Building WealthBuyersEconomyHousing MarketSellersSellers Market August 24, 2022

Experts Increase 2022 Home Price Projections

If you’re wondering if home prices are going to come down due to the cool down in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts (shown in green in the chart below): 

As the chart shows, most sources adjusted up, and now call for more appreciation in 2022 than they originally projected this January. But why are experts so confident the housing market will see ongoing appreciation? It’s because of supply and demand in most markets. As Bankrate says:

“After all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat, demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials.”

Knowing that experts forecast home prices will continue to appreciate in most markets and that they’ve actually increased their original projections for this year should help you answer the question: will home prices fall? According to the latest forecasts, experts are confident prices will continue to appreciate this year, although at a more moderate rate than they did in 2021.

Bottom Line

If you’re worried home prices are going to decline, rest assured many experts raised their forecasts to say they’ll continue to appreciate in most markets this year. If you have questions about what’s happening with home prices in our local area, let’s connect.

Lynne Watanabe MacFarlane

Realtor DRE # 02066698 / Intero | Berkshire Hathaway affiliate

Senior Real Estate Specialist, Seller Representational Specialist

Master of Communication Digital Media / Marketing, Univ of WA

Prof. Fiduciary of CA, Silicon Valley affiliate

408-800-1141  & 831-346-2743

LMACFARLANE@INTERO.COM

Lynne MacFarlane Homes

 

SAN MATEO COUNTYSANTA CLARA COUNTYSanta Cruz County February 19, 2022

The #1 Home Value Site Online

Besides Zillow, there are numerous sites that give you an instant value of your home. There are also two other respected sites that I use frequently. In order to find out the #1 home valuation site online, I’m asking for your help to let me know which site, in your opinion, comes closest to your actual home value. Please let me know which one you think is MOST accurate.

Click below to get 3 Instant Home Values.

 

Lynne MacFarlane asks to Find out what your home value is

Don’t worry, you don’t need to register to get the instant value!

3 Instant Home Values on Any Home (no registration): https://intero.findbuyers.com/lmacfarlane@Intero.com

 

Lynne Watanabe MacFarlane, Realtor

Intero | Berkshire Hathaway affiliate

Silicon Valley & Santa Cruz Bay

Local Knowledge With Global Reach
www.LynneMacFarlane.com
(408) 800-1141
LMACFARLANE @ Intero.com

 

BuyersCampbellSellers February 11, 2021

Thinking of Selling? Give us a call

If you’re thinking of selling this year, let’s connect to make sure you get the best advice possible! We’re here to give you the best advice possible based on the information and situation at hand, guiding you through the process to help you make the necessary adjustments and best decisions along the way! We will lead you to the best offer available and communicate with you every step of the way! That’s exactly what you want and deserve.
Thank you!
As our Valentine’s day gift to you, we’d like to give you a free home value report, for a fast evaluation
Karen Gilligan, Realtor
Intero Real Estate Services
DRE# 02110859
Kgilligan@intero.com
408-966-7733
~
Lynne Watanabe MacFarlane, MCDM, SRES | Realtor
PFAC Silicon Valley affiliate
Intero Real Estate Services
DRE# 02066698
Lmacfarlane@intero.com
831-346-2743
Housing MarketSellers March 9, 2020

New Homes Coming to the Housing Market This Year

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latestU.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a 9.2% increase from December.

How will this impact buyers?

New inventory means more options. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explained how this is good news for the housing market – especially for those looking to buy:

More construction will mean more housing inventory for consumers in the later months of this year…Spring months could still be quite tough for buyers since it takes time to convert housing starts into actual housing completions.

How will this impact sellers?

More inventory means more competition. Yun continues to say:

As trade-up buyers move into these newly completed homes in the near future, their existing homes will be released onto the market.

Today, because of the tremendous lack of inventory, a seller can potentially anticipate:

  1. A great sale price on their house as buyers engage in potential bidding wars.
  2. A quick sale as buyers have little inventory to choose from.
  3. Fewer hassles as buyers want to smoothly secure a contract.

Bottom Line

If you’re considering selling your house, you’ll want to list sooner rather than later. This way, you’ll get ahead of this new competition coming to market and ensure the most attention toward your listing and the best price for your house.

ArticlesSellers June 13, 2019

Why Access Is One of the Most Important Factors in Getting Your House Sold!

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers.

There are four elements to a quality listing. At the top of the list is access, followed by condition, financing, and price. There are many levels of access that you can provide to your agent so that he or she can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
3. Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
4. By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2 pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

With more competition coming to the market, access can make or break your ability to get the price you are looking for, or even sell your house at all.