Leech Real Estate Group

Home is where the heart is, but it can be hard to feel like your heart is fully in a place that isn’t completely yours. Owning your house gives you the power to be able to fully personalize your space and make it feel like the home you want it to be for you and your loved ones. DM me if you’re ready to take the first steps toward homeownership in 2021. #home #firsttimehomebuyer #makingahouseahome #buyingahome #opportunity #housingmarket #homegoals #houseshopping #locationlocationlocation #newlisting #homeforsale #renovated #starterhome #dreamhome #keepingcurrentmatters

According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what home means and what we may need in one going forward. Here are 4 reasons people are reconsidering where they live and why they’re expecting to buy a home this year. 1. Record-Low Mortgage Interest Rates... 2. Working from Home 3. More Outdoor Space 4. Avoiding Renovations Bottom Line It’s clear that homeownership needs are changing. As a result, Americans are expected to move in record numbers this year. If you’re trying to decide if now is the right time to buy a home, let’s connect today to discuss your options.

According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to register above 2019 levels. Meanwhile, the availabili...ty of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks continued across the country, which delayed some sellers from putting their homes on the market. While the pandemic left many in positions of financial insecurity, those who maintained employment and income stability are also incentivized to buy given the record-low mortgage rates available; this is increasing buyer demand while for-sale inventory is in short supply. Where will home values go in 2021? Home price appreciation in 2021 will continue to be determined by this imbalance of supply and demand. If supply remains low and demand is high, prices will continue to increase. Housing Supply According to the National Association of Realtors (NAR), the current number of single-family homes for sale is 1,080,000. At the same time last year, that number stood at 1,450,000. We are entering 2021 with approximately 270,000 fewer homes for sale than there were one year ago. However, there is some speculation that the inventory crush will ease somewhat as we move through the new year for two reasons: 1. As the health crisis eases, more homeowners will be comfortable putting their houses on the market. 2. Some households impacted financially by the pandemic will be forced to sell. Bottom Line There’s still a very limited number of homes for sale for the great number of purchasers looking to buy them. As a result, the concept of supply and demand mandates that home values in the country will continue to appreciate.

NEW on the market with Leech Real Estate Group of Keller Williams: This wonderful 3 bedroom northern Glendora home is for sale with 1628 sq ft. It features a sp...acious family room, interior laundry and a master bedroom overlooking the private backyard with its own .75 bath. (here's the link: http://bit.ly/756_Invergarry ) There is also a full bath and 2 additional two bedrooms. Beautiful large fenced yard with brick patios. On a cul-de-sac street. It will not last long. Listed at $699,900 756 W Invergarry Glendora Call Colette, Dan or Greg for more information and to set up a showing to see this beautiful home. (626)806-9614 or (626)806-9610 www.leechrealestategroup.net DRE#00899555,01716779 See more

Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process. The right agent can explain current market conditions and break down exactly what they mean for you. If you’re considering buying or selling a home this year, let’s connect so you can work with someone who has the experience to answer all of your questions about pricing, contracts, negotiations, and more.

If you are thinking of buying or selling a home or investment property please call The Leech Real Estate Group of KW: Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equityBuilding... equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability. Home equity is the difference between the current market value of your house and the amount you currently owe on your mortgage. To estimate your equity, subtract your mortgage balance from the market value of your home. You can find what you owe on your mortgage by looking at your last monthly statement or by contacting your lender. If you need help determining the current market value of your home, contact a local real estate professional. So I need you to do two things. The first, read the article linked below for more details. The second, contact the Leech Real Estate Group to find out how you can utilize equity or start gaining it. 626-806-9614 www.leechrealestategroup.net