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Some Highlights

  • In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.

  • When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”

  • Today’s housing market is healthy, and rising prices are driven by real buyer demand. Contact a local real estate professional to learn the best ways to navigate such an energetic market.

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Kevin Budde of Monarch Coast Financial shares his recent "Real Estate Talking Points" where he gives weekly market updates on the latest real estate headline news. 


This week Kevin's key points are: 


  • In Orange County, existing single family home sales were up 7.3% from February 2020 and the median home price was existing $995,000.

  • Redfin reported home sales prices in February rose more than they have during any month since July 2013

  • Mortgage bankers association estimated 2.6 million U.S. homeowners are in forbearance

  • 30-year fixed rate mortgages averaged 3.09%

  • 15-year fixed rate mortgages averaged 2.40%

 

Kevin A. Budde

President

CA DRE 00831552 
NMLS 325450


949-784-0397 Office
949-422-2075 Mobile

kbudde@monarchcoastfinancial.com

www.monarchcoastfinancial.com 

20151 SW Birch St., Ste. 230, Newport Beach, CA 92660




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Some Highlights

  • Today’s home price appreciation is driving equity higher throughout the country.
  • If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move.
  • Now is a great time to put your equity toward a down payment on the home of your dreams.
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Some Highlights:

  • With so few homes available to buy today, houses are in high demand, and they’re selling fast.

  • That means it’s a great time to sell if you’re ready to make a move.

  • Reach out to a local real estate professional to make sure your house is ready for a top-dollar sale this spring. It may be closer than you think!

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Some Highlights

  • Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community.
  • Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire.
  • If you’re ready to fall in love with a home of your own, please contact me to get you started on the path to homeownership.
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Zillow predicts 21% increase in home sales, the most recorded since 2005


Zillow’s 2021 housing forecast echoes the projections of other industry experts for an acceleration of home sales and home value appreciation, with numbers anticipated to be even higher than in 2020.


According to Zillow’s Home Value Index, the company expects seasonally adjusted home values to increase by 3.7% from December 2020 to March 2021, and by 10.5% through December 2021. It also predicts home value appreciation to peak in June 2021 at 13.5%.


In fact, the company has already upped its December 2020 forecast: Zillow initially expected a 10.3% increase in home values through November 2021.


Approximately 5.6 million existing homes were sold in 2020, a 5.3% increase from 2019, according to officials. Zillow predicts 6.82 million existing home sales in 2021, the most recorded in a single calendar year since 2005 and a 21.1% increase from 2020.


Quarterly Zillow Home Value Index...

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