Jon Ettelson Team Real Estate

Thinking of Getting Your House Ready to Sell? It's a great time to sell your house. Let's connect to make sure it's ready for success on the spring market. Please contact Jon with any questions 949-295-0059.

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How Much Leverage Do Today's House Sellers Have? The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year. This increase in demand coupled with such limited supply is leading to more bidding wars throughout... Please contact Jon with any questions 949-295-0059.

The Reason Mortgage Rates Are Projected to Increase and What It Means for You We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try to forecast mortgage... rates, we should consider the advice of Mark Fleming, Chief Economist at First American: You know, the fallacy of economic... Please contact Jon with any questions 949-295-0059.

Where Have All the Houses Gone? In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market wh...ile buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains: With buyers active in the... Please contact Jon with any questions 949-295-0059.

Home Mortgage Rates by Decade [INFOGRAPHIC] Some Highlights Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home.... Locking in a low rate today could save you thousands of dollars over the lifetime of your home loan, but these low rates may not last forever. If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor. Please contact Jon with any questions 949-295-0059.

Homeowners Today Have Tremendous Equity You may have more home equity today than you realize. Let's connect to plan how you can leverage that equity in your next move. Please contact Jon with any questions 949-295-0059.

3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year alone. ATTOM Data Solutions, in their latest U.S. Home Equity Report, revealed that 30.2% of the 59 million mortgaged homes in the United States have at least 50% equity. That doesn’t even include the 38% of homes that are owned free and... Please contact Jon with any questions 949-295-0059.

Such a cool view early this morning over Lake Elsinore.

Millennials: Is It Time to Buy a Bigger Home? In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending much more time at home these days, you may have a growing need for more space or upgraded featu...res, making moving more desirable than ever. For those millennials who already own a home, there’s a great opportunity to move... Please contact Jon with any questions 949-295-0059.

Summer is here and it's time to get your backyard game on! Call me anytime to help you upgrade your backyard game! Jon Ettelson BRE 01884179 Coldwell Banker Global Luxury... Laguna Niguel, CA 92677 949-295-0059 See more

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Why It’s Easy to Fall in Love with Homeownership [INFOGRAPHIC] Some Highlights Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community.... Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire. If you’re ready to fall in love with a home of your own, let’s connect to get you started on the path to homeownership. Please contact Jon with any questions 949-295-0059.

3 Ways You’ll Win When You Buy a Home This Year There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success and happiness in a new normal way of life. Whatever your motivations are, here are three reasons why becoming a homeowner now may... Please contact Jon with any questions 949-295-0059.

4 Ways Your Agent Will Steal Your Heart Having a trusted professional on your side gives you the confidence you need if you're buying or selling a home. Let's connect to make sure your questions are answered every step of the way. Please contact Jon with any questions 949-295-0059.

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The Luxury Market Is Attracting Buyers in 2021 As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’... predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have... Please contact Jon with any questions 949-295-0059.

3 Reasons We’re Definitely Not in a Housing Bubble Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing supply is extremely limited The price of any market item is determined by supply and demand. If s...upply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase. In... Please contact Jon with any questions 949-295-0059.