Beautiful 5 Bedrooms 3 Bath house in Lake Village Community. Situated on a quiet Cul-de-sac with walking distance access to the lake and community amenities. Nice floor p...
Must see. Seller states legal mother in law suite .To many amenities to mention. Closet/safe room, butlers pantry,Recently remodeled kitchen with top end appliances /upg...
This lovely home located in the beautiful gated community of Chardonnay Hills, sits on a 10,019 square foot corner lot. The covered porch at the double door entry welcome...
Pride of ownership is yours for the taking in this two story Temecula home with access to great Temecula schools, easy access to wineries, freeways, shopping, entertainme...
Welcome to Oak Haven Estates where the owner has spent many years creating a special place where nature abounds and you can relax while drinking you favorite glass wine ...
Crown Hill jewel! Fresh paint inside and out. Original owner built with more upgrades than the model! Custom granite counters, upgraded cabinets throughout the house i...
This is your opportunity to purchase an amazing 17 acre lot in the beautiful and peaceful Temecula Wine Country. The property consists of two parcels, totaling 17 acres....
Incredible 5+acre opportunity in the heart of Temecula's wine country! Stunning views and soft-rolling topography throughout. Limitless potential; perfect space for a hor...
Incredible Pool Home located in the highly sought after community of Crowne Hill. Over 3,300 Sqft with 5 bedrooms and 3 baths including a downstairs bedroom, full bath, a...
VIEW WITH POOL. The quintessential California dream awaits you. What an intro—professionally landscaped with stained concrete entry and covered porch and voila, the grand...
Welcome to this Gorgeous Corner Lot home with a pool! Conveniently located to shopping, dining, temecula golf courses and only one mile away from the Pechanga casino! Tem...
Welcome Home to this STUNNING home on a cul-de-sac in Temecula's very desired Paloma Del Sol featuring community pools, spas, parks, sports courts and more! This 3 bedroo...
**Professional Photos COMING SOON!** This well maintained cul-de-sac home located in highly desirable Great Oak High school district has an Indoor/outdoor flow allowing f...
You don't want to miss out on this amazing single story home located in the highly desirable community of Paseo Del Sol with OWNED solar. As you enter the home you will ...
Gorgeous Morgan Valley Estates Home! A SPECTACULAR TURNKEY, SOLAR, POOL home with all the UPGRADES includes a sparkling pool w/ jacuzzi, sauna, outdoor custom gas fire pi...
Amazing Opportunity to own a turnkey home located in South Temecula in the beautiful community of Wolf Creek. Main floor den, full bath, spacious dining room. Open gourme...
This gorgeous home is located on community of Temeku Hills… Features 3123 Sqft with 5 Bedroom, 3 Bath, 3 car garage built in 2003. Enjoy resort style living with the man...
Beautiful Paloma Del Sol home in the heart of Temecula. Home is turnkey and features formal living room with vaulted ceilings, ceramic tile flooring, lots of windows to l...
Meticulously maintained, this 4 bedroom/3 bathroom pool home includes a main floor bedroom and bath, and is ready for its new owners! Upgraded tile flooring and plush car...
Spectacular home with views in the Redhawk Community of south Temecula is a must see! The flagstone walkway leads to the entry and immediately opens to the spacious livi...
In the Rainbow Canyon Estates community of South Temecula is this gorgeous home with an in-ground swimming pool and spa. Enjoy your private oasis with the palapa complet...
Single-story home in highly sought after South Temecula, within the community of Paloma Del Sol. Enjoy the privacy of no-sight neighbors with this cul-de-sac street and a...
Illuminated steps and a charming court yard welcome you into this sprawling Morgan Hill estate. As you enter, you are greeted with hardwood floors, high ceilings and a dr...
Stunning single level home situated in South Temecula's Berringer Creek. Just minutes from Wine Country, this beautifully upgraded home is sure to impress even the most d...
Like New Alegre Plan 2 at Paseo Del Sol. Turnkey townhome complete with modern appointments is exactly what you have been looking for. Original owners used, only a handfu...
Coming Soon... Fly Home! This is a unique opportunity to own this beautiful Temecula Wine Country estate with expansive views. Enter your own impressive gate to the priva...
Great backyard for kids and entertaining! This well maintained home is located in desirable Wolf Creek, just walking distance to award winning schools and parks. Wolf Cre...
Welcome to The Alegres, in the highly desirable community of Paseo Del Sol Community. This rare 3 Bedroom, 3 Bathroom corner unit model is highly upgraded with plantation...
This sparkling home is back on the market as all upgrade work is now 100% complete! A rewarding and tastefully upgraded escape, this outstanding opportunity is peacefull...
Welcome to Golden Hill Estate Vineyard, a place of rest and retreat! Nestled behind the gates, is this handsome single-story pool home and French Country Cottage. These ...
Equestrian Estate Located in the Heart of Temecula’s Wine Country. Close to Beautiful Horse Friendly Vineyards and Trails. The Property Features a Professionally Designed...
Desirable single story home in beautiful Paseo Del Sol. Three bedrooms, two baths and huge 3 car garage. Brand new water heater. Freshly painted interior. Very clean home...
Welcome to "Wilson Manor'' in the Wolf Creek area of Temecula, California! You have to see this remodeled 4 bedroom, 3 bathroom gem w/bonus room. Nestled on a cul de sac,...
Fantastic Home in the hills of Redhawk/Summerhill & Great Oak High School Boundary. Premium hillside lot w/ endless views and no homes directly behind. 50’+ of driveway ...
ASTOUNDING UPGRADED HOME! PAID SOLAR. Fantastic dream home in Temecula. This gorgeous home brings together everything you are looking for in a tasteful upscale executive ...
Welcome to this darling ranch in the Wine Country. Super great single story with great views! Lots of usable land for horses and all your toys. The house offers 3 spa...
Stunning Next Gen Home w/attached Casita on Cul De Sac! Temecula Pool Hm w/Paid Solar. Beautiful patio welcomes you into this fully upgraded oasis. Open layout & natural ...
WELCOME HOME TO THIS SPECTACULAR VAIL RANCH POOL HOME WITH RV PARKING AND PAID SOLAR. AS YOU PULL UP TO THIS GORGEOUS HOME YOU WILL BE GREETED BY STONE STEPS LEADING UP T...
This model rarely comes on market. Cul-de-sac, fully landscaped with automatic timers. Early mornings can see the Temecula Wine Country Hot Air Balloons. This property ha...
3177 Sq Ft POOL HOME WITH .24 acre LOT. This beautiful home has been lovingly cared for and extensively updated. Which includes: Updated Sq footage with additions of hom...
Remarkable Opportunity to own your own Ranch Style Property in heart of Temecula Wine Country! This 2020 Built 2,128 SQFT 5 Bed 2 Bath home on 5.3 ACRES, was Designed a...
An exceptionally private 24.81 acre vineyard estate w/incredible views of Temecula Wine Country. This estate is reminiscent of European country manors & legacy east coast...
Desirable South Temecula home in Rancho Highlands! With 3 bedrooms upstairs and optional 4th bedroom downstairs, this corner lot home has everything to offer! Remodeled k...
Welcome to this wonderful Paseo Del Sol home on a cul-de-sac. Large lot has no rear neighbors and mountain views. This home offers 4 full bedrooms, One bedroom is down wi...
Beautiful move-in ready residence located in the desirable Belvista community features a spacious floorplan, recessed lighting, and tile flooring throughout the main livi...
Developers Wanted, SELLER MOTIVATED!!! Will review all reasonable offers. Perfect Opportunity to build your own MILLION DOLLAR ESTATE or Ranch, or build one for you and o...
Beautiful 4 Bedroom, 3 Bathroom, 3432 sq ft home.The front of the home has great curb appeal with dual driveways. As you enter the home you see a beautiful open Living Ro...
Move right into this Upscale Turnkey Condo in South Temecula! This beautifully upgraded home is located in the highly desirable Alegre Community at Paseo Del Sol. This mo...
Experience resort style living and entertaining with this impressive custom home in Santiago Estates. The property pictures tell the story: Open Floor-plan w/interior U...
Remodeled Single Story home in South Temecula in the Great Oak High School District. Ideal location for commuters due to the close proximity to the I15 freeway, shopping,...
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead.
“In 2021, I think rates will be similar or modestly higher, maybe 3%...So, mortgage rates will continue to be historically favorable.”
“We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels.”
“With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth rate than in 2019. Some slowing of new home sales growth will occur due to the fact that a growing share of sales has come from homes that have not started construction. Nonetheless, buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates.”
“Mortgage rates are expected to remain low for the foreseeable future and millennials will continue forming households, keeping demand robust, even if income growth moderates. Despite the best intentions of home builders to provide more housing supply, the big short in housing supply will continue into 2021 and likely keep house price appreciation flying high.”
Whether you’re ready to buy or sell a home in 2021, if you’re planning to take advantage of the market this winter, let’s connect to talk about the opportunities available in our local market.
If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why.
According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now is a good time to buy a home, while 59% feel it’s a good time to sell one:
“The percentage of respondents who say it is a good time to sell a home remained the same at 59%, while the percentage who say it’s a bad time to sell decreased from 35% to 33%. As a result, the net share of those who say it is a good time to sell increased 2 percentage points month over month.”
As you can see, many still believe that, despite everything going on in the world, it is still a good time to sell a house.
There simply are not enough homes available to meet today’s buyer demand, and they’re selling just as quickly as they’re coming to the market. According to the National Association of Realtors (NAR), unsold inventory available today sits at a 2.3-month supply at the current sales pace, which is down from a 2.5-month supply from the previous month. This record-low inventory is not even half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory to balance out.
With so few homes available for buyers to choose from, we’re in a true sellers’ market. Homeowners ready to make a move right now have the opportunity to negotiate the best possible contracts with buyers who are feeling the pull of intense competition when it comes to finding their dream home. Lawrence Yun, Chief Economist for NAR, notes how quickly homes are selling right now, further confirming the benefits to sellers this season:
"The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates."
However, this sweet spot for sellers won’t last forever. As more homes are listed this year, this tip toward sellers may start to wane. According to Danielle Hale, Chief Economist at realtor.com, more choices for buyers are on the not-too-distant horizon:
“The bright spot for buyers is that more homes are likely to become available in the last six months of 2021. That should give folks more options to choose from and take away some of their urgency. With a larger selection, buyers may not be forced to make a decision in mere hours and will have more time to make up their minds.”
Bottom Line
If you’re ready to make a move, you can feel good about the current sentiment in the market and the advantageous conditions for today’s sellers. Let’s connect today to determine the best next step when it comes to selling your house this year.
If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why.
ATTOM Data Solutions recently released the 2021 Rental Affordability Report, which states:
“Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.
That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation.”
The answer: historically low mortgage interest rates. Todd Teta, Chief Product Officer with ATTOM Data Solutions, explains:
“Home-prices are rising faster than rents and wages in a majority of the country. Yet, home ownership is still more affordable, as amazingly low mortgage rates that dropped below 3 percent are helping to keep the cost of rising home prices in check.”
In 2020, mortgage rates reached all-time lows 16 times, and so far, they’re continuing to hover in low territory this year. These low rates are a big factor in driving affordability. Teta also notes:
“It’s startling to see that kind of trend. But it shows how both the cost of renting has been relatively high compared to the cost of ownership and how declining interest rates are having a notable impact on the housing market and home ownership. The coming year is totally uncertain, amid so many questions connected to the Coronavirus pandemic and the broader economy. But right now, owning a home still appears to be a financially-sound choice for those who can afford it.”
If you’re considering buying a home this year, let’s connect today to discuss the options that match your budget while affordability is in your favor.
Why Pre-Approval Is Key in 2021 Today's housing market is highly competitive for homebuyers, so it's critical to gain every advantage in the process that you can. Let's connect to make sure pre-approval is one of the first steps you take toward homeownership this year.
Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal (WSJ), explains:
“The economy is probably not slipping back into recession. The drop was induced by new restrictions on activity as the pandemic raged out of control. Leisure and hospitality, which includes restaurants, hotels, and amusement parks, tumbled 498,000.”
In the same report, Michael Pearce, Senior U.S. Economist of Capital Economics, agreed:
“The 140,000 drop in non-farm payrolls was entirely due to a massive plunge in leisure and hospitality employment, as bars and restaurants across the country have been forced to close in response to the surge in coronavirus infections. With employment in most other sectors rising strongly, the economy appears to be carrying more momentum into 2021 than we had thought.”
Once the vaccine is distributed throughout the country and the pandemic is successfully under control, the vast majority of those 480,000 jobs will come back.
Here are two additional comments from other experts, also reported by the WSJ that day:
“These numbers are distressing, but they are reflective of the time when coronavirus vaccines were not rolled out and federal fiscal policy was still deadlocked. Hopefully, the recent legislation can help build a bridge to a time when vaccines are fully rolled out and the labor market can sustainably heal.”
“The good news in today’s report is that outside the hopefully temporary hit to the food service industry, the rest of the labor market appears to be holding in despite the latest public health challenges.”
Some are concerned that with millions of Americans unemployed, we may see distressed properties (foreclosures and short sales) dominate the housing market once again. Rick Sharga, Executive Vice President at RealtyTrac, along with most other experts, doesn’t believe that will be the case:
“There are reasons to be cautiously optimistic despite massive unemployment levels and uncertainty about government policies under the new Administration. But while anything is possible, it’s highly unlikely that we’ll see another foreclosure tsunami or housing market crash.”
For the households that lost a wage earner, these are extremely difficult times. Hopefully, the new stimulus package will lessen some of their pain. The health crisis, however, should vastly improve by mid-year with expectations that the jobs market will also progress significantly.
If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more affordable to buy a home than rent one. Here’s why.
ATTOM Data Solutions recently released the 2021 Rental Affordability Report, which states:
“Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.
That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties and have risen more than wages in almost two-thirds of the nation.”
The answer: historically low mortgage interest rates. Todd Teta, Chief Product Officer with ATTOM Data Solutions, explains:
“Home-prices are rising faster than rents and wages in a majority of the country. Yet, home ownership is still more affordable, as amazingly low mortgage rates that dropped below 3 percent are helping to keep the cost of rising home prices in check.”
In 2020, mortgage rates reached all-time lows 16 times, and so far, they’re continuing to hover in low territory this year. These low rates are a big factor in driving affordability. Teta also notes:
“It’s startling to see that kind of trend. But it shows how both the cost of renting has been relatively high compared to the cost of ownership and how declining interest rates are having a notable impact on the housing market and home ownership. The coming year is totally uncertain, amid so many questions connected to the Coronavirus pandemic and the broader economy. But right now, owning a home still appears to be a financially-sound choice for those who can afford it.”
If you’re considering buying a home this year, let’s connect today to discuss the options that match your budget while affordability is in your favor.