First Team Real Estate

This year, the housing landscape has dramatically changed compared to last year. The streets are now dotted with more FOR-SALE signs and more OPEN HOUSE directional arrows, and houses are lingering longer on the market. Sellers are entering with high hopes of immediate success, but the reality is different. The once-hot and high-paced market has slowed down significantly. The plethora of signs indicates the need for a new strategy to achieve success.

DM me today to get the full report and read about the significant changes in inventory levels year-over-year. Discover how to navigate this evolving market in our comprehensive report. Take advantage of critical inventory insights and strategies to stay ahead in today’s housing game!

Mortgage rates declined for the third consecutive week in a shred of good news for Americans dealing with a still-tough housing market.

Mortgage rates fall for the third straight week, dipping below 7% | CNN Business

The housing market's limited inventory has buyers eagerly scanning new listings, scrutinizing every detail. The first week a home is on the market is critical, as it garners the most attention. Buyers focus on the condition, upgrades, amenities, location, and, even more importantly, the asking price.

Correct pricing from the start is essential, especially in a slowing market. Savvy buyers know when a seller is stretching the asking price. The asking price is the most critical first impression. After the initial ten days, buyer interest wanes.

Want to find the hidden costs of incorrectly pricing your home? This month’s Report on Housing will help articulate the importance of accurately pricing a home initially to secure a successful sale. Message me for a copy of the full report!

Home prices reached a new record in March amid an ongoing housing shortage, even as high mortgage rates pushed affordability out of reach for more Americans.

Housing prices soar to a new all-time high in March U.S. home prices continued to soar higher March, according to data published Tuesday, as would-be homebuyers compete for a scarce number of homes for sale.

Wishing you all a safe and amazing Memorial Day weekend! Be grateful for those who sacrificed their lives for the freedoms we enjoy now and in the future!

The pandemic caused supply-related disruptions in numerous industries, and the housing market was no exception. Inventories hit unprecedently low levels to start 2022. By the second half of 2022, as rates skyrocket higher, the housing market was faced with a slew of homeowners now locked into low rates and ultimately unwilling to move, further exacerbating the supply crisis. However, in 2024, a new trend emerged: despite high interest rates, more homeowners are finally listing their homes. While the inventory may still be limited and not even close to returning to pre-pandemic levels, there are finally more choices for buyers looking to secure a home!

Message me today for the entire report and receive further insights and updates on the latest trends emerging in the 2024 Spring housing market!

OPEN HOUSE this Saturday 5/11 from 11 AM - 3 PM

Welcome to your oasis in North Tustin! Nestled in the sought-after Shady Hollow neighborhood, this single-story gem offers luxurious living at its finest.

Step inside to discover a recently remodeled haven boasting high ceilings and an open floor plan, accentuated by beautiful hardwood floors throughout. The gourmet kitchen features granite countertops, top-of-the-line appliances, and abundant natural light streaming through double-pane doors and windows.

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Tucked away in a peaceful cul-de-sac, this home invites you to embrace the serene lifestyle of North Tustin. Whether you're downsizing or seeking one-story living, this meticulously maintained retreat promises luxury and relaxation in a coveted location. Don't miss out on making it yours!

Visit https://bit.ly/janecircle for Property Details. See you this weekend!

Millennials hitting their early 30s are eager to buy starter homes, but with high mortgage rates and prices, many are sidelined. The starter home market ($750,000+) has struggled with limited supply and limited sales. For the rest of the market, there are more FOR-SALE signs and more closed sales. The starter home market is feeling the squeeze.

DM me for a copy of the full report to get a comprehensive view and insights on the first-quarter breakdown of the new supply of available homes and closed sales. Don't miss out on understanding the nuances that shape each price range within the housing landscape!

These reports are designed to set expectations. Here is a sneak peek of the latest report:

I have a Very Qualified Buyer interested in moving into Fairmont Hill in Yorba Linda. If you have considered a move, please reach out to me! Curious about what your home is worth? Visit homevalue.ericduncanproperties.com and Get a free home value estimate instantly!

Set in Naples, FL, the attention-grabbing, 9-acre property known as Gordon Pointe made waves when The Wall Street Journal broke the story of the offering. The place was reportedly amassed by the late financier, John Donahue.

Can the Nation's Most Expensive Home Actually Fetch Its $295M Asking Price? The pricey property captured attention on the web, where it landed atop the list of most expensive homes of the week.

Planning ahead and getting one’s buying power firmed up early will give a potential homebuyer a leg up on those that are just thinking of preparing themselves,

What Will the Housing Market Look Like Once Mortgage Interest Rates Drop? Here's What Homebuyers Can Expect Mortgage rates are finally headed downward. Experts predict what that means for homebuyers and the housing market in general.

Build-to-rent is attracting powerhouse investors. Here’s what’s next for the sector:

Build-to-rent is attracting powerhouse investors. Here's what's next for the sector - HousingWire The growth of the build-to-rent sector has been heavily concentrated in a few states, but experts see a bright future ahead.

Jim Carrey, famous for starring in a long list of films including “The Mask” and “Bruce Almighty,” has lowered the price of his longtime Los Angeles lair to $23,950,000.

Alrighty Then! Jim Carrey Drops the Price of His Sprawling L.A. Compound to $24M The actor, who’s been busy working on “Sonic the Hedgehog 3,” initially listed the estate in February 2023 for nearly $29 million.

Love is in the air, and so is your dream home! Whether you're buying or selling, let's connect to make your real estate dreams a reality this Valentine's Day 💕

New listings each week, which were record few last year, are growing now, and home sellers are gradually easing back into this market.

Can demand keep up?

Sellers Are Coming Back to the Market. Can Buyers Keep Up? New listings each week, which were record few last year, are growing now, and home sellers are gradually easing back into this market. Can demand keep up?

May the Year of the Dragon be filled with an abundance of smiles and laughter. Wishing you safety, good spirit and peace wherever you go.

Happy Chinese New Year.

January is the month to sign up for the Homeowners’ Exemption that reduces your tax burden by $7,000 if the home is your primary residence as of January 1st.

That translates to an actual reduction of $70 to a homeowners’ tax bill. To get the entire savings, the homeowner must fill out an application on their county website and they are good to go. The deadline is February 15th to get the entire savings.

However, if you miss the deadline, the homeowner still gets a prorated amount and the entire savings in the following years. Homeowners need only apply once to receive these
savings annually. The savings continue until a change (such as a sale) is recorded. Remarkably, a high number of owners don't take advantage of this tax savings, leaving millions of dollars unclaimed each year. Across the County, hundreds of thousands of
families can be saving on their tax bills!

The Homeowners’ Exemption is even more important now than ever before because of Proposition 19. Prop. 19 changes the rules that apply to transfers between parents and children and grandparents to grandchildren. It mandates that any property not being used as the primary residence will not be eligible for the transfer of the existing lower tax rate.

Message me and I can provide you a link to apply for this homeowner exemption in Orange, Los Angeles, Riverside, San Bernardino Venture, and San Diego Counties

The deadline is February 15th!

Mortgage rates are expected to slowly decline this year, but home buyers can take steps to help accelerate the process!

How to Get a 6% Mortgage Even Before the Fed Cuts Rates Mortgage rates are expected to slowly decline this year, but home buyers can take steps to help accelerate the process