Buying Homes Tips
California Housing Market Forecast 2018
California Housing Market Forecast 2018
With the economy expected to continue growing, housing demand should remain strong and incrementally boost California’s housing market in 2018, though a shortage of available homes for sale and affordability constraints will be a challenge, according to the 2018 California Housing Market Forecast, released by California Association of Realtors (C.A.R.).
“Solid job growth and favorable interest rates will drive a strong demand for housing next year,” said C.A.R. President Geoff McIntosh. “However, a persistent shortage of homes for sale and increasing home prices will dictate the market as housing affordability diminishes for buyers struggling to get into the market.”
- The forecast sees a modest gain in existing single-family home sales of 1.0% next year, up slightly from the projected sales figure of 421,900 units for 2017. The 2017 figure is 1.3% higher compared to 2016.
- The average for 30-year, fixed mortgage interest rates will increase slightly to 4.3% in 2018, up from 4.0% in 2017 and 3.6% in 2016, but still will remain low by historical standards.
- The California median home price is forecast to increase 4.2% to $561,000 in 2018, following a projected 7.2% increase in 2017 to $538,500.
All information deemed reliable but not guaranteed. Taken from CAR.org 10/17/17
Be The Good, Buying or Selling the Temecula Valley
Please join our “Be The Good” campaign
by buying or selling real estate with us. You choose from the organizations listed below where 5%* of our earned commissions will be sent. It’s that simple. We are already supporting these great non-profits (and others) but together we can do more!
Rancho Damacitas (951) 302-2317 Our local foster care home(s) with children and family services with a powerful new branch called Project Independence for youth transitioning into adulthood
Michelle’s Place (951) 699-5455 Our local breast cancer resource center
Project Touch (951) 677-9661 Our local homeless and emergency shelter group
Samaritan’s Purse A global humanitarian relief organization
Community Mission of Hope (951) 444-1404 Helping families and individuals in need with food and hygiene items, as well as financial counseling. Partners with the City of Temecula and the The Temecula Food Pantry.
Gary and April Greer have been connecting qualified Buyers and Sellers in the Temecula Valley since 1998…they are just a quick call, text or email away at 951-522-0518 or april@teamgreer.com
*cannot be offered on corporate or professional referrals.
First Question to Ask When Buying or Selling a Home
IS THIS YOUR FULL TIME PROFESSION?
For some reason a lot of folks get into “Real Estate” because they think they can work a few weekends and make a quick buck- and this is so far from the truth it’s dangerous.
Buying or selling a home worth hundreds of thousands of dollars should not get squeezed in between your agent’s day job. Do yourself a huge favor and pick a professional that is in the trenches every day, knows what’s going on and can represent you in a full time capacity.
Full time Realtors are more likely to have aligned themselves with a Broker that has expectations and accountability standards. A mover and shaker brand (like Century 21) that takes it success global.
A full time Realtor is more likely to have more experience, more training, attend sales meetings, maintain respectful relationships with their peers and most importantly will have the time available to either find you that great home or market the home you have to it’s highest and best price.
You deserve nothing less!
And by the way…Gary and I are full time professional Realtors! Email us at april@teamgreer.com for our
“Buyer’s Guide and Introduction” or “Pre-Listing Introduction” both handouts include our resume for 17+ years local experience in the Temecula Valley including Wildomar, Murrieta, Menifee, Hemet, Lake Elsinore and Winchester.
