Hope Leitner, Realtor®, CRS

Trying to decide whether it makes more sense to buy a home now or wait? There’s a lot to consider, from what’s happening in the market to your changing needs. But generally speaking, aiming to time the market isn’t a good strategy – there are too many factors at play for that to even be possible. That’s why experts usually say  time in the market is better than timing the market. In other words, if you want to buy a home and you’re able to make the numbers work, doing it sooner rather than later is usually worth it.  Bankrate  explains why:  “No matter which way the real estate market is leaning, though, buying now means you can start building equity immediately.”   Here’s some data to break this down so you can really see the benefit of buying now versus later – if you’re able to. Each quarter,  Fannie Mae  releases the  Home Price Expectations Survey . It asks over one hundred economists, real estate experts, and investment and market strategist...

  If you’ve been hesitant to   list your house   because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent. After months of high rates keeping buyers on the sidelines, things are starting to shift. Rates are already coming down due to a number of economic factors. And yesterday the  Federal Reserve  cut the Federal Funds Rate for the first time since they began raising that rate in  March 2022 . And while they don’t control mortgage rates, this sets the stage for mortgage rates to fall even further than they already have – especially since more cuts from the Fed are expected into next year. And lower  mortgage rates  are bringing more buyers back into the market. Lisa Sturtevant, Chief Economist at  Bright MLS , says: “A drop in the cost of borrowing will help fuel more homebuyer demand . . . Falling rates will also bring more sellers into the market.” The best part? You can  take advantage  of th...

  With declining interest rates, I anticipate steady demand for homes this fall.   Below, you'll find the current month’s housing report along with data from previous months. San Diego County continues to face an inventory shortage, despite ongoing new construction.   Overall, home values remain stable. While there has been a slight dip in average prices, we are still within the same price range as we were at the beginning of summer. Whether you’re looking to buy or sell, this is a balanced market.   If you’re considering a purchase or sale, I encourage you to reach out. Let’s discuss your options in the context of our unique housing market, ensuring your decisions reflect the latest trends and realities.   If you know anyone who would like to receive this monthly market update, please share this link for them to sign up.   I’m always here to support my clients and their friends and family. Your Forever Agent,   Hope Leitner, CRS (858) 382-3763   ...

  You won’t find anyone who’s going to argue that  mortgage rates  have had a big impact on  housing affordability  over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the  lowest point  we’ve seen in 2024,  according  to  Freddie Mac  ( see graph below ): And if you’re thinking about  buying a home , that may leave you wondering: how much lower are they going to go? Here’s some information that can help you know what to expect. Expert Projections for Mortgage Rates Experts say the overall downward trend should continue as long as inflation and the  economy  keeps cooling. But as new reports come out on those key indicators, there’s going to be  some volatility  here and there. What you need to remember is it’s not wise to let those blips distract you from the larger trend. Rates are still down roughly a  full percentage point...

  If you’re  planning to sell  your house and move, you probably know there’s been a shortage of options available. But here’s the good news: the supply of  homes for sale  has grown in a lot of markets this year – and that’s not just existing, or previously-owned, homes. It’s true for newly built homes too.  So how do you decide which route to go? Do you buy an existing home or a brand-new one? The choice is yours – you just need to figure out what’s most important to you. Perks of a Newly Built Home Here are some benefits of buying a newly built home right now: Have brand new everything  with never-been-used appliances and materials Use energy efficient options  to save money and leave a smaller footprint Minimize the need for repairs  and benefit from builder warranties Take advantage of builder concessions  that can help with affordability In today’s market, a lot of builders are focusing on selling their  current inventory ...

    June 2024   Welcome to a curated selection of the latest real estate insights—handpicked just for you. As your dedicated agent for life, I believe in empowering you with the knowledge you need to navigate the world of homeownership with confidence. Sit back and absorb the compelling narratives that await in this issue.   Whenever you find yourself pondering the next steps in your real estate journey, remember that I am only a conversation away. My commitment to you, your family, and friends is unwavering, and I'm ready to assist with tailored, strategic advice whenever you need it.     Your Forever Agent,    Hope Leitner, CRS,  CalDRE #01874321   Hope Opens Doors Berkshire Hathaway HomeServices, California Properties Christie D. Horn and Associates 3790 Via de la Valle, Suite 201, Del Mar, CA 92014 Cell: (858) 382-3763 Website: HopeLeitner.com Email Hope   Home Prices Aren’t Declining, But Headlines Might Make You Think They Are If y...