Friday, November 29, 2024 / by Joyce Dungca
Some Highlights
There’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.?
Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.
No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Let’s connect if you have questions. ...
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team raj jaggi, buyers, sellers, investors, home buyers
Tuesday, November 19, 2024 / by Joyce Dungca
Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.
But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:
Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors.
So, before you get discouraged, let’s take a look at what’s really going on. You might be surprised to learn that Wall Street isn’t the competition you may think it is.
Most Investors Are Small Mom-and-Pops
Most investors aren’t the mega corporations you’ve probably hear; ...
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team raj jaggi, buyers, sellers, home buyers
Wednesday, October 30, 2024 / by Joyce Dungca
No one likes making mistakes, especially when they happen in what’s likely the biggest transaction of your life – buying a home.
That’s why partnering with a trusted agent is so important. Here’s a sneak peek at the most common missteps buyers are making in today’s market and how a great agent will help you steer clear of each one.
Trying To Time the Market
Many buyers are trying to time the market by waiting for home prices or mortgage rates to drop. This can be a really risky strategy because there’s so much at play that can have an impact on those things. As Elijah de la Campa, Senior Economist at Redfin, says:
“My advice for buyers is don’t try to time the market. There are ?a lot of swing factors, like the upcoming jobs report and the presidential election, that could cause the housing market to take unexpected twists and turns. If you find a house you love and can afford to buy it. ...
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team raj jaggi, buyers, sellers, housing market, homeownership, home buyers
Tuesday, October 15, 2024 / by Joyce Dungca
For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes. Unfortunately, this is turning some buyers away from what may be one of their best options in today’s housing market. As Builder Online says:
“As resale inventory remains limited and the price spread between new and resale homes narrows, new homes are increasingly an attractive value proposition for buyers, with incentives such as rate buydowns a way to help address ongoing affordability challenges.”
So, is there any merit to the myth? Let’s break down the best way to make sure you feel good about looking into new home construction. That way, you’re not missing out on such a great option today.
Choosing the Right Builder
The key to making sure you get a quality newly built home is to choose a good builder. Reputable builders adhere to strict building codes a. ...
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team raj jaggi, buyers, sellers, real estate agents, home buyers, new construction homes
Tuesday, October 8, 2024 / by Joyce Dungca
Has your house been sitting on the market longer than expected? If so, you’re bound to be frustrated by now. Maybe you’re even thinking it’s time to pull the listing and wait to see what 2025 brings. But what you may not realize is, the decision to hold off could actually cost you. Here’s a look at why staying the course could be the smarter move.
Other Sellers Are Pulling Back. Should You Hold Off Too?
According to recent data from Altos Research, the number of withdrawals is increasing – that means more sellers are opting to pull their listings off the market right now. And this isn’t unusual for this time of the year.
In the housing market, there are seasonal ebbs and flows. Inventory levels typically start to drop off a bit headed into the fall season as some sellers delay their plans until the new year. As Mike Simonsen, Founder of Altos Research, explains:
“. . . we&; ...
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team raj jaggi, buyers, sellers, housing market, home buyers
