Robert Dixon-RE/MAX Estate Properties

If you're experiencing any of these five feelings, it may be time to go from an apartment to a house. Let's discuss today! Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable, since appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers from three reliable sources: >>FHFA: 7.8% >>CoreLogic: 7.3% >>Case-Shiller: 7%... It’s easy to jump to the conclusion that house appreciation is out of control in today’s market. However, we need to put these numbers into context first. Following the housing crash, home values depreciated dramatically from 2007-2011. Values are still recovering from that unusually long period of falling prices. We must also realize that normal inflation has had an impact. The pandemic caused many households to reconsider whether their current home still fulfills their lifestyle, so record numbers of buyers have been flooding the housing market this year. At the same time, concerns about the pandemic have caused many homeowners to put their plans to sell on hold. More people buying and fewer people selling has caused home prices to escalate. However, with a vaccine on the horizon, more homeowners will be putting their houses on the market. This will better balance supply with demand and slow down the rapid appreciation. That’s why major organizations in the housing industry are calling for much more moderate home appreciation next year. Here are the most recent forecasts for 2021: >>National Association of Realtors: 4.5% >>Freddie Mac: 2.6% >>Fannie Mae: 2.1% >>Mortgage Bankers Association: 2% Most aspects of life have been anything but normal in 2020. That includes buying and selling real estate. High demand coupled with restricted supply has caused home prices to appreciate above historic levels. With the end of the health crisis in sight, we will see price appreciation return to more normal levels next year.

Thanks to housing data, it's possible to pinpoint the exact day when buyers in any given city can get the best price for a home. The interesting part is how the ideal day varies from city to city and region to region. Check out this interactive map to see the ideal day to buy! Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

Have a home project that you're considering tackling yourself? Check this list to help you decide whether you can handle it or if it's time to call a pro. Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

Inflation and the Comeback from the Housing Crash Following the housing crash, home values depreciated dramatically from 2007-2011. Values are still recovering from that unusually long period of falling prices. We must also realize that normal inflation has had an impact. Bill McBride, the founder of the well-respected Calculated Risk blog, recently summed it up this way:... It has been over fourteen years since the bubble peak. In the Case-Shiller release today, the seasonally adjusted National Index, was reported as being 22.2% above the previous bubble peak. However, in real terms (adjusted for inflation), the National index is still about 2% below the bubble peakAs an example, if a house price was $200,000 in January 2000, the price would be close to $291,000 today adjusted for inflation. #realestate #realestatemarket #realestateinfo #realestateinvestment #realtor #listingagent #sellingagent #homevalues #homebuying #firsttimehomebuyer #starterhome #mortgage #lending #interestrates #incomeproperty #investment #renovation #fixer #homeownership #foreclosure #forbearance #recovery #biddingwar #southbay #hermosabeach #manhattanbeach #redondobeach #torrance #palosverdes #losangeles

If you want a fireplace that will start a conversation as well as a fire, this is it. Completely unlike any fireplace you've seen before, this unique fixture fits perfectly in a modern room like this. Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

If you have any questions about real estate, don't hesitate to ask! Click below or call (310) 750-5751 for answers. Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

If you had to choose, would you rather have a bigger closet or a bigger bed? Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

Really cool variety of shelves in this little home office. You can't go wrong adding more storage space to your home, buyers love it. Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!

A floating staircase like this looks really cool and modern, but it's probably one of those features you shouldn't install if you have kids. Robert Dixon RE/MAX Estates Properties South Bay Beach Cities & Palos Verdes... Buy & Sell with Confidence!