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Residential Real Estate Archives

The perks of buying homes during the fall

California residents may believe that they are out of luck if they can't find a house by September in a given year. However, the fall months may actually provide an opportunity to purchase a home. During this time, there may be fewer people actually looking for properties, which may result in fewer offers for homes on the market. When a home receives multiple offers, the price might be driven up.

How to know when a real estate bid is accepted

California residents often dream of purchasing a home of their own. It can be exciting to visit homes for sale and to make the decision to place a bid. Many home buyers also find that waiting to find out if an offer has been accepted can be a bit stressful, particularly when they have to wait more than a few days to get a response.

Many American housing markets becoming overvalued

California residents may have noticed that home prices keep climbing even though incomes have largely failed to keep pace. According to data from CoreLogic, 46 percent of the top 50 housing markets in the United States were overvalued at the end of July 2017. A market is overvalued when home prices are more than 10 percent higher than what is considered a long-term sustainable value. Only 16 percent of markets were undervalued while the other 38 percent were considered a fair value.

Supply problems still impacting residential real estate markets

The number of people signing contracts to buy homes climbed in California and other western states in July, but this was not enough to assuage the growing fears of industry experts. The number of new residential real estate contracts across the country as a whole fell in July for the fourth time in five months, and analysts are putting the blame on dwindling supplies rather than unfavorable economic conditions. A robust and growing economy, healthy employment figures and low mortgage interest rates continue to fuel the demand for houses. However, buyers in many of the nation's most active markets are finding few suitable properties to choose from.

Senior concerns when buying residential real estate

Senior citizens may feel a bit foolish looking to purchase their first home, but the truth is there is no reason to feel this way. Buying residential property is an investment like any other, and it can provide a payoff by helping people of any age meet their personal goals. A report from the National Association of Realtors found that people over the age of 52 made up nearly one-fourth of first-time buyers, so California seniors should not feel out of place in making this move.

Chinese investors continue to flock to U.S. real estate markets

Orange County and the rest of the extended LA metro area is among the favorite American housing markets for prospective buyers from China. According to a recent report conducted by Investorist, an online platform for real estate transactions, Chinese buyers are the most dominant foreign investors in the United States housing market, and they cannot be dismissed as opportunistic buyers.

Home sales fell in June

Californians who are involved in the real estate market might be interested in learning that the sale of existing homes fell by 1.8 percent nationwide in June. While fewer closings occurred, that does not mean that the demand for homes fell. Instead, experts say that the process slowed because of a tight supply of homes combined with a price growth that has made it more difficult for buyers to find homes to purchase that fit their budgets.

When to sell a home

According to a report from the National Association of Realtors, 71 percent of homeowners in California and the rest of the country believe that now is a good time to sell a home. This degree of confidence is higher than what was reported among homeowners in the last quarter and a year ago.

Home buying demands a measured experience

California residents who want to become residential property owners need to approach real estate purchases with caution, as these transactions deserve careful consideration. For instance, buyers should think about whether they might resell their home in the future and remember that their needs may change as their family members age.

California millennials lack funds for down payments

According to a study by Apartment List, 70 percent of millennials around the country have less than $1,000 for a down payment on a home. Fewer than 30 percent of those between the ages of 25 to 34 would be able to save 10 percent of a home's purchase price within three years. Furthermore, only 15 percent would be able to do so in the next year.

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L. Scott Karlin

L. Scott Karlin

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David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

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Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

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