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Competitiveness | The Markarian Realty Guide Blog

Wednesday, December 11, 2024   /   by Vic Markarian

What Will It Take for Prices To Come Down?

You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that's not what's in the cards – and here's why.
There are more people who want to buy a home than there are homes available to purchase. That’s what drives prices up.
Let’s break that down and explore why, nationally, home prices aren’t going to be coming down anytime soon.
Prices Depend on Supply and Demand
The housing market works like any other market – when demand is high and supply is low, prices rise.
According to the latest estimates, the U.S. is facing a housing shortfall of several million homes. That means there are far more people looking to buy (demand) than there are homes for sale (supply). That mismatch is the key reason why prices won’t fall at the national level. As David Childers, President of Keep ...

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Wednesday, December 11, 2024   /   by Vic Markarian

Why More Sellers Are Hiring Real Estate Agents

Putting your house for sale on your own – often called “For Sale by Owner” or FSBO – might be on your mind. But you should know that it gets complicated very quickly, especially in today’s complex market.
That’s why data from the National Association of Realtors (NAR) shows a record low number are going the route of selling on their own.
Instead, more and more homeowners are choosing to work with a real estate agent (see graph below):
And here’s why partnering with an expert is the go-to choice. Selling your home is a big deal, and while FSBO might seem like a way to save time or money, it comes with a lot of responsibilities.
The selling process requires setting the right price, navigating a growing amount of legal paperwork, and creating a solid strategy to attract buyers. And going it alone often means taking on more than you bargained for.
Let’s look at two big reasons why working with a pro can make all the ...

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Thursday, November 14, 2024   /   by Vic Markarian

Top Realtor Agent in Granada Hills, CA, Helps Thousands of Renters Become Homeowners Over 34-Year Career

Granada Hills, CA – For over three decades, Vic Markarian has dedicated his career to transforming the lives of countless renters into proud homeowners. Drawing from personal experience, Vic recalls a pivotal moment from his childhood. “I remember my mom saying we were wasting our money on rent,” he says. This lesson inspired him to help others avoid the same fate.
In a market where annual rent increases are the norm, many renters unknowingly funnel hundreds of thousands of dollars into their landlords’ pockets over a decade. Vic emphasizes the advantages of homeownership: “When you purchase a property, you secure a fixed monthly payment for 10 or 30 years. Not only that, but you can also enjoy potential yearly tax deductions, and every monthly payment contributes to building equity.” As a top real estate agent in Granada Hills, CA, Vic makes sure his clients understand this crucial aspect.
Many families are unaware that owning a multi- ...

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Thursday, November 14, 2024   /   by Vic Markarian

Should You Sell Your House or Rent It Out?

Should You Sell Your House or Rent It Out?
When it’s time to move, deciding what to do with your current home is a big decision. Many homeowners today are considering renting out their property, but is that the right move for you? Here’s a breakdown to help you decide.
Is Your House a Good Fit for Renting?
Think about whether your home would make a good rental. For example, managing maintenance from a distance can be difficult, especially if your property needs frequent repairs. Some homes and neighborhoods may not be ideal for rentals, and if the house requires significant work, selling could be a more practical choice.
Are You Prepared for the Realities of Being a Landlord?
Being a landlord involves more than collecting rent. It’s a hands-on role that can be challenging and time-consuming. You might have to deal with middle-of-the-night maintenance calls or the need for repairs before a new tenant moves in. There’s also the financial risk if tenants mis ...

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Thursday, November 7, 2024   /   by Vic Markarian

What To Look For From This Week’s Fed Meeting

You may be hearing a lot of talk about the Federal Reserve (the Fed) and how their actions will impact the housing market right now. Here’s why.
The Fed meets again this week to decide the next step with the Federal Funds Rate. That's how much it costs banks to borrow from each other. Now, that’s not the same thing as setting mortgage rates, but mortgage rates can be influenced through this process. And if you’re thinking about buying or selling a home, you may be wondering about the downstream impact and when mortgage rates will come down.
Here’s a quick rundown of what you need to know to help you anticipate what’ll happen next. The Fed’s decisions are guided by these three key economic indicators:
The Direction of Inflation
How Many Jobs the Economy Is Adding
The Unemployment Rate
Let’s take a look at each one.
1. The Direction of Inflation
You’ve likely noticed prices for everyday goods and serv ...

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Based on information from California Regional Multiple Listing Service, Inc. as of February 10, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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