Alicia Cardenas

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time. And experts agree the home you own is an important tool for building your net worth. According to the National Association of Realtors (NAR), Homeowners who purchased a typical single-family existing-home 30 years ago ...at the median sales price of $103,333 with a 10% down payment loan and who sold the property at the median sales price of $357,700 in 2021 Q2 accumulated housing wealth of $349,258, . . . Mark Fleming, Chief Economist at First American, points out that a home is truly a one-of-a-kind asset. The major financial advantage of homeownership is the accumulation of equity in the form of house price appreciation. . . . We won’t always... #expertanswers #stayinformed #staycurrent

Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. #Sellyourhouse #moveuphome #dreamhome #realestate

The law of supply and demand explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Why Are Prices Rising? According to CoreLogic, home prices have risen 18% since this time last year. But what’s driving the increase? When we take NAR’s buyer activity data and ...compare it to the seller traffic during the same timeframe, we can see buyer demand continues to outpace seller activity by a wide margin. In other words, the demand for homes is significantly greater than the current supply that’s available to buy. Where Are Prices Headed? Many experts forecast prices will continue to increase, but they’ll likely appreciate at a slower rate. Buyers hoping to purchase the home of their... #realestate #homeownership #homebuying #realestategoals

When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, DM me to explore your options. #firsttimehomebuyer #opportunity #housingmarket

Before you decide to sell your house on your own, here are five reasons why working with an agent is your best bet to maximize the sale of your home. >>First impressions are everything and an agent knows how to make a great one. Prepping a house for sale requires a significant amount of time and effort, even though it may seem simple at first glance. An expert real estate advisor relies on their experience to answer your questions so you don’t invest in the wrong things.... >>Agents have tools to maximize the number of views your home gets. Put plainly, the more buyers that view your house, the better your return will be. Agents have multiple tools at their disposal from social media to agency resources to ensure your home is viewed by more prospective buyers. >>An agent won’t miss anything in the fine print. Because there’s so much to take care of, it can be hard to truly understand all of the... #expertanswers #stayinformed #staycurrent

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. Homes selling quickly and receiving multiple offers highlights how competitive the housing market is right now. This is due, in large part, to the low supply of homes for sale. Low supply and high demand mean homes of...ten sell for more than the asking price. In some cases, they sell for a lot more. What does that mean for you? If you’ve found your dream home, you need to be realistic about today’s housing market and how that impacts the offer you’ll make. Offering below or even at a home’s asking price may not cut it. Because of today’s home price appreciation and the auction-like atmosphere in the selling process, appraisal gaps the... #firsttimehomebuyer #opportunity #housingmarket