Dear Clients & Friends,
Daylight Savings time has begun and Spring is less than two weeks away. The rather mild Winter has started the home buying and selling season earlier than usual. Homes are selling at a brisk pace, home prices are once again on the rise even as interest rates have continued to fall.
This weeks jobs report was stronger than expected, the unemployment rate fell to 5.5%. You would think this would be great news for the Stock Market. Unfortunately stocks dropped as the strong jobs market may signal the end to the historic low interest rates. I strongly suggest, whether selling or buying a home, getting started right away. Higher interest rates hurt both sellers and buyers equally. Home Buyers are hampered as the higher rates lower the amount of home that is affordable. The impact to home sellers is that there will be qualified buyers at the present market value of your home.
We are here for you whether you are considering selling your home this year and would like us to meet with a evaluation for your home. We would like to see your home, speak with you and share our incredible marketing plan.
Buying a home at the right price, in the right location with the best future investment is our specialty. We will discuss your home search and send handpicked active listings that match your criteria. You will learn about new listings as the hit the market.
Stated Income Loans are once again available. There is an origination fee and interest rates are much higher and the loans are variable but there are many people with the ability to pay for a home but unable to qualify for a Conventional Loan. There is a high down payment as well.
We are here to help you with all of your real estate needs. Call, Text or Email us with any questions, concerns, or to meet to list or buy a home. Our goal is your success!
We have new listings coming up in Valencia and Canyon Country. Let us know if you would like to learn about these homes.
Your Friends & Realtor,
Tony & Dani Lewis RE/MAX of Valencia