Information on the Community and Real Estate

By

Buying A House? Everyone Seems To Think This Is The Time

January 15 2015

Buying A House? Everyone Seems To Think This Is The Time | Simplifying The Market

There are many people deciding on whether to sign a new lease on a rental property or take the dive into homeownership. Every situation is different. However, with rents, home values and mortgage interest rates projected to rise, buying now might make a lot more sense than waiting until next year.

Here are others who seem to agree:

An article at NPR:

“Economists see several reasons why 2015 might be a banner year for homebuying — and not just in San Francisco and Miami.”

An article on Consumer Affairs:

“If you have been thinking about purchasing a home, the first half of 2015 might be a good time.”

An article on Fox Business News:

“As rent increases, it simply makes more sense to buy a home.”

Bottom Line

Buying earlier in the year probably makes more sense than putting off the decision.

Keller Williams Realty 27290 Madison Ave. #200 Temecula, CA 92590
Selling your home? Contact us! (951) 506-5744
Looking for a great home? You can search homes by clicking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park | Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz | Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula | Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton | Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta | North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol | Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside | Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing | Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch | Vintage Hills | Wildomar | Winchester | Winchester Creek | Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

Do You Know How Much Your Home Has Increased in Value?

Last year we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed:

“Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.”

The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report.

Since 2011 home values have increased significantly throughout the country, with prices rising by 5.1% in 2018 alone. When surveyed, homeowners revealed the top four reasons why they felt their homes had increased in value.

  1. Desirable Location
  2. Improved National Economy
  3. Improved Local Economy
  4. Low Home Inventory in My Area

As we can see, not only does the data show that the homes have appreciated, but homeowners also believe they know why. Many have taken advantage of the opportunity to use their newly found equity to sell their current house and move up to their dream home!

2019 will be a good year for the homeowners that still want to take advantage of their home equity! CoreLogic forecasts that home prices will increase by 4.8% by the end of the year.

Bottom Line

If you are a homeowner who would like to find out your current home value, let’s get together to discuss the hidden opportunities in your home!



See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

GoTo www.Home-Sellers-Challenge.com and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!


GoTo www.Find-YourDreamHome.com and learn more about why you should buy your home with Team Olsewski.

Search for a home

Temecula | Murrieta | Menifee | Wildomar | Lake Elsinore | Corona |
French Valley | Canyon Lake | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook



One More Time… You Do Not Need 20% Down to Buy a Home

The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after paying expenses.

In combination with higher rents, survey after survey has shown that non-homeowners (renters and those living rent-free with family or friends) believe they need to save upwards of 20% for their down payment!

According to the “Barriers to Accessing Homeownership” study commissioned in partnership between the Urban Institute, Down Payment Resource, and Freddie Mac, 39% of non-homeowners and 30% of those who already own a home believe they need more than a 20% down payment.

The percentage of those who are aware of low down payment programs (those under 5%) is surprisingly low at 12% for non-homeowners and 13% for homeowners.

In a recent Convergys Analytics report, they found that 49% of renters believe they need at least a 20% down payment.

The median down payment on loans approved in 2018 was only 5%! Those waiting until they have over 20% may already have enough saved to buy now!

There are over 45 million millennials (33%) who are mortgage ready right now, meaning their income, debt, and credit scores would all allow them to qualify for a mortgage today!

Bottom Line

If your five-year plan includes buying a home, let’s get together to determine what it will take to make that plan a reality. You may be closer to your dream than you realize!

Find out more about help for down payments at: https://tomolsewski.downpayment.org/

See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

GoTo www.Home-Sellers-Challenge.com and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!


GoTo www.Find-YourDreamHome.com and learn more about why you should buy your home with Team Olsewski.

Search for a home

Temecula | Murrieta | Menifee | Wildomar | Lake Elsinore | Corona |
French Valley | Canyon Lake | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook

Homeownership Remains a Huge Part of the American Dream

Homeownership Remains a Huge Part of the American Dream | MyKCM

As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices.

This has been great news for sellers as many of them have been able to capitalize on the demand in the market and sell their homes quickly and at a great profit.

One of the big reasons why inventory has remained so low for so long is that an entire generation of home buyers is finally buying! The millennial generation (ages 19-35) has been the driving force behind bidding wars in many areas of the country as they ditch their renter lifestyles and put down roots in new communities.

First American recently released a study entitled “How ‘Renter’ Millennials Will Transform the Housing Market.” In their study, they explained that:

“…As more millennials age into their early-to-mid thirties, and begin to get married, have children and form households, they will continue to be the primary drivers of homeownership demand.”

Because of this, it is safe to say that one aspect of 2019’s housing market that WILL NOT slow down is the demand for housing from young renters who are no longer satisfied living in someone else’s homes.

According to the latest Housing Vacancies and Homeownership Report from the Census Bureau, home buyers under 35 are already out-buying older Americans. The chart below shows the year-over-year change in homeownership rate by those under and over the age of 35.

Homeownership Remains a Huge Part of the American Dream | MyKCM

The national homeownership rate spiked to its highest level in 2004 and then steadily declined until the second quarter of 2016 when it reversed course. Homebuyers under the age of 35 are the reason for that shift.

More than half of the purchase mortgages originated by Fannie Mae and Freddie Mac in 2018 were to first-time homebuyers. In fact,

“according to Census Bureau and First American calculations, over the next 10 years, aging millennials are expected to purchase at least 10 million new homes. By 2060, it is estimated millennials will have produced more than 20 million first-time home buyers.”

Bottom Line

If you are a homeowner who is nervous that the demand for your home will slow, don’t worry! If your home is priced competitively, there will be demand for years to come as this generation of renters is finally able to buy!

See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

GoTo www.Home-Sellers-Challenge.com and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!


GoTo www.Find-YourDreamHome.com and learn more about why you should buy your home with Team Olsewski.

Search for a home

Temecula | Murrieta | Menifee | Wildomar | Lake Elsinore | Corona |
French Valley | Canyon Lake | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook



4 Quick Reasons NOT to Fear a Housing Crash

There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago.

Here are four reasons why today’s market is much different:

1. There are fewer foreclosures now than there were in 2006

A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at a discount and, in many cases, lowered the values of adjacent homes. We are ending 2018 with foreclosures at historic pre-crash numbers – much fewer foreclosures than we ended 2006 with.

2. Most homeowners have tremendous equity in their homes

Ten years ago, many homeowners irrationally converted much, if not all, of their equity into cash with a cash-out refinance. When foreclosures rose and prices fell, they found themselves in a negative equity situation where their homes were worth less than their mortgage amounts. Many just walked away from their houses which led to even more foreclosures entering the market. Today is different. Over forty-eight percent of homeowners have at least 50% equity in their homes and they are not extracting their equity at the same rates they did in 2006.

4 Quick Reasons NOT to Fear a Housing Crash | MyKCM

3. Lending standards are much tougher

One of the causes of the crash ten years ago was that lending standards were almost non-existent. NINJA loans (no income, no job, and no assets) no longer exist. ARMs (adjustable rate mortgages) still exist but only as a fraction of the number from a decade ago. Though mortgage standards have loosened somewhat during the last few years, we are nowhere near the standards that helped create the housing crisis ten years ago.

Here are four reasons why today’s market is much different:

4. Affordability is better now than in 2006

Though it is difficult to afford a home for many Americans, data shows that it is more affordable to purchase a home now than it was from 1985 to 2000. And, it requires much less of a percentage of your income today than it did in 2006.

Bottom Line

The housing industry is facing some rough waters heading into 2019. However, the graphs above show that the market is much healthier than it was prior to the crash ten years ago.

See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

GoTo www.Home-Sellers-Challenge.com and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!


GoTo www.Find-YourDreamHome.com and learn more about why you should buy your home with Team Olsewski.

Search for a home

Temecula | Murrieta | Menifee | Wildomar | Lake Elsinore | Corona |
French Valley | Canyon Lake | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook

Why Houses DO NOT Sell in a Strong Market



See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

We can help you overcome the items listed above that create problems when selling. Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

GoTo www.Home-Sellers-Challenge.com and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!


GoTo www.Find-YourDreamHome.com and learn more about why you should buy your home with Team Olsewski.

Search for a home

Temecula | Murrieta | Menifee | Wildomar | Lake Elsinore | Corona |
French Valley | Canyon Lake | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook



What Makes a House a Home For You?


We frequently talk about why it makes sense to buy a home financially, but more often than not the emotional reasons are the more powerful or compelling ones.

No matter what shape or size your living space is, the concept and feeling of a home can mean different things to different people. Whether it’s a certain scent or a favorite chair, the emotional reasons why we choose to buy our own homes are typically more important to us than the financial ones.

1. Owning your home offers stability to start and raise a family

From the best neighborhoods to the best school districts, even those without children at the time of purchase may have this in the back of their minds as a major reason for choosing the location of the home that they purchase.

2. There’s no place like home

Owning your own home offers you not only safety and security, but also a comfortable place that allows you to relax after a long day!

3. You have more space for you and your family

Whether your family is expanding, an older family member is moving in, or you need to have a large backyard for your pets, you can take all this into consideration when buying your dream home!

4. You have control over renovations, updates, and style

Looking to actually try one of those complicated wall treatments that you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Or maybe you want to finally adopt that puppy or kitten you’ve seen online 100 times? Who’s to say that you can’t do all of these things in your own home?

Bottom Line

Whether you are a first-time homebuyer or a move-up buyer who wants to start a new chapter in your life, now is a great time to reflect on the intangible factors that make a house a home.

See Below if you are thinking about Buying, Selling, or Investing in real estate.

Selling a home

Here are some reports on systems that we use to help a homeowner get up to 18% more when they sell with us:

Get our Maximum Payoff Guide for Sellers as seen on Amazon.com FREE

or go to http://wesellhomesformore.com/ for more information on our selling process and why we sell for more.

Curious about what your home is worth goto http://www.socalhomevaluenow.com/ and find out instantly. This will give you a rough estimate on what your home is worth. For an accurate home value contact me directly for a free home value assessment.

GoTo www.Home-Sellers-Challenge.com and learn more about why you should sell your home with Team Olsewski.

Buying a home

If you are looking to buy a home whether its your 1st or 20th its important to choose the right agent. This decision could cost your thousands of dollars! Go to www.why-buy-with-us.com and see how we can help you!


GoTo www.Find-YourDreamHome.com and learn more about why you should buy your home with Team Olsewski.

Search for a home

Temecula | Murrieta | Menifee | Wildomar | Lake Elsinore | Corona |
French Valley | Canyon Lake | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook

Are We Heading Towards Another Housing Bubble? NO!

One of the causes of the housing bubble 10 years ago was the increase of housing inventory to a 10-12 month supply. This over supply caused prices to fall. Today we have a 4.4 month supply (Nationally but lower in most of Southwest Riverside County) of homes for sale, nowhere near the amount we had pre-bubble! Let’s chat about what that means in our market!

Thinking about buying http://www.find-temeculahomes.com/ or curious about your homes value http://www.temecularealestatevalue.com/ Looking for someone to help sell your home? Find out more here http://home-sellers-challenge.com/ Please like our page if you found this information helpful.

 

Temecula Market Update September 2018

 

Here is the September 2018  Temecula Market Update. Is it a good time to sell? Is it a sellers or is it buyers market? Is the market going to crash? Are home values going up? Just a few of the area facts you will find out watching this video. Thinking about buyinghttp://www.find-temeculahomes.com/ or curious about your homes value http://www.temecularealestatevalue.com/ Looking for someone to help sell your home? Find out more here http://home-sellers-challenge.com/ Please like our page if you found this information helpful.

Open House Sat 8/22 from 12 to 4pm

29810 Cottonwood Cove, Menifee, CA

Price Reduced

$ Click for current price
3 BEDROOMS | 2 (2 full ) BATHROOMS | 1979 SQUARE FEET

Welcome to this Single story home in a great location within the gated community of Tierra Shores. Tierra Shores is situated adjacent to the very popular Menifee Lake communities and very close to shopping! The home offers 3 bedrooms, 2 bath, with a two car garage. This beautifully upgraded home features dark cabinets and granite counters. There is a desk area located in the kitchen and a dining room just off the family room. Indoor laundry is located just inside the 2 car garage. Each room is nicely sized and includes ceiling fans and blinds. The master bedroom features a nice walk in closet. The backyard is an entertainers dream and has been nicely landscaped and has a new patio cover, the yard is low maintenance. There is no one behind and is right next to a grassy park great for kids or pets to run around. Short walk to a kids tot lot.  Tierra Shores is an exclusive, private, gated neighborhood all of the family will enjoy. Within you’ll find a tranquil lake, tot-lots and parks, picnic areas, a large community pool with spa, clubhouse, walking paths and more! Growing area of Menifee has lots to offer with lots of options for shopping and dining nearby!

©2016 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residential Brokerage office is owned by a subsidiary of NRT LLC. Coldwell Banker® and the Coldwell Banker Logo, Coldwell Banker Previews International® and the Coldwell Banker Previews International Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. Broker does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, and the buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals.