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About Spencer’s Crossing: A Master-Planned Haven in Murrieta California
When it comes to finding the perfect place to call home, a balance of comfort, convenience, and community is paramount. Spencer’s Crossing, a remarkable master-planned community, emerges as a shining example of such an ideal residential haven. Developed by the renowned Lennar, this sprawling community nestled in the heart of French Valley, Riverside County, California, is poised to redefine modern living.
Exploring the neighborhood of Morningstar Ranch In the French Valley area of Winchester, CA
Learn more about the neighborhood of Morningstar Ranch In the French Valley area of Winchester, CA
Today’s Housing Inventory Is a Sweet Spot for Sellers
Today’s Housing Inventory Is a Sweet Spot for Sellers One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels. According to a recent report from Realtor.com:  “On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.† The graph below helps illustrate this point. It uses historical data to provide a more concrete look at how much the numbers are still lagging behind the level of inventory typical of a more normal market (see graph below): It’s worth noting that 2020-2022 are not included in this graph. That’s because they were truly abnormal years for the housing market. To make thecomparison fair, those have been omitted so they don’t distort the data. When you compare the orange bars for 2023 with the lastnormal years for the housing market (2017-2019), you can see the count ofactive listings is still far below the norm. What Does This Mean forYou?  If you’re thinking about selling your house, that low inventory is why this is a great time to do so. Buyers have fewer choices now thanthey did in more normal years, and that’s continuing to impact some keystatistics in the housing market. For example, sellers will be happy to see thefollowing data from the latest Confidence Index from the NationalAssociation of Realtors (NAR): Facebook Twitter LinkedIn
The Benefits of Downsizing for Homeowners
Planning To Sell Your Home This Year? Here’s Why You Should Work With A Real Estate Agent Some Highlights Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs. Downsizing could help cut down on your expenses and your equity can fuel your move. If you’re thinking about moving to a smaller home, let’s connect to go over your housing goals and look at your options on our local market. Facebook Twitter LinkedIn
Evaluating Your Wants and Needs as a Homebuyer Matters More Today
Evaluating Your Wants and Needs as a Homebuyer Matters More Today When it comes to buying a home, especially with today’s affordability challenges, you’ll want to be strategic. Mortgage rates impact how much it costs to borrow money for your home loan. And, to help offset the higher borrowing costs today, some homebuyers are taking a close look at their wish list and re-evaluating what features they really need in their next home to avoid overextending. As a recent NerdWallet article says: “A pool, for example, may be nice to have, but it may not provide as much day-to-day value as a garage or a space for a home office . . .†While that pool may be appealing, think twice on whether or not it’s really something you must have to be happy in your next home. Is getting that pool the main reason you’re moving? Probably not. It’s more likely a need for more space, a home office, or proximity to loved ones, friends, or work that’s motivating you to make a change. So, if you’re looking to buy a home, take some time to consider what’s truly essential for you in your next house. Make a list of all the features you’ll want to see, and from there, work to break those features into categories. Here’s a great way to organize your list: Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle (examples: distance from work or loved ones, number of bedrooms/bathrooms, etc.). Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of these, it’s a contender (examples: a second home office, a garage, etc.). Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner (examples: a pool, multiple walk-in closets, etc.). Once you’ve categorized it in a way that works for you, discuss your top priorities with your real estate agent. Remember to think carefully about what’s a non-negotiable for your lifestyle and what’s a nice-to-have that’s more of an added bonus. Be sure to discuss where each feature falls with your agent. They’ll be able to help you refine the list further, coach you through the best way to stick to it, and find a home in your area that meets your top needs. Bottom Line Putting together your list of necessary features for your next home might seem like a small task, but it’s a crucial planning step on your homebuying journey today. If you’re ready to find a home that fits your needs, let’s connect. Facebook Twitter Pinterest LinkedIn
