Michelle Lynch Real Estate

While many homeowners paused their plans to sell during the height of the pandemic, this isn’t the main cause of today’s huge gap between supply and demand... Sam Khater, Vice President and Chief Economist at Freddie Mac, Economic Housing and Research Division, shares: The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes . . . That decline has resulted in the decrease in supply of entry-level single-family homes o...r, ’starter homes.’ When you consider the number of homes built in the U.S. by decade, the serious lack of new construction is clear. #SupplyIssue

Under Contract #

This past week we felt the real estate market take a big gasp of air and let out a big, slow sighhh of relief. It has been mania. A calming has JUST begun. We are on the very brink of a shift. Not a drastic one - but it won’t be the high speed pursuit drama it’s been the last couple of months. If you would like to understand this more, or hear how it applies to your specific home needs, please don’t hesitate to give me a call. ... Happy Friday, my friends.

Prices of So Cal homes over the past 21 years..... by County... kinda fun to see. ( Home prices in the So Cal six-county region climbed 13% in the 12 months ending in January ) { Michelle Lynch, Reliance, DRE#01476112 #MLREGroup } ... Music: Walk In The Park Musician: music by audionautix.com License: https://creativecommons.org/licenses/by/4.0/legalcode

Home seller profits are soaring as home prices set new records in the pandemic. Home sellers nationwide in 2020 saw a home-price gain of $68,843 on the average salethat is up from $48,500 two years prior, according to new research from ATTOM Data Solutions, a real estate research firm. Seller profits increased in more than 90% of the housing markets tracked, too. . . { Michelle Lynch, Reliance, DRE#01476112, #MLREGroup }

Home prices are high right now. Should I wait to buy? Affordability is one of the hottest real estate topics of 2021, and there’s a lot of misinformation floating around about what exactly that means for homeowners. It’s easy for a potential buyer to assume that increasing values equates to decreased affordability. But there are actually a lot of different factors that determine that-not just the price.... This graph is a great way to show that although home prices are rising, so is affordability. If you’d like to discuss your particular situation and get some help deciding what’s best for you, I’m always available for you. (714)732-7575 { Michelle Lynch, Reliance, DRE#01476112 } #MLREGroup #RealEstate #Affordability #sellersmarket #buyersmarket #Buyingpower #Interestrates #Housingmarket

In the past week I’ve worked on homes with a range of 15 - 56 offers - the buyer competion is FEIRCE - BUT I have a slew of ideas on how to make your offer stand out ( above and beyond incorporating the participation of extremely adorable children ) - While many buyers think the effort it takes isn’t worth it right now- please see the difference in monthly payment from last year’s market compared to today’s market.... ( posted in comments below )