In this episode, realtor Anthony Luevanos and lender Angel Luevanos cover the rental market. According to a report by Realtor.com, the median rents across the US increased 19.8%! Rent inflation is outpacing home price appreciate appreciation. So what can you do to protect yourself from rising rents yet still purchase a home with affordable payment? Listen in to see what we recommend to help you start the homeownership journey.

In this episode, realtor Anthony Luevanos and lender Angel Luevanos break down the Russian Ukrainian War and its impact on the real estate market. It’s no secret that everything is more expensive but the 10-year treasury and interest rates recently dropped. Will interest rates continue to drop or is this a window of opportunity to attempt to lock in a lower interest rate? Should you wait to buy a home later this year? Will home prices drop as the geopolitical tension evolves? Listen in to hear their opinions.

Orange County home prices just increased for the fifth straight month.

The median sales price increased $40,000 from January to February to a record price of $990,000. Over the past 12 months, that’s an increase of $165,000 and 20% higher.

The median price per square foot also grew $23 to $594 price per square foot. Since February 2021, it is also up to $123.

The number of homes for sale increased and inventory months supply rose to 1 month. Remember 5-6 months is a balanced market, and 6+ is a buyer’s market.

Half the listings are available that we typically see during February, dating back to 2017.

Overall, the Orange County real estate market is as competitive as it gets for buyers. However, as interest rates increase, it’ll be interesting to see if buyer demand waivers or if home appreciation starts to slow down finally.

*percentages are comparisons year-over-year 

For more details and charts, click: https://theluevanosgroup.com/market-trends

Home prices in Los Angeles County increased despite the jump in interest rates.

The median sales price increased from $825,000 in January to $834,000 in February. In the last 12 months, the median sales price is up $84,000 and 11.2%.

The number of homes for sale has increased slightly, and inventory months supply increased to just 1.3 months. However, we still have about half the active listings from February 2017 to 2019.

Median days on the market decreased to 10 days, four days faster than last month. Remember 5-6 months is a balanced market, and 6+ is a buyers market.

All in all, we are still in an extreme seller’s market. As interest rates increase, this should affect how much prices increase moving forward.

*percentages are comparisons year-over-year 

For more details and charts, click: https://theluevanosgroup.com/market-trends

In this episode, realtor Anthony Luevanos and lender Angel Luevanos talk about home buyers' shift in preference in the last 2 years. With people spending more time at home, they inevitably and asking for more. With this knowledge, you’ll now know how to market your home to sell for more or better prepare yourself for this ultra-competitive home buyer market.

This market is tough, and we understand that. So we made a free eBook to help you. “How to get a good deal in a seller’s market” eBook

In this episode realtor Anthony Luevanos and lender Angel Luevanos discuss increasing interest rates and their impact on home values. Since September, interest rates have increased by 1%. Does this mean that homes will sell for less? As interest rates increase, purchasing power goes down. Consequently, you can now bid less for homes, which decreases home prices. However, there are other factors to consider.

In this episode realtor Anthony Luevanos and lender Angel Luevanos discuss 4 great strategies to purchase a starter home with a lower mortgage payment. You want to make sure you don't miss this one!

Here are the 4 examples they discuss:

1. Purchasing a duplex

2. Single family residence with a guest home or inlaw unit

3. Single family residence with a detached garage

4. Condo or townhome with an HOA under $300

Orange Country prices just increased for the fourth straight month.

The median sales price increased $17,500 from December to January to a record price of $950,000. Over the past 12 months, that’s an increase of $163,000 and 20.7% higher.

The median price per square foot also grew $19 to $571 price per square foot. Since January 2021, It is also up to $112.

The number of homes for sale increased and inventory months supply rose to 0.8 months. Remember 5-6 months is a balanced market and 6+ is a buyer’s market.

All in all, the Orange County real estate market is as competitive as it gets for buyers. However, as interest rates increase, it’ll be interesting to see if buyer demand waivers or if home appreciation starts to slow down finally.

*percentages are comparisons year-over-year 

For more details and charts, click:https://theluevanosgroup.com/market-trends

Prices in Los Angeles County just had their most significant decrease since Jan 2021.

The median sales price decreased from $836,000 in November to $825,000 in December. In the last 12 months, the median sales price is up $104,000 and 14.4%

The number of homes for sale has increased slightly, and inventory months supply increased to just 1.3 months.

Median days on the market increased to 14 days which is our most days since July 2020. Remember 5-6 months is a balanced market, and 6+ is a buyers market.

All in all, we are still in an extreme seller’s market. As interest rates increase, this should affect how much prices increase moving forward. 

*percentages are comparisons year-over-year 

For more details and charts, click: https://theluevanosgroup.com/market-trends

In this episode realtor Anthony Luevanos and lender Angel Luevanos cover everything you need to know about the FHA loan. Here are some of the questions they cover:

What is the minimum down payment required?

What is the minimum credit score required?

What is MIP (Mortgage Insurance Premium), and how much?

What is the maximum debt-to-income ratio?

 Does the home need to be your primary residence?

Can you rent a home that is FHA financed?

How can you get rid of mortgage insurance on an FHA loan?

Who is the FHA designed for?