In this video Huntington Beach Realtor, Jeb Smith discusses the April Housing Report for Huntington Beach and Orange County and updates you on what it means to be a Buyer or Seller in today’s real estate market.
I’m here today with your Real Estate Market Report for April 2015. Today I’m going to do something a little different and not really focus on the actual market statistics or an area per se but just talk a bit about the real estate market in general and address some of the questions I’m hearing from Buyers and Sellers.
The most common question I get asked from Buyers and Sellers today is “How is the Market?” Now, while that all depends on whether you are a Buyer, Seller or Investor, the easy and most simplistic
answer to the question is that the market is GREAT. What do I mean by that? Well, if you are a Seller in today’s market, the lack of inventory currently available means you are on the right side of the supply and demand equation. As a REALTOR who works with a lot of Sellers, I am seeing homes move very quickly and often with multiple offers. As a Seller the most important thing you can do is price your home correctly which is where an experienced REALTOR like myself can really help guide you in the right direction.
The next question I’m hearing from Buyers is “Why are there so few homes for sale?” I’ll answer this by telling you what I hear when I ask Sellers about their biggest fears when it comes to putting their homes on the market. The number one response is they are worried about being able to find a new home of their own if they sell. Keep in mind there are ways for you as a Seller to put your home on the market while still looking for that perfect home without the risk of selling your home and having nowhere to go. If this is you, give me a call so we can talk.
Finally, let’s address the question of “Is now a good time to Buy?” Well, that’s something I can’t answer directly without really knowing you, your goals and the reasons you want to buy. I’m just going to give you a few things that I talk about when working with Buyers who are contemplating the same question. Interest rates as you know are still at historic lows and lending guidelines seem to be loosening up a bit. Also, house prices are trending up and I expect this to continue as long as inventory stays tight and interest rates stay low. While I can’t predict the future, I can say that long term, interest rates are going to go up. Some buyers worry that higher rates will lead to lower home prices. What I can say is that historically interest rates have increased when the economy is doing well which typically carries home prices higher. So the question is relative to each person but that’s where I can help.
As you know all Real Estate is local, so if you are a Buyer, Seller or Investor in Today’s market and you have questions, I would love the opportunity to help guide you in the right direction. If you would like more information about me, please go to my website www.jebsmith.net or check out my other videos on Youtube. As always, I appreciate you taking the time to watch and I look forward to seeing you again next month. Make it a great day.