If you need assistance, please call 818-248-8668

Tips To But A Home | The Markarian Realty Guide Blog

Thursday, September 14, 2023   /   by Vic Markarian

What Experts Project for Home Prices Over the Next 5 Years

If you're planning to buy a home, one thing to consider is what experts project home prices will do in the future and how that might affect your investment. While you may have seen negative news over the past year about home prices, they’re doing far better than expected and are rising across the country. And data shows, experts forecast home prices will keep appreciating.
Experts Project Ongoing Appreciation
Pulsenomics polled over 100 economists, investment strategists, and housing market analysts in the latest quarterly Home Price Expectation Survey (HPES). The results show what the panelists project will happen with home prices over the next five years. Here are those expert forecasts saying home prices will go up every year through 2027 (see graph below):If you’re someone who was worried home prices would fall because of stories you’ve read online, here's the big takeaway. Even though home prices vary by local mark ...

  vic markarian realty team, real estate tips, home buyer, home seller, markarian realty team, home buying process, home prices, vic markarian realty, markarian realty, home buying, selling homes, competitiveness, market value, real estate, real estate expertise, pricing strategy, homeownership, housing market 2023, buying a home, for sellers, first time home buyers, tips to but a home, tips to buy a house, for buyers, glendale, housing market updates, how to price your home, what experts project for home prices over the next 5 years

Thursday, September 14, 2023   /   by Vic Markarian

Why Is Housing Inventory So Low?

One question that’s top of mind if you’re thinking about making a move today is: Why is it so hard to find a house to buy? And while it may be tempting to wait it out until you have more options, that’s probably not the best strategy. Here’s why.
There aren’t enough homes available for sale, but that shortage isn’t just a today problem. It’s been a challenge for years. Let’s take a look at some of the long-term and short-term factors that have contributed to this limited supply.
Underbuilding Is a Long-Standing Problem
One of the big reasons inventory is low is because builders haven’t been building enough homes in recent years. The graph below shows new construction for single-family homes over the past five decades, including the long-term average for housing units completed:
For 14 straight years, builders didn’t construct enough homes to meet the historical ...

  vic markarian realty team, real estate tips, home buyer, home seller, markarian realty team, home prices, vic markarian realty, markarian realty, home buying, selling homes, competitiveness, market value, real estate, real estate expertise, buyer's market, pricing strategy, mortgage rates, homeownership, real estate market 2023, housing market 2023, buying a home, for sellers, first time home buyers, pricing, tips to but a home, tips to buy a house, for buyers, los angeles, why is housing inventory so low?

Thursday, August 31, 2023   /   by Vic Markarian

Buyer Traffic Is Still Stronger than the Norm

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.
The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:
As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of year, it's clear buyers are still active. And, they’re actually a lot more active than the norm.
If you’re wondering how this could possibly be true, it’s because buyers are getting used to higher mortgage rates and accepting them as the new reality. As Danielle Hale, Chief Economist, Realtor.com,  ...

  vic markarian realty team, real estate tips, home buyer, home seller, markarian realty team, home buying process, home prices, vic markarian realty, markarian realty, home buying, selling homes, competitiveness, market value, real estate, real estate expertise, buyer's market, pricing strategy, real estate market 2023, homeownership, housing market 2023, buying a home, first time home buyers, for sellers, pricing, tips to but a home, tips to buy a house, for buyers, buyer traffic is still stronger than the norm

Thursday, August 24, 2023   /   by Vic Markarian

Why You Don’t Need To Fear the Return of Adjustable-Rate Mortgages

If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for concern.
Why ARMs Have Gained Popularity More Recently
This graph uses data from the Mortgage Bankers Association (MBA) to show how the percentage of adjustable-rate mortgages has increased over the past few years:
As the graph conveys, after hovering around 3% of all mortgages in 2021, many more homeowners turned to adjustable-rate mortgages again last year. There’s a simple explanation for that increase. Last year is when mortgage rates climbed dramatically. With higher borrowing costs, some homeowners decided to take out this type of loan because traditional borrowing costs were high, and an ARM gave them a lower rate. 
Why Today&rs ...

  vic markarian realty team, real estate tips, home buyer, markarian realty team, home buying process, mortgage, vic markarian realty, markarian realty, home buying, competitiveness, market value, real estate, real estate expertise, buyer's market, mortgage rates, real estate market 2023, housing market 2023, buying a home, tips to but a home, tips to buy a house, first time home buyers, for buyers, selling myths, tips for making your best offer on a home, glendale, los angeles

Thursday, August 17, 2023   /   by Vic Markarian

Where Are People Moving Today and Why?

Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re prioritizing most right now. That information could help you plan your own move.
1. People Are Moving to Cities with Lower Housing Costs
One big factor motivating where buyers are going is affordability and that’s no big surprise. People are relocating to areas that have less expensive housing options. As a result, small cities are thriving. Hannah Jones, Economics Data Analyst at Realtor.com, summarizes why:
“Affordability is still very much front and center . . . a lot of what’s available is outside of the price range of many buyers. . . . s ...

  vic markarian realty team, real estate tips, home buyer, home seller, markarian realty team, home buying process, mortgage, home prices, vic markarian realty, home buying, selling homes, competitiveness, market value, real estate, real estate expertise, buyer's market, mortgage rates, homeownership, real estate market 2023, buying a home, tips to buy a house, first time home buyers, for buyers, for sellers, luxury market, pricing, tips to but a home, where are people moving today and why

Markarian Realty Group
3237 N. Verdugo Rd.
Glendale,, CA 91208
818-248-8668
DRE# CalBRE# 01059771

Based on information from California Regional Multiple Listing Service, Inc. as of October 10, 2024. 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.
This site powered by CINC: www.cincpro.com