Moderno Realty

You could be eligible for Down Payment Assistance for your new home purchase!

Find out if you're eligible by following the link below.

https://www.workforce-resource.com/dpr/pmt/CRMLS/LUIS_MARTINEZ_2

🔔

Residential Lot For Sale in Clearlake CA❗️

Almost 5,000 sqft lot is 4 minutes away from the Lake, Restaurants, Grocery Stores, Gas Stations and more! The residential lot has so much potential, build your dream cabin or park your RV for the weekend and enjoy the tranquility. Services are in street and property is fenced.

Asking $28,000

Luis Martinez
Moderno Realty
562-248-6655
Lic # 01307472
Hablo Español!

# Land

Southern California Market Update - December 2022❗️

November 2021 the median price of homes was $740,000
November 2022 the medium price of homes is $750,000
Making it a +1.4% increase from last year.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/Mean-XzQ

Southern California Market Update - November 2022❗️

October 2021 the median price of homes was $730,000
October 2022 the medium price of homes is $745,000
Making it a +2.1% increase from last year.

Note: Although there was a +2.1% increase in median price from last year this October, there was a -1.97% decrease in median price from September to October.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/Mq75-mwi

Southern California Market Update - September 2022❗️

September 2021 the median price of homes was $730,000
September 2022 the medium price of homes is $760,000
Making it a +4.1% increase from last year.

Note: There was a slight increase in the median sales price from August to September even though new mortgage applications and home resales have been falling due to mortgage rates continuing to increase. Reason for an increase in medium sales price could be the lack of inventory in homes for sale as it still remains lower than average.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/ag5e-8jJ

Southern California Market Update - September 2022❗️

August 2021 the median price of homes was $735,000
August 2022 the medium price of homes is $760,000
Making it a +3.4% increase from last year.

Note: Although there has been a medium sales price increase year over year, there has been a continued medium price drop for the past four months. From July 2022 to August 2022, the medium price dropped from $777,000 to $760,000 making it a 2.18% drop. Also making it a 7.31% drop from the peak month of April 2022.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/aAy0-CfW

Bank of America announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers, which will be available in designated markets, including certain Black/African American and/or Hispanic-Latino neighborhoods in Charlotte, Dallas, Detroit, Los Angeles and Miami. The Community Affordable Loan Solution™ aims to help eligible individuals and families obtain an affordable loan to purchase a home.

Link below to view the article...



https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/08/bank-of-america-introduces-community-affordable-loan-solution--t.html

Español 👉🏻 https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/08/bank-of-america-presenta-community-affordable-loan-solution--par.html

Bank of America Introduces Community Affordable Loan Solution™ to Expand Homeownership Opportunities in Black/African American and Hispanic-Latino Communities Bank of America today announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers, which will be available in designated markets, including certain Black/African American and/or Hispanic-Latino neighborhoods in Charlotte, Dallas, Detroit, Los Angeles and Miami.

Southern California Market Update - August 2022❗️

June 2021 the median price of homes was $740,000
June 2022 the medium price of homes is $780,000
Making it a +5.4% increase from last year.

Note: Although there has been a medium sales price increase year over year, there has been a continued medium price drop for the past three months.

Follow the link below👇🏻 to view the live market data.
crmls.stats.10kresearch.com/infoserv/s-v1/LVzX-UkF

Southern California Market Update - July 2022❗️

June 2021 the median price of homes was $730,000
June 2022 the medium price of homes is $800,000
Making it a 9.6% increase from last year.

Note: Even though the median price rose 9.6% from last year. The median price from May to June of 2022 fell 0.60% and fell again from June to July 1.84%. This indicates peak of market was April 2022 and Real Estate prices are now trending down.😳

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/LuFx-6bM

Home Owners: Can you have an ADU on you property?

Learn instantly if you can have an ADU on your property from Symbium Build ➡️ build.symbium.com

Enter your address and check if your property is eligible for an accessory dwelling unit.

National Payment to Income Ratio by Black Night Mortgage Monitor.

Housing costs to current income levels within similar levels of all time high since 2006 📈

May marked the least affordable housing since July 2006, and ranked among the three least affordable months on record.

Find the full article in the link below.
https://calculatedrisk.substack.com/p/black-knight-mortgage-monitor-housing?s=r

Home prices could fall, but is it a bubble?

NPR analysis the current Real Estate market and kinda answers the current question that's on everyones mind right now. Is the current Real Estate market in a bubble?

If you have the time, check it out, it's only a 9min listen.

Home prices could fall, but is it a bubble? : The Indicator from Planet Money Housing prices all over the country are rising at historic rates. Some are concerned about a housing bubble and crash like the one in 2008. So what's happening?

❗️Southern California - Market Update - June 2022
June 2021 the median price of homes was $730,000
June 2022 the medium price of homes is $815,000
Making it a +10.9% increase from last year.

Follow the link below to view the live market data 👇🏻
https://crmls.stats.10kresearch.com/infoserv/s-v1/KcPe-kjy

#2022

For Sale 🔜 3/25/2022

3 Bedroom, 2 Full Bathrooms, 1,046 Sqft of living space on a 5,933 Sqft Lot Singe family residence in La Puente near City of Industry. Newly fenced backyard with patio area. Central AC/Heat throughout with smart temp thermostat. Washer/Dryer hookups in Garage. Security camera system. Open kitchen with island bar top seating plus dining table area. Access to 605 fwy, 60 fwy and 10 fwy. Bassett Park down the street that includes Soccer Field, Water Splash Pad, Playground, Skate Ramp, BBQ area. Vineland Swap meet across the street. Near restaurants and some of the best street food. More photos coming soon.

For more information visit 👉🏻 312Vineland.com

❗️Southern California - Market Update - March 2022

February 2021 the median price of homes was $655,000
February 2022 the medium price of homes is $738,750
Making it a +12.8% increase from last year.

Follow the link below to view the live market data 👇🏻

https://crmls.stats.10kresearch.com/infoserv/s-v1/D8Qm-Tvu

#2022

Homeowners and Renters!

Find out if you are eligible to receive rebates for your energy star certified appliances, Tankless Water Heater, Natural Gas Furnace, High Efficiency Toilets, Lawn Replacement Program and more.

Rebates offered by:
www.bewaterwise.com
www.socalwatersmart.com
www.socalgas.com
www.sce.com

Visit each website above to find out if you're eligible for any rebates. Informacion disponible en español.

❗️Southern California - Market Update - February 2022

January 2021 the median price of homes was $630,000
January 2022 the medium price of homes is $722,000
Making it a 14.6% increase from last year.

Follow the link below to view the live market data 👇🏻
https://crmls.stats.10kresearch.com/infoserv/s-v1/rvLu-FBc

#2022

Down Payment Myths - Despite the current hype around home buyers paying all-cash for homes, the majority of home buyers finance their home purchase.

Read the full blog here 👇🏻 https://www.modernorealty.com/2022/01/17/down-payment-myths/?source=197

California has launched a California Mortgage Relief Program as part of the state’s Housing is Key initiative. The program will use $1 billion in federal funds, made available by the 2021 American Rescue Plan Act’s Homeowner Assistance Fund, to provide aid to qualified homeowners who have fallen behind on their housing payments due to the pandemic.

Visit California Mortgage Relief website for all the details: https://camortgagerelief.org

❗️Southern California - Market Update - January 2022

Apart from Feb-April's price hikes this 2021, we seen prices of homes level off somewhat the rest of the year. My prediction for this year will be based on what Mortgage Interests rates do throughout the year. If rates move up slightly we will see prices stay level, if rates stay the same, we will see a small increase in prices. Considering other economic factors that can effect the Socal Real Estate Market. I will be looking at other indicator like jobs and GDP growth that usually influence interest rates.

December 2020 the median price of homes was $638,000
December 2021 the medium price of homes is $732,000
Making it a 14.7% increase from last year.

Follow the link below to view the live market data 👇🏻
https://crmls.stats.10kresearch.com/infoserv/s-v1/rEoG-ISK

#2022

❗️California - Market Update - December 2021

Home prices continue to remain level as the year comes to an end. The big question asked every end of year is, what will home price do next year? 🤔

November 2020 the median price of homes was $640,000
November 2021 the medium price of homes is $740,000
Making it a 15.6% increase from last year.
Follow the link below to view the live market data 👇🏻

https://crmls.stats.10kresearch.com/infoserv/s-v1/zZG3-tE6

❗️California - Market Update - November 2021

Home prices leveled off from September through October. Did home prices in SoCal level off because of Mortgage Rates finally rising or because of end of year traditional winter slowdown 🤔

October 2020 the median price of homes was $645,000
October 2021 the medium price of homes is $738,000
Making it a 14.4% increase from last year.

Follow the link below to view the live market data 👇🏻
https://crmls.stats.10kresearch.com/infoserv/s-v1/zZG3-tE6

❗️California - Market Update - October 2021

Home prices dropped slightly from August to September in SoCal, then maintained the same level until now. Could there be a slowdown in rising home prices or a slight downturn because we're exiting the summer months 🤔

September 2020 the median price of homes was $640,000
September 2021 the medium price of homes is $735,000
Making it a 14.8% increase from last year.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/s9V7-5OD

The new SB9 bill that just passed into law in California is a game changer for Residential Homeowners! 😱

"The HOME Act facilitates the process for homeowners to build a duplex or split their current residential lot, expanding housing options for people of all incomes that will create more opportunities for homeowners to add units on their existing Single Family properties."

https://www.gov.ca.gov/2021/09/16/governor-newsom-signs-historic-legislation-to-boost-californias-housing-supply-and-fight-the-housing-crisis/

SB9 Bill 👉🏻https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220SB9

Governor Newsom Signs Historic Legislation to Boost California’s Housing Supply and Fight the Housing Crisis | California Governor Governor Newsom’s California Comeback Plan will lead to over 84,000 new housing units and exits from homelessness, including today’s announcement of $1.75 billion in affordable housing funding for the…

❗️California - Market Update - August 2021

Home prices rose slightly this July from June 2021 🧐

July 2020 the median price of homes was $610,000
June 2021 the medium price of homes is $740,000

Making it a 21.3% increase from last year.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/XNCZ-vDS

New Website Makes it Easier to Find Rental Assistance 👇🏻

https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/renter-protections/find-help-with-rent-and-utilities/

Find rental assistance programs for your location | Consumer Financial Protection Bureau Federal rental assistance is being distributed in communities to help landlords and renters who are struggling to keep up with rent and other bills.

California - Market Update - July 2021

Did home prices hit the ceiling this past June!
12.9% price drop from May to June 🙀

Here are the numbers👇🏻

June 2020 the median price of homes was $580,000
compared to $553,000 the previous month in 2020.

June 2021 the medium price of homes was $730,000
compared to $739,900 the previous month this year.

Making it a 25.9% increase from last year but a
12.9% decrease from last month that was 38.8%.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/ycSt-8Rd

California - Market Update - June 2021

Prices of homes just keep going up ⬆️
Check out the numbers below 👇🏻

May 2020 the median price of homes was $553,000
May 2021 the medium price of homes is $739,900
Making it a 38.8% increase from last year.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/ycSt-8Rd

California - Market Update - May 2021

Check out the numbers below 👇🏻

April 2020 the median price of homes was $565,000
April 2021 the medium price of homes is $725,000
Making it a 28.3% increase from last year.

Follow the link below👇🏻 to view the live market data.
https://crmls.stats.10kresearch.com/infoserv/s-v1/y3YI-aMi