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2018 Real Estate Predictions from Kevin Budde at BofA

2018 Real Estate Predictions from Kevin Budde at BofA

2018 Real Estate Predictions from Kevin Budde at BofA California Specific – 2018 real estate In 2018 the California housing market is going to be much better than some may have thought in 2017. This month begins my 43rd year in the mortgage industry and while I may not be an economist I have experienced many ups and downs over the years. Since 1975 I have been through 3 major housing downturns (1980-1981, 1990-1994, 2007-2011) and I want to point out the most significant factors creating another good year for the California housing market.   Housing Markets Turn Down In Bad Economies, Not Good Ones We are going to have a strong economic year in California in 2018. California is having robust job gains and the unemployment rate is at the lowest level in 4 decades, 1979 being the last time it was this low – 4.6%. Since 2012 the California economy has grown faster than that of the US as a whole. Job gains are happening across most industries. Technology, Educational and Health Services, Leisure, Hospitality, Business Services, Manufacturing and Construction. All industries are showing gains in employment. With a tight labor market employees feel their jobs are secure and the possibility of pay increases. They also consume more goods, services and homes which in turn creates more jobs.   The New Tax Bill – Don’t Fear It The corporate tax cut to 21% is now in place along with lower individual tax rates and higher child care credits. Business owners and corporate executives make up a large portion of the high-end California home buyers. They will see...

Value Proposition Ron Buck Group

Open Letter to Buyers and Sellers My Value Proposition in my Real Estate Business, Ron Buck Real Estate Group I am committed to providing you solid guidance and advice, with total honesty and professionalism. We are entering a Fiduciary Relationship, do you know what this means? That means that I will put your needs above all others, including my own. This is possibly the largest purchase you will ever make and your best interests are of utmost importance! Don’t you agree? Excellent… because that’s what you deserve. When I help you find the right property we will write a solid Contract with every possible protection for you. I will not only negotiate for you the best possible price; I will also protect you with all terms including financing, property inspections, funding, closing and occupancy. This is my full time career and I have a strong team of experts behind me. By the way, isn’t this what you want? Are you aware that there may be up to twenty different parties, people and entities involved in the purchase or selling process as we close your deal? I will be your advocate and coordinate with all of them. You will be in good hands with Ron Buck and his team at Keller Williams Realty. Buyer / Seller / Seller’s agent / Listing agent / Transition Coordinator buyer side and seller side / Mortgage Broker / Mortgage Processor / Mortgage Underwriter / Home Inspector / Pest Control Inspector / Various trade inspectors (plumber, roof, electrical) / Appraiser / Handyman or Retrofit Company / Home Warranty Company / Escrow Officer / Title Officer....

PANORAMIC VIEW in Laguna Woods – $198,000 – Open Sunday

Laguna Woods Open House at 4014 Calle Sonora Oeste 3F on Sunday 11/1  Laguna Woods is a retirement community south west of Irvine in south Orange County CA. Laguna Woods is very popular because of the security, 7 Clubhouses, 5 pools, $10 golf fees, clubs and free bus service. – See MLS link for 4014 Calle Sonora Oeste.  Check out the YouTube video of the massive Panoramic View. For a small one bedroom penthouse condo with an amazing view on top of the world, this is an amazing price. Only $198,000 for one large bedroom and 1.5 baths plus new flooring, new appliances, new master shower and more. The elevator is just steps from your carport and there are no stairs. Open House is Sunday Nov 1st from noon to 4. Visitors MUST call ahead for access through the gate 14 entrance off El Toro Rd. Call Ron Buck at 949-456-0505 for directions and gate access. www.RonBuckGroup.com, Keller Williams Realty  ...

Steven Thomas says, Call your REALTOR® – Zillow is not the answer

Orange County Housing Report: Get Home Values Online… SCARY! October 25, 2015 Steven’s insights provided by the RON BUCK GROUP Good Afternoon! Today’s sellers and buyers turn to the Internet to determine their home’s value but forget to look at the fine print. Online Home Valuation Tools: even though sellers and buyers turn to Internet sites to establish the property value of a home, it’s not even close to being accurate. Everything is on the Internet. Recipes, comparison shopping, product ratings, music, dating, news, financial tips, economic analysis, entertainment, medical information, every business and every person is now on the Internet. With access to so much information, sellers and buyers now feel empowered with the ability to go online to learn as much about the home selling and home buying process as they wish. They can search to their hearts content as everything is now seemingly at their fingertips. With this access comes the sense that sellers and buyers can control the process. They feel like they are in the driver’s seat. From home searches, to researching about the skillset of a REALTOR®, to looking at payment calculators, they can do a tremendous amount of research from the comfort of their homes. Zillow.com, REALTOR.com, Trulia.com, OCRegister.com, LATimes.com, YahooRealEstate.com, CNN.com, CNBC.com, etcetera, there are plenty of choices to learn more about the local, regional, and national real estate markets. There is a lot of great information available to real estate consumers to help in the process. Unfortunately, there is plenty of misinformation too. The number one real estate website is Zillow.com. The main purpose of the site is to determine...

Price Per Square Foot Study

Price Per Square Foot Study The first most common question I am asked as a Realtor is, “How long has this home been on the market?” This might be a valid question but it might not be. Really this question is how long and have there been any price reductions. The second most common question I am asked as a Realtor is, “What is the price per square foot?” Is this a valid question? Sure any question is valid but this one can be extremely misleading. Why? First this question is misleading because it is tied to the neighborhood. The neighborhood and city are huge dictators of price per sq ft. The average price per square foot of a detached entry level home in Laguna Niguel might run in the $350 per sq ft range but will be higher for very small detached homes or much higher for larger custom homes. I recently did a study of six months of home sales in the Regatta gated community in Dana Point. The homes in Regatta range from about 1700 sq ft to about 2400 sq ft. The condition of the homes vary greatly as some are 30 years old finishes and a few have been totally remodeled. The other huge factor in determining price is the quantity and quality of the ocean view.   The price per square foot for the Regatta community in the last six months, which included about seven sales, ranged from $517 to $760. The conclusion is that LOCATION and CONDITION ARE THE TWO MOST SIGNIFICANT FACTORS in determining the real price per square foot value...

Laguna Niguel Housing Market Report

Laguna Niguel Housing Market Report. Things have heated up dramatically in the Laguna Niguel housing market and surrounding areas. Home buyers are anxious to secure a property while the interest rates are still good. In many price ranges the inventory is not keeping up with demand. We are starting to see multiple offers again (shades of spring 2013). Not all price ranges are hot but many are. Laguna Niguel Housing Market shows lower than expected inventory. The chart above shows Orange County Housing inventory for four years. The dark blue line shows inventory for 2014. The red line shows inventory for the first three months of 2015. You will notice inventory started the year a little ahead of 2014 but has dropped under the blue line at this time. I experienced a home in Laguna Niguel priced at 799K that received 8 offers on the first weekend. On the other hand high end properties are sitting longer. One significant difference from 2013 is that the prices are higher. Since the spring of 2013 the prices are up about 20% or more but interest rates have dropped. Today buyers paying top dollar want upgraded or move in ready properties. Also due to the higher prices there are fewer investors. Most buyers want to find personal residences. Home sellers will find that buyers are picky and will not pay even market value if there is a lot of deferred maintenance. For more information or a FREE Market Evaluation of your home, call Ron Buck with Keller Williams Realty at 949-456-0505. BRE01364665. L...