The Karlin Law Firm LLP

Providing quality legal services to statewide and national clients in ADA defense, Personal Injury, business and real estate for more than 35 years

Email Us
Practice Areas

What to know about housing market conditions

Buying a home in California can always be quite a challenge. However, it's especially difficult for those who are looking for their first home. It is not uncommon for buyers to discover that homes in their price range are fixer-uppers that may need a lot of work.

It is expected that home prices will continue to rise in the spring of 2019. In March 2019, the median price for a home in the United States was $300,000. However, a buyer may be able to negotiate with a seller to get the home that they want at a price that they can afford. Another factor in a buyer's favor is that mortgage interest rates are hovering at 4.42 percent. Lower interest rates tend to make homes more affordable. Of course, interest rates don't matter if an individual can't get a loan, and the FHA has recently tightened its lending standards.

As inventory levels start to rebound from historic lows, there will likely be more homes for buyers to choose from. This is what gives them some leverage to negotiate a lower price or get other concessions from sellers. Inventory levels increased in March 2019, but they are still lower than they would be if there wasn't a slowdown caused by the 2008 financial crisis.

Buying residential property may seem like a frustrating process. However, someone who has a quality real estate agent and trustworthy attorney might be able to find a good home at a fair price. These professionals may give advice as to what a buyer could do to maximize their chances of having an offer accepted. If an offer is accepted, an attorney may review the deal to make sure the buyer understands what they are agreeing to.

No Comments

Leave a comment
Comment Information

Contact Us Today

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

L. Scott Karlin

L. Scott Karlin

Attorney Profile
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...

Attorney Profile
Michael J. Karlin

Michael J. Karlin

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

Attorney Profile

Recent Articles

ADA Fraud Reported

A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

Tustin Office
13522 Newport Avenue, Suite 201
Tustin, CA 92780

Phone: 714-881-0054
Tustin Law Office Map

Newport Beach Office
2901 West Coast Highway, Suite 200
Newport Beach, CA 92663

Phone: 949-427-9328
Newport Beach Law Office Map

Carlsbad Office
2173 Salk Avenue
Suite 250
Carlsbad, CA 92008

Phone: 760-407-2409
Map & Directions

Riverside Office
6809 Indiana Avenue
Suite 100
Riverside, CA 92506

Phone: 951-643-8769
Map & Directions

Los Angeles Office
1100 S. Hope Street
Suite 103
Los Angeles, CA 90015

Phone: 213-519-5633
Map & Directions

Fresno Office
1444 Fulton Street
Fresno, CA 93721

Phone: 951-373-4384
Map & Directions