Dear Family, Friends & Clients,
Home Prices have risen approximately 40% over the past three years. Prices have declined about 10% since the first of the year. Rising interest rates, out of control inflation and the Russian invasion of Ukraine are key factors causing the decline in prices. The big question is "where do we go from here?" The chance of a recession or soft landing remains a mystery. A great reason for optimism is that lenders learned from past mistakes and utilized wise lending practices ever since the market crash of 2008.
Homeowners, even if behind on their mortgage, mostly have substantial equity. If you have experienced a loss of income or have fallen behind on your mortgage payment it is wise to avoid a foreclosure by being proactive in getting your house sold. If you are at or over the age of 62 an option that might bail out some people in a distressed situation is a Reverse Mortgage. Timing is on the side of homeowners in trouble as there is most likely going to be another moratorium on foreclosures throughout the holidays until at least the middle of January of 2023. Call Tony Lewis, Realtor in Santa Clarita for professional advice at 661-510-7975 or Paul Dinkel in Orange County at 661-510-3042. You should give us a call before things do get out of hand. As always, our goal is to be a benefit for the people who's best interest we serve.
A Buyer's Market might occur during the Holiday Season from now through the end of February 2023. This might be the best time to purchase a new house or investment property. We have seen many downturns in our 26 year career. We know how to negotiate the best price for you. Call Tony Lewis for homes in Santa Clarita or Los Angeles County at 661-510-7975 or Paul Dinkel for homes in Orange County or O.C. Beach Communities at 661-510-3042
Tony and Paul both have are qualified with the CDPE Certified Distressed Property Experts trained to guide people through troubling real estate markets. Call us with any questions or concerns. We always enjoy serving the public.
Presented by your Friends & Realtor Tony & Dani Lewis
Summit Real Estate Group offices in Valencia & Aliso Viejo, California
Call or Text us at 661-510-7975