Thursday, April 24, 2025 / by Vic Markarian
You’ve likely heard this before: “The best time to buy a home was yesterday. The second best time is today.”
And while that sounds like a cliché, it holds a lot of truth—especially in today’s market. Homeownership isn’t about perfectly timing the market, it’s about time in the market. The longer you wait, the more you may end up paying.
Home Prices Are Projected To Keep Rising
Over 100 leading housing experts contribute to the Home Price Expectations Survey every quarter—and they all agree: Home values will keep rising through at least 2029.
Even though we’re past the rapid price spikes of 2021–2022, a steady growth of 3–4% per year is expected—a healthy, sustainable pace. And here in Los Angeles County, especially in hot zones like Glendale, Pasadena, and Burbank, local demand will likely keep prices trending upward.
Waiting Could Cost You—Literally
You might be thinking about waiting fo ...
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Thursday, March 13, 2025 / by Vic Markarian
Buying your first home is exciting, but let’s be real – it can also feel overwhelming. It’s a big step, and with that comes plenty of questions. Am I making the right decision? Can I really afford this right now? Will I be able to make ends meet if I have unexpected repairs? What if I lose my job?
Here’s the thing: every first-time homebuyer has these thoughts.
The homebuying process has always been a mix of excitement and nerves, and that’s completely normal. Here's some information that can give you a bit of perspective, so you don’t have these concerns.
Focus on What You Can Control
Since homeownership is new to you, you’re probably feeling like it’s hard to know what to budget for. And that can be a bit scary. You’ll have the mortgage, home insurance, and maintenance to think about – maybe even lawn care or homeowner’s association (HOA) fees. It’s easy to let the dollar signs be overwhelming. Ask ...
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Sunday, March 2, 2025 / by Vic Markarian
Recent natural disasters have left many homeowners in Granada Hills, CA, and surrounding areas facing financial uncertainty. For those struggling to keep up with mortgage payments, Vic Markarian, a top local real estate expert, is encouraging homeowners to explore mortgage forbearance as a valuable relief option.
What is Mortgage Forbearance?
Mortgage forbearance allows homeowners to temporarily reduce or pause their mortgage payments during financial hardship. This option can be crucial for those affected by recent disasters, providing much-needed relief while they recover.
How Homeowners Can Benefit from Forbearance
According to Vic Markarian, a trusted real estate professional with over 30 years of experience, homeowners should immediately contact their mortgage lenders to discuss available forbearance programs. Lenders often provide temporary payment relief, ensuring homeowners don’t fall into foreclosure while recovering from unexpected challenges.
"Many homeowners k ...
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Thursday, February 27, 2025 / by Vic Markarian
Are you having a hard time finding the right home in your budget? Or maybe you already own a home but could use some extra income or a designated space for aging loved ones. Either way, accessory dwelling units (ADUs) could be the smart solution you’ve been looking for in today’s market.
What Is an ADU?
According to Fannie Mae, an ADU is a small, separate living space that’s on the same lot as a single-family home. It must include its own areas for living, sleeping, cooking, and bathrooms independent of the main house. And they can take shape in a few different ways. Fannie Mae adds, an ADU can be:
Within a main home, such as a basement apartment
Attached to a main home, such as a living area over a garage
Detached from the home entirely; it could even be a manufactured home
The Benefits of ADUs
ADUs are growing in popularity as more people discover why they’re so practical. In fact, a recent surk ...
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Thursday, February 20, 2025 / by Vic Markarian
After years of suburban and rural migration during the pandemic, cities have been making a comeback in the past couple of years. According to the National Association of Realtors (NAR), the percentage of people moving to cities has risen to 16%. While that may not sound like a big number to you, it is the highest level in a decade – and that’s a big deal (see graph below):
And data from BrightMLS seems to confirm this trend. In a recent survey, 1 in 5 (20.6%) people looking to buy say they want to live in the city.
So, what’s behind this ongoing shift back to urban living? Let’s break down the top three reasons why people are trading quiet suburbs for bustling cityscapes. You may find out you want to sell your house with a big yard and move to an urban oasis, too.
1. Vibrant Culture
Cities have always been hubs of culture, entertainment, and community. They’re packed with energy and there are always endles ...
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