Author Archives: Micah Stovall

A Good School District = Home Value Stability

Homes can go up or down in value based on macro-volatility or local area changes, but a great school district can act as the lynchpin for strong values in a given area. Spring is right around the corner, so  flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market When buying…

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Impact of the Coronavirus on the U.S. Housing Market

The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world. With all this uncertainty, how do you…

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Entry-Level Homeowners Are in the Driver’s Seat

Locally the lack of inventory continues to drive home price growth. This means there’s a high demand for homes in this tier of the market, making it a great time to consider using your equity to move up to a bigger or more premium home. Call me today at 714.343.9294.

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How the Housing Market Benefits with Uncertainty in the World

Life is tough. It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,…

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Where Have All the Houses Gone?

Now is a great time to consider putting your home on the market. The competition (number of houses on the market) has not been this low in decades. It’s best not to wait for the inventory (both existing homes and new construction) to increase in the spring, as it always does.The supply of homes for sale is at a historic low. Buyer demand is surprisingly strong. Now would be a great time to sell.

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Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey

The Stovall Team has strong relationships with lenders who can help you through this process, so partnering with a trusted advisor will be key for that introduction. Once you select a lender, you’ll need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac also describes the ‘4 Cs’ that help determine the amount you’ll be qualified to borrow:

Capacity: Your current and future ability to make your payments
Capital or Cash Reserves: The money, savings, and investments you have that can be sold quickly for cash
Collateral: The home, or type of home, that you would like to purchase
Credit: Your history of paying bills and other debts on time
While there are still many additional steps you’ll need to take in the homebuying process, it’s clear why pre-approval is always the best place to begin. It’s your chance to gain the competitive edge you may need if you’re serious about owning a home.

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