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Mortgage | The Markarian Realty Home Seller|Home Buyer Guide Blog

Thursday, May 1, 2025   /   by Vic Markarian

What a Recession Really Means for the Housing Market

Talks of a potential recession are making headlines again—and naturally, buyers and homeowners are asking: “Will my home lose value?” “Will mortgage rates spike again?”
Let’s break down what typically happens in the housing market when the economy slows down—and why you may not need to panic.
A Recession Doesn’t Always Equal Falling Prices
Many people assume a recession means home prices will drop, like they did in 2008. But that downturn was unique—and driven by overbuilding, loose lending, and a foreclosure crisis.
In fact, home prices have actually increased in 4 of the last 6 recessions.

As you can see, only 1991 and 2008 saw declines, and 2008 was the real outlier at nearly -20%. Today’s market is very different—inventory is still tight, especially in Los Angeles County. Demand continues to outpace supply, and that’s keeping prices stable or rising in most markets.
So, if you're worried about a cra ...

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Thursday, April 24, 2025   /   by Vic Markarian

What’s Your Home Really Worth? The Answer Might Surprise You

Let’s talk about something most people don’t check nearly as often as their bank account— their home’s value.
But when it comes to your financial health, your home is likely your biggest asset, and it’s been working for you behind the scenes—quietly building wealth. Especially if you’ve owned it for a few years or more, you might be sitting on equity that could open up big opportunities.
So, how much is your house really worth today?
What Is Home Equity and Why Does It Matter?
Home equity is the difference between what your home is worth and what you still owe on your mortgage. It grows two ways:

As you pay down your mortgage

As home values rise

Let’s say your house is worth $500,000, and you owe $200,000 on your loan. That’s $300,000 in equity—and many homeowners in Los Angeles County are in a similar or better position.
In fact, according to Cotality (formerly CoreLogic), the average homeowner with a mortga ...

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Tuesday, March 25, 2025   /   by Vic Markarian

Your Roadmap to Homeownership in Los Angeles

?? Your Roadmap to Homeownership in Los Angeles
Thinking about buying a home in Los Angeles? Whether you're a first-time homebuyer or making a move, navigating the homebuying process can feel overwhelming. Here's a simple roadmap filled with expert tips to help you move from dreaming to owning—stress-free.
1. Assemble Your Dream Team
Start by partnering with a top Los Angeles real estate agent and a trusted mortgage lender. Having the right professionals in your corner makes all the difference.
2. Check Your Credit Score
Lenders will review your score, so check it first. A higher credit score can lead to better mortgage rates and more loan options.
3. Boost Your Savings
Prepare for a down payment, closing costs, and moving expenses. Explore homebuyer assistance programs in California to see if you qualify for financial support.
4. Get Pre-Approved
A mortgage pre-approval helps you understand your budget and shows sellers you're serious when it's time to make an offer.
k ...

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Thursday, March 20, 2025   /   by Vic Markarian

What You Need To Know About Homeowner’s Insurance

Homeowner’s insurance is a must-have to protect what’s probably your biggest investment – your home. And while you never want to think about worst-case scenarios, the right coverage is basically your safety net if something goes wrong. Here’s how it helps you.
Covers Repairs and Rebuilding Costs: If your home is damaged by fire, storms, or other covered events, your policy helps pay for repairs or even a full rebuild.
Protects Your Belongings: Many policies can also cover personal items like furniture, electronics, and clothing if they’re stolen or damaged.
Provides Liability Coverage: If someone gets injured on your property, homeowner’s insurance can help cover medical bills or legal expenses.
In the simplest sense, it gives you peace of mind. Knowing you have protection against unexpected events helps you worry less. And with such a big purchase, having that reassurance is a big deal.
And while your first insurance t ...

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Sunday, March 2, 2025   /   by Vic Markarian

Granada Hills, CA Realtor Encourages Homeowners to Explore Mortgage Forbearance Options Amidst Recent Natural Disasters

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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Markarian Realty Group
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Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 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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