Category Archives: Real Estate News

House-Buying Power At Near-Historic Levels

Even though home prices are increasing rapidly and are now close to the values last seen a decade ago, the actual affordability of a home is much better now. As Chief Economist Mark Fleming explains in the report:  “Though unadjusted house prices have risen to record highs, consumer house-buying power stands at near-historic levels, as well, signaling that real house prices are not even close to their historical peak.” In today’s competitive atmosphere, you need a professional on your side who not only knows the exact conditions in your market but can also help you take the steps you need to in order to secure your new home! 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. We are always willing to go the extra mile for our clients. Call the Stovall Team today reached at 714.343.9294 Visit stovallteam.com

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VA Loans: Making A Home For The Brave Possible

Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them. If you are a veteran or you know someone who is, here is a…

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Do You Love Where You Live? We Sure Do! OC FAIR July 13- August 12, 2018 Information & Discounts

http://ocfair.com/wp-content/uploads/2018/01/GX6792_ReadRide2018_web.pdf Discounts Save money at the OC Fair! Discounts are honored during the specified timeframe. Please arrive early to enjoy all promotions. Freebie alert! All reserved seats in the Pacific Amphitheatre, The Hangar and Action Sports Arena include FREE Fair admission. OPENING DAY Free ‘Til Three on Friday, July 13 (12-3 p.m.) Enjoy free admission and parking…

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How A Lack Of Inventory Impacts The Housing Market

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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Tax Reform

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of depreciation and suggested that buyer demand could drop like a rock. Now that the first quarter numbers are in, we can begin to decipher the actual that  impact tax reform has had on the real estate…

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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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