May, 2018 RSS Icon
Found 3 entries for May, 2018.

Typically most people think summer is a slow time for the real estate market but actually, it’s a very good time to list your home.  Here are five reasons why:

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year-over-year for the last 35 months and is still under the 6-month supply needed for a normal

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Ryan Baker is an Orange County native who brings to Arbor his unparalleled local expertise in the coastal real estate market. He began his real estate career in 2002 at a Newport Beach boutique firm called Strada Properties. In 2006 he acquired his broker’s license and launched his own brokerage which he oversaw for ten years. Now aligned with our marketing and digital team, Ryan continues to grow his strong network of buyers, sellers, and investors.
Ryan possesses a rare combination of skills coupling creativity with business savvy. His extensive track record as an industry leader in the luxury real estate market-- selling more than 300 homes -- along with his experience owning and managing investment properties sets Ryan apart from other brokers. 
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Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.

Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will drop.

However, in a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate.

Let’s look at home prices the last four times mortgage rates increased dramatically.

In each case, home prices APPRECIATED and did not depreciate. No one is

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