BUYING IS NOW 37.7% CHEAPER THAN RENTING IN THE US

Huntington Beach, Westminster, Huntington Beach, Real Estate, Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

Huntington Beach, Westminster, Huntington Beach, Real Estate, Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

BUYING IS NOW 37.7% CHEAPER THAN  RENTING IN THE US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains
cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro
areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in
Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and
37.7% nationwide!
Other interesting findings in the report include:
• Interest rates have remained low and, even though home prices have appreciated around
the country, they haven’t greatly outpaced rental appreciation.
• Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over
45% in Ventura County (CA), to reach the tipping point of renting being less expensive
than buying.
• Nationally, rates would have to reach 9.1%, a 145% increase over today’s average of 3.7%,
for renting to be cheaper than buying. Rates haven’t been that high since January of 1995,
according to Freddie Mac.
Bottom Line
Buying a home makes sense socially and financially. If you are one of the many renters out
there who would like to evaluate your ability to buy this year, let’s get together to find your
dream home.

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FREE SHREDDING and E-WASTE EVENT

 Seal Beach, Real Estate,  Fountain Valley, Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

Seal Beach, Real Estate, Fountain Valley, Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

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8 Simple Ways to Make Your Neighborhood Safer

Neighborhood safety is a team effort, but it starts with you.

Know your neighbors. Know  whether they work during the day, whether they have children (and, if so, what they look like), and what their needs are. Knowing these things helps you be aware of who is in your neighborhood and what could be suspicious.

Keep up your yard, and encourage your neighbors to do the same. A neighborhood with mowed lawns, flowers, and freshly painted homes looks like it’s cared for, and this alone can help deter crime. A well-kept yard also provides fewer places for suspicious persons to take cover.

Be extra cautious when you go out of town. Talk to your neighbors and arrange for someone to mow your lawn,  or pick up your mail and            newspapers. Use timers on lights.

Close your windows and blinds at night. Leaving your blinds open and lights on at night provides a free look into your house, its layout, and the habits of its occupants. And leaving windows open at night or when you’re gone is an invitation for an uninvited guest to come on in.

Improve the lighting on your street. Streetlamps are not the only way to do this. Ask that each household turn on their porch lights in the evenings and install motion-sensor lights in the backs or sides of the house so potential intruders don’t have the darkness to hide in.

Encourage outdoor activity. Go on walks with your neighbor, work in your yard, and let your kids play with the neighbors down the street. Organizing a neighborhood cookout can encourage people to feel more comfortable spending time out in the neighborhood as well.

If you See Something, Say Something. Know your local police. Emergency Call 911,

Huntington Beach Non-Emergency 714.960.8811

Fountain Valley Non-Emergency 714.593.4485

Westminster Non-Emergency  714.898.3315

Costa Mesa Non-Emergency 714.754.5252

Install a security system. In the end, one of the best ways to improve safety in your neighborhood is to get a home security system and use it properly.                                                                                                                             Improving neighborhood safety is a team effort, but it needs to start with someone and that someone should be you. As you get to know your neighbors, discuss your concerns, and apply some of the ideas above, you’ll find that your neighborhood becomes not only a safer place to be, but a more enjoyable one.                                                                                     Sources: Safewise.com, Micah Stovall, The Stovall Team

 

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Congratulations!

 

Congratulations!  Whether you bought your home 6 months ago or 30 years ago, you have Equity!  Now that the real estate market is climbing out of the doldrums (or now that your family has grown by a member or even a few), you may be ready to buy a new home. But do you sell your old home first? Or do you buy and then sell? Call the Stovall Team today at 714.343.9294 or 714.393.5377.  Entering into the 2017 spring market, the biggest challenge for Buyers is the lack of available housing inventory for sale.  In Huntington Beach, Westminster, and Fountain Valley combined there are 160  (as of 2/27/17) single-family 2-3 car garage homes on the market.  We are in a time of short supply, which is great news for Sellers  because they will likely be faced with multiple offers due to the little inventory out there…Buyers will be up against a lot of other people and against a short supply of existing homes.  The Stovall Team is here to help you.

We see that first-time buyers in our high demand area continue to encounter instances where their offer is trumped by cash buyers and investors. Without a much-needed boost in new and existing-homes for sale in their price range, their path to homeownership will remain an uphill climb.  The emerging Buyers in the market (in 2017 and for at least the next 10 years) are expected to be the Millennials (33 percent) and the Boomers (30 percent). We find most of the former will be looking for their first homes, while the latter are down-sizing, often preferring one-level living spaces with upgrades, but less overhead.  The Millennials will be the most impacted by interest rate changes as many Boomers can pay cash or make larger down payments.  In our area, we are predicting an active spring market and look forward to March, typically the time when more listings become available, and we expect at least some easing of current inventory shortages.  Nevertheless, even with these anticipated additional listings demand is expected to continue and the   potential for multiple offers is strong.

Our intimate knowledge of your neighborhood, schools , and the area  amenities enable us to guide our clients as  Buyers and create strategic marketing for our Sellers.    All of this means Buyers are advised to call Stovall Team today at 714.343.9294 or 714.393.5377, do their homework, get pre-approved by a lender and be prepared to make a quick decision if you want to secure a home in this fast-paced market.   And if you are a home owner who has been thinking about selling, now is a great time to call the Stovall Team today at 714.343.9294 or 714.393.5377 to discuss putting your house on the market.  It’s definitely a great time to sell your home.  Working with the Stovall Team gives you the edge you need in this highly competitive real estate market.  Contact the Stovall Team today at 714.343.9294 or 714.393.5377.

Source: Micah Stovall, Stovall Team

 

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Resale Return on Investment

Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

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Staying Loyal

Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

Coastal Orange County, Costa Mesa, Costa Mesa Real Estate, Cypress, Cypress Real Estate, Fountain Valley, fountain valley real estate, Garden Grove, Garden Grove Real, Long Beach Real Estate, Micah Stovall, Real Estate, Steve Stovall, Stovall Team, What Gen X Wants

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