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💡 MORTGAGE INTEREST AND MORTGAGE PAYMENT INCREASE ARE NOT PROPORTIONAL
💰 Do you know that when interest rates for home loan increases, the mortgage payment DOES NOT increase by the same fold? Let's take a 30 year, $500,000 mortgage for example. When interest rate is 3.25%, the monthly payment $2,176,03. W...
WALLPAPER IS BACK!!
Wallpaper was very popular back in the 1920s, 1980s, and it’s making a comeback today. ✨There are different types of wallpaper depending on your commitment levels and wall texture types. ✨You can use it on one wall, half a wall...
📣 Palos Verdes Market Reports 📣
Reports for February 2023 are in. It is not easy to interpret the market just by looking at some average numbers. This is mainly due to low number of transactions and the price range that houses were sold. If you would like to know wha...
📣 The Spring Housing Market Could Be a Sweet Spot for Sellers
🏘 The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. 🏠 The number of homes for sale is up from last year but below pre-pandemic numbers, and that m...
HOW TO COMPENSATE FOR THE RISE IN MORTGAGE RATES?
Mortgage rates have gone up from the all time low of 3% and even 2% range. This impact the purchasing power of a lot of Buyers. Whether you are a Buyer or a Seller, the good news is there are ways to mitigate the effect. The outcome is o...
💡 WHAT DO THE NUMBERS MEAN
🧐 You may have read that real estate sales have dropped and prices are going down. You wonder if you should sell/buy now. What if it is like the last recession when there will be waves of upcoming foreclosures?.... WELL...the picture i...
📣 Avoid the Rental Trap in 2023
🧐 Every renter face an important decision each year: renew the current lease, start a new one, or buy a home. In the past year, both current renters and new renters have seen their rent go up (see graphs). 🚀 The forecast is that r...
📣 Today’s Housing Market Is Nothing Like 15 Years Ago
🧐 There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. The dramatic shift in real estate in the second half of 2022 caused many people to make comparisons to the 2008 housing ...