Tag Archives: Stovall Team

Ask the Experts: Will Home Prices Fall as Mortgage Rates Rise?

A.    All indicators suggest that home prices will not fall as mortgage rates climb through the end of this year, it’s the law of supply and demand that is driving increasing home prices. The best time to sell  anything is when demand is high, and supply is low. As the number of homes for sale increases and home value appreciation slows, we expect the market to meaningfully swing in favor of    buyers within the next two to three years Real Estate is a cyclical market– it’s  interesting to watch the dynamics of the market. What we see is prices rise, home sales slow down, prices weaken and home sales pick back up. It’s the way a housing market is supposed to behave in a normal  environment. But it’s been so long since we’ve seen a normal environment that we forget how it’s  supposed to work.  Mortgage  interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an  additional half of a point by year’s end. Because of this increase in rates, you are guessing that home prices will  depreciate. Let’s take a look at the data.  

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CONSIDERING SELLING YOUR HOME? THIS SUMMER REAL ESTATE MARKET IS HOT!

The best time to sell  anything is when  demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a  luxury home or downsize, now’s the time to list your house for sale and make your dreams come true. Call me today  714.343.9294 and  visit stovallteam.com        

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What Buyers Want

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Visiting Open Houses This Weekend? Well, What If I Wait Until Next Year To Buy A Home?

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan. The best time to sell  anything is when  demand is high, and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs and you are looking to step into a  luxury home, now’s the time to list your house for sale and make your dreams come true. Call us today  714.343.9294 and  visit stovallteam.com  The Stovall Team places a premium on customer service, drawing on more than 60 years of combined experience and out-of-the box  thinking to ensure that their Team  provides the best customer experience in the business. 

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These (Mortgage) Rates are on Fire!

How a rate hike will affect home values and the market as a whole is murkier. The tax bill passed in December has numerous implications for housing that may not be fully realized for years to come.  Bottom Line When mortgage rates increase, history has shown that prices appreciate (and do not depreciate) during that same time span. Now, more than ever, who you work with matters!  Our  primary goal is to deliver the highest level of service  available to each and every one of our clients.  We strive to make each of our listings the best they can be.   Is now the time for you to make your move?  Call me today at 714.343.9294  Visit stovallteam.com  

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Empty Nesters: Best To Remodel Or Time To Sell?

Your children have finally moved out and you and your spouse now live alone in a four-bedroom ranch (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent on…

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