July 2021

Ria Realty expands to Florida

I’m thrilled to introduce Ria Realty, FL. After more than 10 years of running a successful residential real estate brokerage here in CA, I have decided to expand Ria Realty in Florida. I will be specializing in residential investments and have all experienced teams lined up to make remote residential investments as easy as it can be with a commitment to excellence in customer service as...

Will the Housing Market Crash in the Next 5 Years?

History has taught us lessons about recessions, depressions, stock market crashes, housing market crashes and even pandemics. We can learn from the past to prepare for the future. One thing we know for sure is that the economy always fluctuates. On the same note, people can expect major changes in the real estate market over the next 5 years as technology evolves.  Robots will take...

Mortgage applications sink to their lowest level since before the pandemic hit

Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally adjusted index, falling to the lowest level since the beginning of 2020.  Both refinance and purchase applications took a hit. Mortgage applications to refinance a home dropped 2% for the week and were 8% lower than a year ago.The decline came even as mortgage rates fell. Mortgage demand fell...

Sellers – Don’t make these mistakes!

It’s a seller’s market in real estate, which means that buyers have much to feel anxious about. But sellers have reasons to lose sleep, too. What if they make an expensive mistake? It’s easy to find lists of common homebuying mistakes – home selling mistakes are harder to describe. They’re subtle, often involving mind-set and attitude. Here are six home selling mistakes and how to avoid...

No relief for buyers as home price growth intensifies

The perfect storm of sizzling demand and a stark lack inventory continued to drive home price growth with home price growth hitting recent records by multiple companies’ metrics.  “Frankly, home values are appreciating at rates we’ve simply never seen before, as low interest rates, ultra-scarce inventory and increasingly competitive homebuyers combine to create a truly unprecedented...

CA Market Updates 7/2/21

Rising interest rates and red-hot market competition began to take a toll on the housing market. While new and existing home sales continue to outperform last year’s levels, a gradual slowdown in housing demand is reflected in the month-to-month sales declines in both markets. As tight supply remains an issue and home prices continue to surge, many would-be buyers continue to face affordability...

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