Tiffany Thompson, Los Angeles Real Estate

Our lives are deeply impacted by our nation’s economy. The better the economy is doing overall, the better most individuals in the country will do as well. Here’s a look at what four experts told the Wall Street Journal after reviewing last week’s report. #economy #housingtrends #housingmarket #sellersmarket #losangelesrealestate #tiffanyforhomes

Experts agree the housing market is set to bloom this spring. Let's connect to make sure you're ready to buy or sell this season.

I met these clients 3 weeks ago for their initial buyer consultation via Zoom. Saw 2 homes and beat out 12 offers for this one. I am so happy for them!!! Today I got to congratulate them on buying their first home! Some things are meant to be. #sellinghomes #losangelesrealestate #firsttimehomebuyer #westside #tiffanyforhomes #tiffanysellsla #helpfulrealtor #kismet #buyersandsellers

Just Listed! Wonderful and serene 2 bedroom top floor condo with cathedral ceilings in Culver City’s coveted Tara Hill complex. www.tarahillcondos.com #culvercity #tarahillcondos #tiffanyforhomes #losangelesrealestate

It’s nearly Restaurant week! I’ve been hoping to support local restaurants and wondering who has their doors open! Order and deliver for me please! Maybe some Dine LA Zoom dinners are in order!

Four Expert Views on the 2021 Housing Market 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. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) In 2021, I think rates will be similar or modestly higher, maybe 3%...So, mortgage rates will continue to be histo...rically favorable. Danielle Hale, Chief Economist, realtor.com We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high... See more

Why It’s Important to Price Your House Right Today Even in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes: We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the...

Turning a House into a Happy Home We talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership. No matter the living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a favorite chair, the feel-good connections to our own homes are typically more important to us than the financial ones. Here are some of the reasons why.... 1. Owning your home is an accomplishment worth celebrating You’ve likely worked very hard to achieve this dream, and whether it’s your first home or your fifth, congratulations are in order for... See more

The Do’s and Don’ts after Applying for a Mortgage Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You're undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender someone who is qualified to tell you how your financial decisions may impact your home loan. Below is a list of t...hings you shouldn’t do after applying for a mortgage. They’re all important to know or simply just good reminders for the process. 1. Don’t Deposit Cash into Your...

Homeowner Equity Increases an Astonishing $1 Trillion In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: U.S. homeowners with mortgages have seen their equity increase by a total of $1 trillion since the third quarter of 2019.... The average homeowner gained approximately $17,000 in equity over the past year. This is a 10.8% increase in equity over last year. The average household with a mortgage now has $194,000 in home... See more

5 Steps to Follow When Applying for Forbearance If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works. It’s not automatic. You need to take action now and apply fo...r the program before these options expire. A study by the Urban Institute determined: Approximately 400,000 homeowners who became delinquent after the pandemic began have...