The Federal Reserve hiked up the nation’s interest rate by 0.25 percentage points. Usually rate hikes are dreaded by professionals in the industry but it seems there is confidence in the upcoming buying season.
Where Real Estate and Life Meet
Details matter to buyers when visiting a potential home, they are always looking for possible problems lurking under the surface. Fixing up small details can make a huge difference in how receptive buyers will be to your home. Even without a big budget there are plenty of small fixes you can do around your house to make a great impression on buyers.
In the luxury market, over-the-top amenities dominate. The top luxury amenities do change from year to year depending on the newest trends in lifestyle and technology. But they always require extravagance and convenience. These are top 10 amenities sought after by luxury home buyers according to US News and World Report.
Which markets are burning the hottest this month? In California there are a total of 12 markets in the top 20 and Los Angeles ranks number 17th. Winter usually sees a freeze in the housing market but with demand high and inventory low, homes are selling 4% faster this month than the same time last year. There is a good and bad to this strong off-season though. But first, why is this happening?
As slow as recovery has been since the real estate bubble, things are looking up in 2017. These 5 trends are going to reshape the real estate market this year for the better. Take a look.
Winter never seems like an ideal time if you’re shopping for homes, even in sunny Southern California. Most of the US is experiencing heavy snow storms and icy roads while we usually get just a little rain due to the drought. But it’s hard not to notice the rain is coming down hard on us this winter and the snow too, to the relief of our reservoirs but not for our real estate.
With so many changes taking place in the luxury real estate market, the key is understanding what will have the biggest impact and how to adapt to these developments. The luxury market is in transition and the 7 key trends to watch out for have been determined.
Since the election of Donald Trump, the economy has taken a turn in new directions. First, stocks have been soaring while bond prices have mostly plunged. This has led to a sharp increase of interest rates including mortgage rates. There does not seem to be one under laying reason why the rates are going up, but multiple factors to consider.
The real estate market during the holidays can be a time of great opportunity for a buyer looking for a good deal if you know where to look. During the holidays, a lot of buyers take the time off to travel and be with family, creating less competition for desirable homes for sale. If you are a first time home buyer or looking to enter the market in your area, this is a great time to get in with less competition outbidding you. A lot of first time buyers take the holiday time off, where more experienced and serious homebuyers keep on the search.
It’s hard to know exactly what changes will happen and how it will affect the market, so the best thing is to prep for any type of market that may come your way.
- Active Spring Season Predicted
- Inexpensive Fixes to Help Sell Your Home Faster
- The Top 10 Amenities Luxury Home Buyers Are Searching For
- Los Angeles in the top 20 Hottest Markets this January
- 5 Trends that will Shape the Housing Market in 2017
- The Worst Day of the Year to Buy a Home Is Coming Up
- 7 Trends Shaping the Luxury Market Identified
- Interest Rates Means Shifts for Real Estate
- A Buyer’s Holiday Real Estate Market
- How to Prep for Shifting Markets
- Top of Mind is a Top Producer
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Malibu, CA 90265
Highway, Suite 23-D
Malibu, CA 90265
Topanga, CA 90290
Mablibu LivingMalibu is a very unique coastal community. It is an enclave that attracts celebrities, entertainment professionals, and those seeking an exclusive yet relaxed environment. Malibu stretches over approximately 30 miles of coastline and extends approximately 6 miles inland. The population is 18,000+/- and its elevation goes from sea level to over 3,000 feet. Read more...
About Pritchett-RapfPritchett-Rapf Realtors is the largest independent real estate firm in Malibu. The company has over 50 years of real estate experience concentrating on sales of beachfront homes, estates, ranches, inland residential, vacant land, mobile homes and condominiums.