Teri Vogelsang Santa Clarita Valley Homes

TV Shows About Real Estate You Just Might LOVE:
Spaced Out - Amazon Prime. Discovering amazing hidden rooms built inside a home.
Waterfront House Hunting - Amazon Prime. Daydream about these beauties.
Unsellable Homes - Netflix. Twin sisters Leslie Davis and Lyndsay Lamb have a knack for helping desperate homeowners sell their lifeless homes.
Love It Or List It - HGTV. Everyone knows this one, but it bear repeating for newcomers. After a home is fixed up, do the owners wanna stay, or go?

Did you know? The National Association of Realtors estimates
that for every 1% rates go down, 1 million new buyers enter the market.

OPEN HOUSE SAT./SUN. 12-4
✅✅✅✅
Come See This Stunning Pool Home Recently Remodeled. Located on a Quiet Cul-De-Sac First Time on the Market in 54 Years.
$1,059,000

Listed By: Keller Williams VIP Properties, 661-645-8410, Teri Gaskill-Vogelsang, 00920310
More pix:
https://terivsellsre.kw.com/property/13440-Crowley-Street-Panorama-City-CA-91402/1890077847915968

This graphic is a bit dated. Remember 3.5% interest? Well the price difference for a mortgage is even MORE pronounced with rates in the 6's. Fix Thy Credit First!

Now Vs. A Year Ago:
Assuming a borrower gets the average 30-year fixed rate on a conforming $766,550 loan, last year’s payment was $394 more than this week’s payment of $4,825.

What I see: Locally, well-qualified borrowers can get the following fixed-rate mortgages with one point: A 30-year FHA at 5.375%, a 15-year conventional at 5.25%, a 30-year conventional at 5.875%.

11 Upgrades That Actually Make Your House Harder To Sell, According to Real Estate Experts

In a competitive housing market where first impressions are everything, coming in with all the right intel on buyer psychology is key to a speedy sale. “While you only need one buyer, it’s also important that you’re putting your absolute best foot forward,” Austin-based real estate agent Ashley Ross says, adding that buyers are getting pickier these days and less willing to renovate after moving in. At the risk of staging a boring home, Ross says: (Cont.) at link.
https://bit.ly/45CXg1j

🏡✨✨NEW LISTING! NEW OPEN HOUSE THIS WEEKEND.🏡✨✨
13440 Crowley Street, Panorama City, CA 91402
Come See This Stunning Pool Home Recently Remolded. Located on a Quiet Cul-De-Sac First Time on the Market in 54 Years. Welcome to this beautifully updated 4-bedroom, 3-bathroom home nestled in the highly desirable Panorama City neighborhood. This spacious 2,164 square-foot residence offers a perfect blend of modern amenities and classic charm. More pictures and pricing at https://bit.ly/4dt2XTa
Teri Vogelsang. Keller Williams VIP Properties. CalDRE 00920310 661-645-8410

“The buyer and seller will be looped into the transaction more so we’re able to be more transparent with them about compensation,” said Barbara Clemons, president of the Bay East Association of REALTORS. “There will be more forms for the buyer and seller to fill out.”

That will be apparent when visiting an open house – buyers will be asked to sign forms and if they don’t have an agent representing them, they might not be able to get additional information about a property without an agent. Buyers will have to negotiate how much they are willing to pay the broker representing them. But sellers could incentivize a sale by offering to pay all or a portion of the buyer’s agent’s commission.
How these changes will affect commissions or the market is still a big unknown.

"There is no crystal ball. I don't believe this is a factor on its own that's going to significantly influence housing prices," Thomas said.

But it will be a learning curve for everyone looking to buy or sell a home now.

That arrow is NOT pointing at the Los Angeles market.... for now.

They say everything’s bigger in Texas, and a development project nearing completion in Georgetown is no different. Construction tech company ICON is putting the finishing touches on the world’s largest 3D-printed neighborhood in the city just north of Austin.
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“It brings a lot of efficiency to the trade market,” senior project manager Conner Jenkins told Reuters. “So, where there were maybe five different crews coming in to build a wall system, we now have one crew and one robot.”
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The community, dubbed Wolf Ranch, comprises 100 homes ranging in price from around $450,000 to $600,000; roughly a quarter have already been sold. It takes about three weeks to print the single-story residences, with a nozzle squeezing out concrete walls designed to withstand extreme weather like tornadoes and maintain cool interior temperatures during hot Texas summers.

WOULD YOU LIVE IN A NEIGHBORHOOD LIKE THIS ONE?
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Another benefit of 3D-printed housing is sustainability — research has shown that the building method can reduce waste and carbon emissions. When the Wolf Ranch project was first announced, ICON CEO Jason Ballard called it a “watershed moment in the history of community-scale development.”

Wisebread has many fine articles for homeowners. Here's another one: https://bit.ly/4dvunr8

Should You Use a Personal Loan or a Home Equity Loan to Remodel Your Home? Looking to remodel your home? Here's how to decide between a personal loan and a home equity loan to pay for it.

Just because we don't have basements doesn't mean we need to skip this. https://bit.ly/3YxVeig

Home inspection warning: The biggest thing many buyers miss Most home buyers pay an inspector to go over their home before closing, but miss this important part of the inspection, that could lead to costly repairs.

With some Baby Boomers handing their homes down to their children, this article has a few notes of interest: https://bit.ly/46Ajty3

5 Things to Know Before Adding Someone to the Deed Before you add someone to the deed on your home, you should be aware of these five things.

As expected, the Fed held interest rates steady at its July 31 meeting but laid the foundation for rate cuts to start in September. This is unlikely to impact mortgage rates this week, but their gradual decline should continue. Rates have already come down from their recent peak in mid-April, and homebuying demand has yet to improve, perhaps because some homebuyers are waiting for rates to fall while others may wait until after the election.

California single-family homes were sold at a 270,200 annual rate in June.
How slow is that?

While it’s just off 3% in a year, it’s down 32% compared with the quaint, pre-pandemic days of 2018-19.

Which place is dreamier?

For all types of homes, prices rose this year from last.

California homeowners are suing the FAIR Plan, that state’s last option for those needing fire insurance, accusing it of failing to provide the legally required coverage for smoke damage. The class action case, filed Wednesday in Alameda County court, is being brought on behalf of the more than 350,000 policyholders on the FAIR Plan – a state-created pool of private insurers required to provide fire coverage to homeowners who can’t find it elsewhere.

Attorney Dylan Schaffer, representing the plaintiffs, said the goal is to force the FAIR Plan to cover the full costs of cleaning homes inundated by smoke during wildfires, a process that can cost tens of thousands of dollars. The lawsuit is seeking required coverage, not monetary damages. In response to complaints of denied smoke claims, the California Department of Insurance determined in a May 2022 report that FAIR Plan policies didn’t meet state coverage requirements. Source: East Bay Times