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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:
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Team Olsewski can also be found through these media:

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.

185 Nightfall, San Jacinto, CA

OPEN HOUSE September 09, Sunday 12:00 PM – 4:00 PM

$ Click for current price
4 BEDROOMS | 2 (2 full ) BATHROOMS | 2087 SQUARE FEET

Beautifully remodeled 4 bed, 2 bath, 3 car garage home.  Enter to living room/formal dining, separate family room with gorgeous fireplace off kitchen, kitchen island/breakfast bar, upscale granite counters in kitchen and baths. New microwave and range, stainless steel appliances.  Master bedroom has spacious walk in closet.  Dual sinks in master bath.  New flooring throughout, updated electrical switches, LED lighting, new ceiling fans in every bedroom and family room.  New cordless blinds throughout. New paint inside and out.  New landscape.  Solar Tube.  New water heater.  Keyless entry front door.  Really too many upgrades to mention. Move in ready.

©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.

29810 Cottonwood Cove Dr, Menifee CA

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 now 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.

Temecula Market Update June 2018

 

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.

Text Sell to 951-395-8057 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!

Text Buy to 951-395-8057 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 | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook

Southwest Riverside County Fireworks Schedule 2018

TEMECULA, CA – Are you looking to catch a July 4th fireworks show, parade or festival this year?

Check out the town-by-town listings below of Independence Day celebrations and events for 2018 throughout Temecula, the Riverside County region and nearby:

———–

TEMECULA:

JULY 4: Star-Spangled 4th Of July Parade. In Old Town with floats, bands and marchers.

  • Old Town Temecula, 41000 Main Street, Temecula, CA 92590
  • 10 a.m. – 11 a.m.

JULY 4: 4th of July Fun & Fireworks. A Temecula tradition.

  • Ronald Reagan Sports Park, 30875 Rancho Vista Road, Temecula, CA 92592
  • 2 p.m. – 10 p.m.

JULY 7: Post-July 4th Fireworks 2018: Pechanga Resort & Casino. A grand, patriotic display

  • NOTE DATE: July 7.
  • Pechanga Resort & Casino, 45000 Pechanga Pkwy., Temecula, California 92592
  • 9 p.m.

——-

ALSO NEARBY:

BEAUMONT:

JULY 4: 4th of July Freedom Festival & Fireworks. Musical entertainment starts at 5 p.m. 

  • Stewart Park, 9th Street and Orange Avenue, Beaumont, CA
  • Admission free.

——–

BIG BEAR LAKE:

JULY 4: July 4th Independence Day Faire . “Bounce house, arts & crafts, face painting, contests and a variety of tasty treats.”

  • Big Bear Lake Convention Center, 42900 Big Bear Blvd., Big Bear Lake, CA 92315
  • 10 a.m. – 5 p.m.

JULY 4: 2018 Rotary Club 4th Of July BBQ & Fireworks. Tasty food with excellent view of fireworks show.

  • Marina Resort, 40770 Big Bear Blvd., Big Bear Lake, CA 92315
  • Tickets from $20 to $100.

——–

COACHELLA:

JULY 1: Independence Day Fireworks & Celebration . Music, food vendors, carnival rides, games & more.

  • NOTE DATE: July 1.
  • Bagdouma Park, 51711 Douma St, Coachella, California 92236

———–

CORONA:

JULY 4: July 4th Parade, Concert, Fest & Fireworks . Parade at 9 a.m. Festival at 5 p.m. Fireworks at dusk.

  • Parade: Main Street north to Olive Street.
  • Park festival: Santana Regional Park, 598 Santana Way, Corona, CA 92881

———-

HIGHLAND:

JULY 4: 4th Of July Car Show, Family Fest & Fireworks. Multiple fun zones & live entertainment.

  • Immanuel Baptist Church campus, 28355 Base Line, Highland, CA 92346
  • Begins at 6 p.m.

———

IDYLLWILD:

JULY 4: 4th Of July Parade. “It’s the best small town parade west of the Rockies celebrating America’s Independence Day.”

———-

INDIO:

JULY 3: Fireworks 2018: Eagle Falls Golf- Fantasy Springs. Free fireworks show from Eagle Falls Golf Course.

  • NOTE DATE: July 3.
  • Eagle Falls Golf Course, 84245 Indio Springs Dr, Indio, California 92203
  • Courtesy of Cabazon Band of Mission Indians and Fantasy Springs Resort Casino
  • 8:45 p.m.

———

LAKE ARROWHEAD:

JULY 4: July 4th Free Concerts & Fireworks. Country-rock & Neil Diamond tribute concerts, plus fireworks.

  • Lake Arrowhead Village, 28200 CA-189, Lake Arrowhead, CA 92352
  • 1 p.m. to 9 p.m.

———

LAKE ELSINORE:

JULY 4: 4th Of July Party In The Park. Music, games & kids’ bike parade.

  • Summerly Park, 18505 Malaga Road, Lake Elsinore, CA
  • 9 a.m. to 1 p.m.

JULY 4: July 4th Fireworks Extravaganza. Not to be missed!

  • Lake Elsinore, CA – Fireworks 9 p.m. from the T-Peninsula.
  • Fireworks, too, after Storm game.

———

MENIFEE:

JUNE 30: Independence Day Parade, Fest & Fireworks . Food vendors, beer garden & entertainment.

  • NOTE DATE: June 30.
  • Wheatfield Park, 30627 Menifee Rd, Menifee, CA 92584
  • 4 p.m. – 9 p.m.

———-

MORENO VALLEY:

JULY 4: July 4th Parade, Family FunFest & Fireworks. Includes community parade.

  • Parade: 9:30 a.m.
  • Family FunFest: Gates open at 2 p.m.; entertainment begins at 4 p.m.
  • Fireworks Extravaganza – 9 p.m.

———-

MURRIETA:

JUNE 30: City’s 27th Birthday Bash, Music & Fireworks. Music tributes to CCR & Neil Diamond, too!

  • NOTE DATE: June 30.
  • Cal Oaks Sports Park, 40550 California Oaks Rd, Murrieta, California 92562
  • 2 p.m. – 9 p.m.

——-

PALM DESERT:

JULY 4: 4th Of July Concert & Fireworks . Swing Cats Big Band will perform before fireworks display. 

  • Civic Center Park, 43900 San Pablo Ave, Palm Desert, CA 92260
  • Concert 7:30 p.m.
  • Fireworks 9 p.m.

——-

PALM SPRINGS:

JULY 4: 4th Of July Celebration & Fireworks . Family-friendly party with music & games at the pool.

  • Palm Springs Swim Center, 405 S. Pavilion Way, Palm Springs, CA
  • 2 p.m. until fireworks end.

——–

REDLANDS:

JULY 4: 4th of July Parade, Fest & Fireworks . Parade, live music, flyovers & fireworks.

  • 9 a.m. – 10 p.m.
  • Sylvan Park, 601 N University St., Redlands, CA 92374
  • Ted Runner Stadium, 1200 E. Colton Ave., Redlands, CA 92374

———-

RIVERSIDE:

JULY 4: July 4th Fireworks 2018: Evergreen Memorial Cemetery. View Mt. Rubidoux fireworks at cemetery. Huge family festival planned.

  • Evergreen Memorial Historic Cemetery, 14th Steet between Pine Street & Redwood Drive, Riverside, CA 92501
  • 5 p.m. – 9:30 p.m.

———

SAN JACINTO:

JULY 4: 4th Of July Parade & Street Festival. Music, food, vendors & entertainment.

  • Main Street, Downtown San Jacinto, CA
  • 9 a.m. – 1 p.m.

———

TWENTYNINE PALMS:

JULY 4: 4th Of July Celebration & Fireworks. Obstacle courses, balloon artists, concert, food, beer & water fun!

  • Victory Field, MCCS Twentynine Palms, California 92278
  • 5 p.m. – 10 p.m.

——

ALSO SEE: Summer Fun Activity Guide: Riverside County 2018

 

TEMECULA, CA – Are you looking to catch a July 4th fireworks show, parade or festival this year?

Check out the town-by-town listings below of Independence Day celebrations and events for 2018 throughout Temecula, the Riverside County region and nearby:

———–

TEMECULA:

JULY 4: Star-Spangled 4th Of July Parade. In Old Town with floats, bands and marchers.

  • Old Town Temecula, 41000 Main Street, Temecula, CA 92590
  • 10 a.m. – 11 a.m.

JULY 4: 4th of July Fun & Fireworks. A Temecula tradition.

  • Ronald Reagan Sports Park, 30875 Rancho Vista Road, Temecula, CA 92592
  • 2 p.m. – 10 p.m.

JULY 7: Post-July 4th Fireworks 2018: Pechanga Resort & Casino. A grand, patriotic display

  • NOTE DATE: July 7.
  • Pechanga Resort & Casino, 45000 Pechanga Pkwy., Temecula, California 92592
  • 9 p.m.

——-

ALSO NEARBY:

BEAUMONT:

JULY 4: 4th of July Freedom Festival & Fireworks. Musical entertainment starts at 5 p.m. 

  • Stewart Park, 9th Street and Orange Avenue, Beaumont, CA
  • Admission free.

——–

BIG BEAR LAKE:

JULY 4: July 4th Independence Day Faire . “Bounce house, arts & crafts, face painting, contests and a variety of tasty treats.”

  • Big Bear Lake Convention Center, 42900 Big Bear Blvd., Big Bear Lake, CA 92315
  • 10 a.m. – 5 p.m.

JULY 4: 2018 Rotary Club 4th Of July BBQ & Fireworks. Tasty food with excellent view of fireworks show.

  • Marina Resort, 40770 Big Bear Blvd., Big Bear Lake, CA 92315
  • Tickets from $20 to $100.

——–

COACHELLA:

JULY 1: Independence Day Fireworks & Celebration . Music, food vendors, carnival rides, games & more.

  • NOTE DATE: July 1.
  • Bagdouma Park, 51711 Douma St, Coachella, California 92236

———–

CORONA:

JULY 4: July 4th Parade, Concert, Fest & Fireworks . Parade at 9 a.m. Festival at 5 p.m. Fireworks at dusk.

  • Parade: Main Street north to Olive Street.
  • Park festival: Santana Regional Park, 598 Santana Way, Corona, CA 92881

———-

HIGHLAND:

JULY 4: 4th Of July Car Show, Family Fest & Fireworks. Multiple fun zones & live entertainment.

  • Immanuel Baptist Church campus, 28355 Base Line, Highland, CA 92346
  • Begins at 6 p.m.

———

IDYLLWILD:

JULY 4: 4th Of July Parade. “It’s the best small town parade west of the Rockies celebrating America’s Independence Day.”

———-

INDIO:

JULY 3: Fireworks 2018: Eagle Falls Golf- Fantasy Springs. Free fireworks show from Eagle Falls Golf Course.

  • NOTE DATE: July 3.
  • Eagle Falls Golf Course, 84245 Indio Springs Dr, Indio, California 92203
  • Courtesy of Cabazon Band of Mission Indians and Fantasy Springs Resort Casino
  • 8:45 p.m.

———

LAKE ARROWHEAD:

JULY 4: July 4th Free Concerts & Fireworks. Country-rock & Neil Diamond tribute concerts, plus fireworks.

  • Lake Arrowhead Village, 28200 CA-189, Lake Arrowhead, CA 92352
  • 1 p.m. to 9 p.m.

———

LAKE ELSINORE:

JULY 4: 4th Of July Party In The Park. Music, games & kids’ bike parade.

  • Summerly Park, 18505 Malaga Road, Lake Elsinore, CA
  • 9 a.m. to 1 p.m.

JULY 4: July 4th Fireworks Extravaganza. Not to be missed!

  • Lake Elsinore, CA – Fireworks 9 p.m. from the T-Peninsula.
  • Fireworks, too, after Storm game.

———

MENIFEE:

JUNE 30: Independence Day Parade, Fest & Fireworks . Food vendors, beer garden & entertainment.

  • NOTE DATE: June 30.
  • Wheatfield Park, 30627 Menifee Rd, Menifee, CA 92584
  • 4 p.m. – 9 p.m.

———-

MORENO VALLEY:

JULY 4: July 4th Parade, Family FunFest & Fireworks. Includes community parade.

  • Parade: 9:30 a.m.
  • Family FunFest: Gates open at 2 p.m.; entertainment begins at 4 p.m.
  • Fireworks Extravaganza – 9 p.m.

———-

MURRIETA:

JUNE 30: City’s 27th Birthday Bash, Music & Fireworks. Music tributes to CCR & Neil Diamond, too!

  • NOTE DATE: June 30.
  • Cal Oaks Sports Park, 40550 California Oaks Rd, Murrieta, California 92562
  • 2 p.m. – 9 p.m.

——-

PALM DESERT:

JULY 4: 4th Of July Concert & Fireworks . Swing Cats Big Band will perform before fireworks display. 

  • Civic Center Park, 43900 San Pablo Ave, Palm Desert, CA 92260
  • Concert 7:30 p.m.
  • Fireworks 9 p.m.

——-

PALM SPRINGS:

JULY 4: 4th Of July Celebration & Fireworks . Family-friendly party with music & games at the pool.

  • Palm Springs Swim Center, 405 S. Pavilion Way, Palm Springs, CA
  • 2 p.m. until fireworks end.

——–

REDLANDS:

JULY 4: 4th of July Parade, Fest & Fireworks . Parade, live music, flyovers & fireworks.

  • 9 a.m. – 10 p.m.
  • Sylvan Park, 601 N University St., Redlands, CA 92374
  • Ted Runner Stadium, 1200 E. Colton Ave., Redlands, CA 92374

———-

RIVERSIDE:

JULY 4: July 4th Fireworks 2018: Evergreen Memorial Cemetery. View Mt. Rubidoux fireworks at cemetery. Huge family festival planned.

  • Evergreen Memorial Historic Cemetery, 14th Steet between Pine Street & Redwood Drive, Riverside, CA 92501
  • 5 p.m. – 9:30 p.m.

———

SAN JACINTO:

JULY 4: 4th Of July Parade & Street Festival. Music, food, vendors & entertainment.

  • Main Street, Downtown San Jacinto, CA
  • 9 a.m. – 1 p.m.

———

TWENTYNINE PALMS:

JULY 4: 4th Of July Celebration & Fireworks. Obstacle courses, balloon artists, concert, food, beer & water fun!

  • Victory Field, MCCS Twentynine Palms, California 92278
  • 5 p.m. – 10 p.m.

——

ALSO SEE: Summer Fun Activity Guide: Riverside County 2018

 

Who do you know looking for a Reduced – Sun city 55+ home

25891 Plum Hollow, Menifee, CA

Price Reduced

$ Click for current price
2 BEDROOMS | 2 (2 full ) BATHROOMS | 1298 SQUARE FEET

Turnkey single family 55+ corner lot home ready for immediate move-in! Recently updated with large tile throughout the home. New furnace and AC system. The kitchen has nice ceramic tile counter tops and the bathrooms have been updated with tile shower enclosures. This home has an enclosed sun room that could be used as a separate dining area, laundry room and small office area. Ceiling fans in Living room and both large bedrooms. Adorable neighborhood with low HOA and close to everything. Lots to do in the community see website for additional pictures and list of current activities.

©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.

What If I Wait Until Next Year to Buy a Home?

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.2% over the next 12 months.

What Does This Mean as a Buyer?

If home prices appreciate by 5.2% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

Bottom Line

If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

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.

Text Sell to 951-395-8057 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!

Text Buy to 951-395-8057 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 | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook

Real Estate Tops Best Investment Poll for 5th Year Running

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.

For the fifth year in a row, real estate has come out on top as the best long-term investment!

This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26%. The full results are shown in the chart below.

The study makes it a point to draw attention to the contrast in the sentiment over the last five years compared to that of 2011-2012, when gold took the top slot with 34% of the votes. Real estate and stocks took second and third place, respectively, while still in recovery from the Great Recession.

Bottom Line

As the real estate market has recovered, so has the belief of the American people in the stability of housing as a long-term investment.

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.

Text Sell to 951-395-8057 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!

Text Buy to 951-395-8057 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 | Hemet | San Jacinto | Perris | Moreno Valley | Fallbrook

5 Ways Tax Reform Has Impacted the 2018 Housing Market

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream.

Now that the first quarter numbers are in, we can begin to decipher the actual that impact tax reform has had on the real estate market.

1. Has tax reform killed off home buyer demand? The answer is “NO.”

According to the Showing Time Index which “tracks the average number of buyer showings on active residential properties on a monthly basis” and is a “highly reliable leading indicator of current and future demand trends,” buyer demand has increased each month over the last three months and is HIGHER than it was for the same months last year. Buyer demand is not down. It is up.

2. Have the tax changes affected America’s belief in real estate as a long-term investment? The answer is “NO.”

Two weeks ago, Gallup released its annual survey which asks Americans which asset they believed to be the best long-term investment. The survey revealed:

“More Americans name real estate over several other vehicles for growing wealth as the best long-term investment for the fifth year in a row. Just over a third cite real estate for this, while roughly a quarter name stocks or mutual funds.” 

The survey also showed that the percentage of Americans who believe real estate is the best long-term investment was unchanged from a year ago.

3. Has the homeownership rate been negatively impacted by the tax changes? The answer is “NO.”

Not only did the homeownership rate not crash, it increased when compared to the first quarter of last year according to data released by the Census Bureau.

In her latest “Z Report,” Ivy Zelman explains that tax reform didn’t hurt the homeownership rate, but instead, enhanced it:

“We have been of the opinion that homeownership is most highly correlated with income and the net effect of tax reform would be a positive, rather than negative catalyst for the homeownership rate. While still in the early innings of tax changes, this has proven to be the case.”

4. Has the upper-end market been crushed by new State and Local Taxes(SALT) limitations? The answer is “NO.”

In the National Association of Realtors latest Existing Home Sales Report it was revealed that:

  • Sales between $500,000 and $750,000 were up 4.5% year-over-year
  • Sales between $750,000 and $1M were up 15.1% year-over-year
  • Sales over $1M were up 17.3% year-over-year

5. Will the reforms in the tax code cause home prices to tumble over the next twelve months? The answer is “NO.”

According to CoreLogic’s latest Home Price Insights Report, home prices will appreciate in each of the 50 states over the next twelve months. Appreciation is projected to be anywhere from 1.9% to 10.3% with the national average being 4.7%.

Bottom Line

The doomsday scenarios that some predicted based on tax reform fears seem to have already blown over based on the early housing industry numbers being reported.

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.

Text Sell to 951-395-8057 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!

Text Buy to 951-395-8057 and learn more about why you should buy your home with Team Olsewski.

Search for a home

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When is the best time to sell?

Friends and Clients —
 
Each year, spring is the hottest season for real estate.
 
However, spring 2018 looks to be an especially important time for anyone looking to sell a home. Here are a few facts to get you thinking:
 
1. Demand continues to outstrip supply
The number of homes on the market is near an all-time low, and listings of existing homes have plunged 8.1% over the past year.
 
While this means that the total number of sold homes has actually decreased, demand continues to be strong. This is driven in large part by a good job outlook and the growing number of millennials entering the market for the first time.
 
2. Home prices are still surging
Home prices are up 6.3% year over year in the last quarter for which we have data.
 
It’s not just Westchester that’s doing well—areas around the country keep posting record highs for home values.
 
This is unlikely to change in the near future considering how much stronger demand is than supply right now.
 
3. Mortgage rates are finally rising
The Fed increased its benchmark rate several times over the past year, but this did not translate to an immediate increase in mortgage rates.
 
However, mortgage rates do seem to be finally responding, and the 30-year fixed rate is now hovering around 4.5.%
 
While this is a four-year high, it is still near historic lows and makes mortgages affordable to would-be buyers.
 
What does all of this mean for you as a home seller?
 
First off, right now is a very good time to sell.
 
That’s because of the strong demand and the high level of current prices.
 
In other words, if you were to put your home on the market right now, you could get top dollar, and you would be able to sell quickly and without hassle.
 
Second, it’s not clear how long this favorable situation will last.
 
As I mentioned, mortgage rates are on the rise.
 
Currently, that is not enough to dampen demand. But if rates continue to rise, it might drive more buyers out of the market, eventually driving down prices and making it more difficult to sell your home.
 
Another thing to consider is the effect of the new tax plan.
 
It’s not entirely clear how it will affect the real estate market, but odds are good it will make purchasing a home more expensive. That’s because of a new cap on state and local tax deductions, which could combine with higher mortgage rates to push more buyers out of the market.
 
To sum up, if you have been considering selling your home, consider selling now. The current market is very favorable, but it won’t last forever.
 
Here’s how to get started. You can get a quick but accurate estimate of the current value of your home, based on recent Westchester sales:
 
 
And if you want a more detailed estimate, or you want to get the ball rolling on selling your home while this boom lasts, give me a call at 951-506-5744 I’m here to help.
 
Have a great day,
 

Tom Olsewski