Peggy Petta- Realtyonegroup

When the time is right for you to make a move, I’m ready to help you navigate through the entire process 🏡🙌🧡

OPEN HOUSE Sunday, November 6 12-3:30 ~
Come on By and take a look at this BEAUTIFUL HOME !!!

1162 Ukiah Way, Upland, CA, 91786 - ListReports House photos, infographics, and listing agent details for 1162 Ukiah Way, Upland, CA, 91786. This home is priced at $780000, with 3 beds, 2 baths, and 2034 sqft.

I'm delighted to bring this 3-bd, 2-ba property in Upland to market! Click on the image or contact me directly if you have any questions or would like to learn more about the listing details.

🎄⛄️🎁 ❄️❤️🎄💗 HOLIDAY BOUTIQUE 🤗

Thank you to Northkirk Presbyterian Church Rancho Cucamonga for supporting Pacific Lifeline through your Holiday Boutique! Sounds like a GREAT excuse to go shopping!!

Here's Why It's Still a Sellers' Market [INFOGRAPHIC]

While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low. The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price. You haven’t missed your opportunity to sell. DM me to start the process today.

Here's Why It's Still a Sellers' Market Some Highlights While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low. The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 3...

The latest data shows home prices are continuing to appreciate, just at a slower, decelerated pace. But that doesn’t mean they’re depreciating. If you want to know more about what’s happening with home prices in our local area, DM me, and let’s connect.

Buyers: You May Face Less Competition as Bidding Wars Ease

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you tried to buy a house over the past two years, you probably experienced this firsthand and may have been outbid on several homes along the way.

But here’s the news you’ve been waiting for: data shows clear signs bidding wars are easing this year.

According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined considerably over the past few months. This shift is happening largely because rising mortgage rates moderated buyer demand and slowed home sales, resulting in a growing supply of homes on the market. Essentially, more choices for...

Buyers: You May Face Less Competition as Bidding Wars Ease One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars. With so many buyers looking to purchase a home and so few of them available for sale, fiercely competitive bidding wars became the norm during the pandemic – and it drove home prices up. If you ...

Although housing inventory has grown substantially this year, it’s still low compared to recent years. That means as a seller, since supply is still limited, your house should still be in demand if you price it right. If you’re ready to get started, DM me.

The housing market is moving away from the peak frenzy of the past year. As buyer demand moderates, bidding wars are easing, not as many homes are selling over asking price, and the supply of homes for sale is increasing. If you’re ready to buy a home, now may be the moment you’ve been waiting for. DM me to get started.

A Trusted Real Estate Advisor Provides Expert Advice

If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market. And if you’ve turned to the news or even just read headlines recently, you might feel like you’re left with more questions than answers. The best way to make sure you get what you need is to work with an expert.

With any big milestone in life, it’s wise to seek advice from people who are experts in their field. While you likely want that advice to be perfect, perfect simply isn’t possible. But professionals have the knowledge and experience to be able to provide you with the best advice for your situation.

An expert real estate advisor knows market trends and the ins and outs of the homebuying and selling processes. They’ll use that knowledge to explain both the national headlines and what’s happening in your local area. That way, you have the best of...

A Trusted Real Estate Advisor Provides Expert Advice If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market. And if you’ve turned to the news or even just read headlines recently, you might feel like you’re left with more questions than answers. The best way to mak...

What Would a Recession Mean for the Housing Market? [INFOGRAPHIC]

If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you have questions about buying or selling a home in today’s market, DM me today

What Would a Recession Mean for the Housing Market? Some Highlights If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined ...

While the supply of homes for sale is improving, inventory is still low overall. That’s one reason experts forecast home prices will still appreciate this year in most markets, just at a more moderate or decelerated pace. If you have questions about what’s happening in the housing market today or about home prices in our area, DM me.

Houses that are priced right are still in demand today. That’s why it’s critical to work with a real estate professional who knows what houses are selling for in your area and how to price your house at its current market value. DM me so you have a pricing expert to lean on when you’re ready to sell.

As the housing market shifts away from the peak frenzy it saw during the pandemic, the supply of homes for sale is increasing. As a buyer, that gives you more options for your search. And that means it shouldn’t feel as impossible to find a home today as it has over the past two years. If you’re ready to buy your dream home, DM me today.

Planning To Retire? Your Equity Can Help You Reach Your Goal.

Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement age (65) every day, and only 47% of the people in that generation have already retired.

If this sounds like you, one thing worth considering is whether or not your current home will suit your new lifestyle. If you already own a home, you’ve likely built-up significant equity, and that can help you fuel your next move.

In fact, over the last twelve months, CoreLogic reports the average homeowner in the United States gained roughly $64,000 in equity due to home price appreciation.
You can use your equity to help you achieve your homeownership goals. Whether you want to downsize, move closer to loved...

Planning To Retire? Your Equity Can Help You Reach Your Goal. Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement...

Experts Increase 2022 Home Price Projections

If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased their projections for home price appreciation from their original 2022 forecasts

But why are experts so confident the housing market will see ongoing appreciation? It’s because of supply and demand in most markets. As Bankrate says:

“After all, supplies of homes for sale remain near record lows. And while a jump in mortgage rates has dampened demand somewhat, demand still outpaces supply, thanks to a combination of little new construction and strong household formation by large numbers of millennials.”

Knowing that experts forecast home prices will continue to appreciate in most markets and that they’ve actually...

Experts Increase 2022 Home Price Projections If you’re wondering if home prices are going to come down due to the cooldown in the housing market or a potential recession, here’s what you need to know. Not only are experts forecasting home prices will continue to appreciate nationwide this year, but most of them also actually increased thei...

What Would a Recession Mean for the Housing Market?

And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why you shouldn’t be afraid of what a recession would mean for the housing market today.

To show that home prices don’t fall every time there’s a recession, it helps to turn to the historical data. Looking at the recessions going all the way back to 1980, home prices appreciated in four of the last six recessions. So, historically, when the economy slows down, it doesn’t mean home values will fall.

Research also helps paint the picture of how a recession could impact the cost of financing a home. Historically, each time the economy slowed down, mortgage rates decreased. Fortune explains that mortgage rates typically fall during an economic slowdown...

What Would a Recession Mean for the Housing Market? According to a recent survey from the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe ...

Thinking of selling your house? If so, the supply of homes for sale is growing, and that means you’ll have more options to choose from for your move. At the same time, it’s still a sellers’ market because overall inventory is still low. If you want to get the best of both worlds and sell while your house will still stand out, DM me today.

Are you wondering what a recession could do to home values? Historical data proves an economic slowdown doesn’t mean prices will fall. In 4 of the last 6 recessions, home prices actually appreciated. This goes to show 2008 wasn’t the norm. DM me, and let’s discuss why history shows an economic slowdown doesn’t equal a housing crisis.

Is the Shifting Market a Challenge or an Opportunity for Homebuyers?

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer.

But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans.

>>The Challenge

There were many reasons for the limited number of homes on the market during the pandemic, including a history of underbuilding new homes since the market crash in 2008.

>>The Opportunity

Moderating demand is slowing the pace of home sales and that’s one of the reasons housing supply is finally able to grow. For you, that means you’ll have more options to choose from...

Is the Shifting Market a Challenge or an Opportunity for Homebuyers? If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer.

Selling Your House? Your Asking Price Matters More Now Than Ever

While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever.

During the pandemic, sellers could price their home higher because demand was so high, and supply was so low. This year, things are shifting, and that means your approach to pricing your house needs to shift too. Because we’re seeing less buyer demand, sellers have to recognize this is a different market than it was during the pandemic. Here’s what’s at stake if you don’t.

The price you set for your house sends a message to potential buyers. If you price it too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to try to...

Selling Your House? Your Asking Price Matters More Now Than Ever There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you’re thinking of selling your house?

Why the Forbearance Program Changed the Housing Market

Forbearance enabled nearly five million homeowners to get back on their feet in a time when having the security and protection of a home was more important than ever. Those in need were able to work with their banks and lenders to stay in their homes rather than go into foreclosure. Marina Walsh at the Mortgage Bankers Association notes, “Most borrowers exiting forbearance are moving into either a loan modification, payment deferral, or a combination of the two workout options." With those options in place, four out of every five homeowners in forbearance are either paid in full or are exiting with a plan. They’re able to stay in their homes.

Since so many people can stay in their homes and work out alternative options, there won’t be a wave of foreclosures coming to the market. And while rising slightly since the foreclosure moratorium was lifted this year, foreclosures today are still nowhere...

Why the Forbearance Program Changed the Housing Market When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed...

If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate, ongoing appreciation is expected. That means home prices won’t fall. DM me if you want to learn more.

Buying a Home May Make More Financial Sense Than Renting One

If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well.

That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option for you.

>>If You Need More Space, Buying a Home May Be More Affordable

What you may not realize is that, according to the latest data from realtor.com and the National Association of Realtors (NAR), it may actually be more affordable to buy than rent depending on how many bedrooms you need. So, if one of the factors motivating you to move is a desire for more space, this could be the added encouragement you need to consider homeownership.

>>Homeownership Also Provides Stability and a Chance To Grow...

Buying a Home May Make More Financial Sense Than Renting One If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says:

3 Graphs To Show This Isn’t a Housing Bubble

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, concerns creep in that this could be a repeat of what took place in 2008. But there’s concrete data to show why this is nothing like the last time.

>>There’s a Shortage of Homes on the Market Today, Not a Surplus
For historical context, there were too many homes for sale during the housing crisis (many of which were short sales and foreclosures), and that caused prices to tumble. Today, supply is growing, but there’s still a shortage of inventory available.

>>Mortgage Standards Were Much More Relaxed During the Crash
Running up to 2006, banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a home loan or refinance their current home. Today, things are different, and purchasers face much higher standards...

3 Graphs To Show This Isn’t a Housing Bubble With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there...

If you’ve been planning to sell your house but have been waiting to have more options for your move, you should know the supply of homes for sale has steadily increased this year. That means it won’t feel as impossible to find your next home as it has in the past two years. If you’re ready to start exploring homes for sale in our area, DM me today.