Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you! 559.367.5027 E: GameChangerInvesting@gmail.com

Buying a home during a recession when interest rates are high but home inventory is low may seem like a risky move, but it can actually be a smart financial decision. During a recession, home prices tend to drop, making it an ideal time to buy if you're looking for a good deal. Additionally, if interest rates are high, it may seem like a drawback at first, but locking in a fixed rate now can actually save you money in the long run. When interest rates are low, home prices tend to rise due to increased demand, but during a recession, the opposite is true. This means that while you may be paying more in interest, you'll likely be paying less for the home itself. And with Low inventory there may be more competition from other buyers but with higher rates and uncertain times there is typically more negotiating leverage. It can be a win win for both parties when negotiating a price and terms. So, if you're in the market for a new home, don't be afraid to consider buying during a recession. With a little research and the right mindset, you could end up making a smart financial investment that pays off in the long run.

Pros of buying a home in a recession when interest rates are high but home inventory is low:

Home prices tend to drop during a recession, making it an ideal time to buy.

Locking in a fixed interest rate now can save you money in the long run.

Low inventory there may be more competition from other buyers but with higher rates and uncertain times there is typically more negotiating leverage. It can be a win win for both parties.

Fresno Homes Market Update - 93727

Hey there, it's time for a real estate market update! In Fresno, CA 93727, the median list price for homes this week is $440,000. The market action index, which measures the balance between supply and demand, is hovering around 55 - a slight increase from last month's index of 49. Inventory has decreased to 58, which means that home sales are still outpacing supply. This makes it a great time to sell if you're a homeowner in the area, as we're currently experiencing a seller's market. Keep an eye out for upward pricing trends if this trend continues!

Source Michael Lewis Marketing Suite

April 24, 2023

How can you purchase a home with no down payment?

How can you purchase a home with no down payment?

You may have heard the age-old question, "Can you buy a house with no money down?" Well, as it turns out, the answer is a resounding yes! According to a article I read by MortgageDepot at https://mortgagedepot.com/exploring-your-options-can-you-buy-a-house-with-no-money-down/. We understand that saving up for a down payment can be a daunting task for many potential homeowners. But fear not, as there are options available that require no down payment from you.

 

When we say "no money down," we mean exactly that – you won't have to fork over any of your hard-earned cash for the down payment. Typically, when purchasing a home, a down payment of around 20% of the purchase price is required. But with the options we're about to explore, you can get into your dream home without putting a single penny down.

 

One option for those who have served or are currently serving in the military is the VA loan. These loans are guaranteed by the Department of Veterans Affairs and allow for no down payment. If you're looking for a home in a rural area, you may qualify for a USDA loan. These loans are offered to low- and moderate-income borrowers and also require no down payment.

 

FHA loans are another option to consider, as they require a lower down payment than most conventional loans. With an FHA loan, you can put down as little as 3.5% of the purchase price, and the down payment can come from a gift or down payment assistance program.

 

It's important to note that there are some potential downsides to consider when buying a house with no money down. For one, you'll likely have a higher loan-to-value ratio, which can lead to higher monthly payments and interest rates. Additionally, you may be required to pay for private mortgage insurance (PMI) if you don't put down at least 20%.

 

We're committed to helping you explore your options and find the loan that works best for you. Our team of experts is here to guide you through the application process and help you understand the requirements for each type of loan. So, if you're ready to make your dream of homeownership a reality, contact us today and let's get started! Don't let a lack of funds hold you back from achieving your goal of owning a home.

 

Jacob Kutsch 

559.367.5027

DRE# 02112085

Keller Williams

April 1, 2023

Fresno Real Estate Market Update: Median List Price Increases to $440K - April 01, 2023

Hey there, it's time for a real estate market update! In Fresno, CA 93727, the median list price for homes this week is $440,000. The market action index, which measures the balance between supply and demand, is hovering around 55 - a slight increase from last month's index of 49. Inventory has decreased to 58, which means that home sales are still outpacing supply. This makes it a great time to sell if you're a homeowner in the area, as we're currently experiencing a seller's market. Keep an eye out for upward pricing trends if this trend continues!

Recently, on our front lines we are still experiencing multiple offer situations on our listings. One of our last listings of which was a pretty simple, and normal feeling home, with normal pricing reviewed over 10 offers to be reviewed in a short time!

What does this mean? 

When interest rates are high and there is an increase of activity in home buyers, it can mean both good news and challenges for buyers and sellers in the real estate market. On one hand, a surge of activity in home buyers can create more competition and lead to a surplus of offers on everyday homes. This can make it difficult for buyers to find a home within their budget and may lead to bidding wars that drive up prices. On the other hand, an increase in home buyers can also mean that there are more potential buyers for sellers to attract, which can lead to a quicker sale and possibly even multiple offers. In addition, when the weather is warming up, it can create a sense of urgency for buyers to find a home before the busy summer season, which can also drive up demand. Overall, high interest rates and increased buyer activity can create both opportunities and challenges for buyers and sellers in the real estate market.

To follow along on the front lines with me CLICK HERE

 

 

July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.