In this episode, realtor Anthony and lender Angel answer 6 questions that will help you find the right realtor for you in 2022. Here are the questions:

1.  Should you work with your family or friend realtor?

2.  Should you speak to a few realtors before deciding who to work with?

3.  Does working with a team make the most sense for someone looking to sell or buy?

4.  Does working with an experienced realtor play a significant role in getting an offer accepted or selling your home for top dollar?

5.  What non-negotiable services should your realtor offer when selling your property?

6.  What non-negotiable services should your realtor offer when searching for a property?

In this episode realtor Anthony and lender Angel review seven tips all first-time home buyers should. We listed them below:

You do not need a 20% down payment

You do not need excellent credit

Get pre-approved before looking for home

You are not paying for the buyer's agent commission

Treat your current rent as a mortgage and budget

Interview different realtors and lenders

 Be patient and enjoy the process

Orange Country prices just increased for the third straight month.

The median sales price increased $10,000 from November to December to a record price of $935,000. Median price per square foot also shot up $6 to $552 price per square foot and is up $103 since last December!

The number of homes for sale decreased and inventory months supply dropped to 0.7 months. Remember 5-6 months is a balanced market and 6+ is a buyer’s market.

All in all, we are still in an extreme seller’s market. Prices tend to retreat in the winter but we just set a new record in median sales price. We expect interest rates to go up soon so although it’s very competitive, it may make sense to start looking now before the monthly payment starts to rise even more.

*percentages are comparisons year-over-year 

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

#orangecounty #ocrealestate #ocrealestatemarket #orangecountyrealestatemarket #ochomes #realestatemarket

Prices in Los Angeles County just had their biggest increase since June.

The median sales price increased from $820,000 in November to $835,000 in December. Prices are up $100,000 since last December!

The number of homes for sale have decreased and inventory months supply dropped to just 1.2 months. Remember 5-6 months is a balanced market and 6+ is a buyers market. Median days on market remained 12 days and is up from our yearly low in July of 9 days.

All in all, we are still in an extreme seller’s market. Prices tend to retreat in the winter but we just matched our yearly high in median sales price. We expect interest rates to go up soon so although it’s very competitive, it may make sense to start looking now before the monthly payment starts to rise even more.

*percentages are comparisons year-over-year 

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

#losangelescounty #losangelesrealestate #losangelesrealestatemarket #losangelescountyrealestatemarket #losangeleshomes #realestatemarket

In this episode, realtor Anthony Luevanos breaks down the 2022 conforming loan limits. We had our biggest increase ever, so there are a lot of things to pay attention to. He explains the difference from county to county, single unit to 4 units, and conventional vs. FHA limits.

In this special episode, rather than talking about the real estate market and current events, Angel and Anthony talked about their businesses. Angel just completed his second full-time year as a lender and closed 40 deals this year. Anthony and The Luevanos Group also completed their second full time as a real estate team and closed 21 sides. They both talk about their experience in the industry and offer advice for those looking to enter the space.

In this episode Anthony Luevanos and Angel Luevanos breakdown an article from Keeping Current Matters that details the opinion of experts and their projections for 2022.

For sellers, we are still going to be in a seller’s market where your home will get a lot of attention. Some seller’s will find themselves in a situation where they gained so much equity they can either seller to buy their dream home or cash-out refinance and purchase an investment property that is paying for itself.

For buyers, we anticipate home prices and interest rates to increase as we move further along into 2022. Therefore, there is a strong incentive to purchase sooner and lock in your fixed mortgage payment and watch your home’s value go up as time progresses.

https://www.keepingcurrentmatters.com/article/housing-market-forecast/

Prices in Los Angeles County have slightly increased for the first time since June.

The median sales price increased from $812,000 in October to $815,000 in November.  Since June, prices have dropped $20,000.

The number of homes for sale have decreased and inventory months supply dropped to 1.6 months. Remember 5-6 months is a balanced market and 6+ is a buyers market. Median days on market remained 12 days and is up from our yearly low in July of 9 days.

All in all, we are still in an extreme seller’s market but we are heading into the season where there tends to be less buyers and home prices tend to decrease. It may be an advantageous time to look when no one else is.

*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 break down 5 articles from Keeping Current Matters. One article they cover suggests that monthly home appreciation increases have now plateaued at 18.1% year-over-year. Many experts believe that this will likely drop to about 15% by the end of this year. That does not mean that prices will decrease in value heading into the next few years, but rather that we will revert back to a normal appreciation similar to our 25-year average of 5.1%.

Just when we thought the Orange County real estate market was cooling off, we get another record month!

The median sales price increased $15,000 from September to October to a record price of $915,000. Median price per square foot also shot up $8 to $538 price per square foot.

The number of homes for sale increased slightly and inventory months supply increased to 1.2 months from our yearly low of 1.1 months. Remember 5-6 months is a balanced market and 6+ is a buyer’s market.

All in all, we are in an extreme seller’s market but is there still one good sign for buyers. Interest rates are historically low. If you are looking to buy a home, make sure to make a strong offer out of the gate and remember to look at the cost of monthly payment as opposed to price tag. If you work the math out, it’s usually more affordable to have a lower interest rate than a lower purchase price.

*percentages are comparisons year-over-year 

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