Robin Stelle, Monterey Bay CA Luxury Real Estate Sales

Thinking of Buying or Selling a Home This Year? The latest editions of the home buying and selling guides are now available. Let's connect so you can get the latest digital copies. #buyingahome #sellingyourhouse #realestateguide... Message me if you'd like to talk buying or selling!

Home Price Appreciation Is as Simple as Supply and Demand Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. The reason pr...ices continue to accelerate is that housing inventory is still at all-time lows while demand remains high. However, this may be changing. 39 of the 50 states (plus the District of Columbia) saw increases in inventory over the last month. This may be evidence that homeowners who have been afraid to let buyers in their homes during the pandemic are now putting their houses on the... #realestate #homeownership #homebuying #realestategoals Message me if you'd like to talk buying or selling!

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was gene...rally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking. Today is different. The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more... #firsttimehomebuyer #opportunity #housingmarket Message me if you'd like to talk buying or selling!

Owning a home is one of the most valuable steps to growing your net worth and achieving financial success. That’s why year after year, homeownership is rated the #1 preferred investment of Americans. If buying a home is a dream for you, DM me so we can talk about the opportunity in today’s market to make that dream a reality. #affordability #homeownership #affordablehousing #networth Message me if you'd like to talk buying or selling!