Here are 7 great tips from California Association of Realtors to keep your home safe especially if your house is listed for sale.
By Cicely Wedgeworth
We’ve predicted a slight slowdown for the U.S. real estate market next year, but the realtor.com® economic team is forecasting that most of the nation’s hottest markets are going to keep blazing in 2017. And where will it be hottest? Head west! According to our forecasts, the western U.S. will continue to lead the nation in prices and sales.
“The top 10 markets all benefit from strong growth dynamics: population, jobs, and households,” says Jonathan Smoke, realtor.com’s chief economist, who analyzed the country’s 100 largest metropolitan markets for their growth potential. “They all have low unemployment that’s heading lower, which buoys consumer confidence.”
WASHINGTON (December 21, 2016) — A big surge in the Northeast and a smaller gain in the South pushed existing-home sales up in November for the third consecutive month, according to the National Association of Realtors®.
Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.7 percent to a seasonally adjusted annual rate of 5.61 million in November from a downwardly revised 5.57 million in October. November's sales pace is now the highest since February 2007 (5.79 million) and is 15.4 percent higher than a year ago (4.86 million) .
As the holiday season rolls in, Santa Barbara County residents will have plenty of opportunities to get into the spirit beginning with several events this weekend.
From gingerbread creations, annual happenings, holiday carols to tree lighting ceremonies, the area is buzzing with activities.
Now through Dec. 30
» Snowflakes fall on Paseo Nuevo in downtown Santa Barbara nightly at 6 p.m. and 7 p.m. Set to holiday music, the show takes place at Center Court. The “Let it Snow” event will not take place on Dec. 25.
Now through Dec. 24
» Santa Claus and his elves will set up shop and host a meet-and-greet in Paseo Nuevo’s Center Court from 11 a.m. to 8 p.m. Monday to Saturday, and 11 a.m. to 7 p.m. Sunday. Photo packages are priced starting at $23. Every child will receive a free gift. Children with special needs are welcome to join at 9 a.m. through Dec. 12. Tuesday nights are geared towards family photos with furry friends from 5 p.m. to 8 p.m. through Dec. 20.
The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase. In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000.
This will be the first increase in the baseline loan limit since 2006. In higher-cost areas, higher loan limits will be in effect.
The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each year to reflect the changes in the national average home price.
The days of multiple bids and offers that are typically way higher than a home’s asking price—you know, that stuff that we now consider to be normal in the housing biz—aren’t expected to disappear any time soon. But here’s the good news: Things aren’t expected to get too much worse in 2017 either.
Rising mortgage rates as well as a dearth of affordable, existing homes (i.e., previously lived-in residences) on the market are expected to lead to a smaller increase in sales in 2017, according to the latest quarterly survey from the National Association of Realtors®.
A Welcoming Curb Appeal
Maintain a polished look by keeping gutters clean and shrubs trimmed. Be sure to also remove any hazards by shoveling, sanding, and removing any ice or snow from the driveway, walkways, and sidewalks. To engage buyers on a gloomy day, keep the front porch well lit, use potted evergreens or berry branches, a wreath on the door, lanterns, and a seasonal welcome mat.
Simple and Elegant Holiday Decor
Do not overdo! Buyers want to see the home’s permanent features and a fireplace or window covered with too many ribbons and stockings will distract from key focal points. Instead, incorporate elegant finishing touches such as mercury glass votives and ornaments for some sparkle paired with candles, pine cones, berries and twigs
According to California's Association of Realtors 35% of people buying houses are first-time homebuyers. The typical age of a buyer is 44 years old. Married couples make up the largest percent of home buyers in 2016 with a total of 66%. Read more below!
Hosting Thanksgiving dinner, especially if you've never done it before, can be a bit stressful. Making sure the house is presentable and the food is warm and tasty is no small feat, so to make sure everything gets done in time, planning is key.
Even if you're a go-with-the-flow kind of person, this is the one time of year that you might want to consider mapping out a good game plan so you can actually enjoy the big holiday! Here is your 10-day Thanksgiving countdown — a timeline of what to do from next week until the big day!
10 Days Before Thanksgiving: The Plan
8 Days Before Thanksgiving: Make Your Lists
The Weekend Before Thanksgiving: Start Cooking
Monday or Tuesday of Thanksgiving Week: Shop!
The Day Before Thanksgiving
4 Hours Before Thanksgiving Dinner
2 Hours Before Thanksgiving Dinner
1 Hour Before Thanksgiving Dinner
Right Before Thanksgiving Dinner
Market insights, real estate trends, buying tips, and selling strategies for the Santa Barbara and Montecito region.