Real Estate Market News – Consumer Confidence Index

The real estate market is tied into consumer confidence and sentiment. That is why it’s important to track the consumer confidence survey. The Consumer Confidence Index® decreased in December, following a modest improvement in November. The Index now stands at 122.1 (1985=100), down from 128.6 in November. Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018.” For the time being, it’s still a sellers market.
 
Source: December 2017 Consumer Confidence Survey®
 
Are you looking to sell your home (know someone that is), or just have questions? Call today
Posted on January 29, 2018 at 4:57 pm
Steven Galindo | Category: A Thought About Real Estate, Real Estate News

5 Reasons To Sell Your Home Early In 2018

5 Reasons To Sell Your Home Early In 2018

  1. Mortgage rates are historically low which is drawing buyers into the market before they go up
  2. Inventory is low and demand is high. The less homes on the market, the better for you. If you want top dollar, then competition from other home sellers will decrease your chances.
  3.  Home prices are still increasing
  4.  People have more money in their pocket, unemployment is on the decline
  5.  Millennials are ready to commit.  This age group is projected to account for 43% of home buyers in 2018 (source: realtor.com)

Ready to sell your home? Call today 323-717-2262

 

Posted on January 12, 2018 at 5:22 pm
Steven Galindo | Category: A Thought About Real Estate, Home Seller Advice

December 2017 Consumer Confidence Index Report…

The real estate market is driven by the emotions (and confidence) of home buyers. That’s why tracking the Consumer Confidence Index will give you an indicator of things to come in the future of real estate sales. The Consumer Confidence Index® decreased in December, following a modest improvement in November. The Index now stands at 122.1 (1985=100), down from 128.6 in November. The decline in confidence was fueled by a somewhat less optimistic outlook for business and job prospects in the coming months. Consumers’ assessment of current conditions, however, improved moderately. Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018.”

I predict the real estate market will stay steady yet may see prices increase at a slower pace.

Source: December 2017 Consumer Confidence Survey®

If you are ready to buy/sell a home or have any questions, call me today…

Posted on December 28, 2017 at 5:56 pm
Steven Galindo | Category: A Thought About Real Estate, Real Estate News

Today’s Consumer Confidence Index Report

Consumer confidence can effect the real estate market and currently the Consumer Confidence Index is down .6 point which is nominal and consumers assessment of economic conditions remains favorable

Posted on October 12, 2017 at 8:23 pm
Steven Galindo | Category: A Thought About Real Estate, Home Seller Advice, Real Estate News

What Is Escrow?

If you sell your home in California, you are likely to use the services of an escrow company. Here is what escrow does: Through negotiations, the home buyer and seller establish the property price, terms and conditions for the ownership transfer of the property. These terms and conditions are given to a third party know as the escrow holder. The escrow holder acts for both buyer and seller and protects the interests of each within the authority of the escrow instructions. Escrow Instructions, which are prepared by the escrow officer, identify all of the terms and conditions of the escrow, as well as the escrow holder’s general provisions and legal responsibilities and limitations. They are usually detailed in nature and prepare the escrow officer for every situation.

Posted on September 19, 2017 at 9:25 pm
Steven Galindo | Category: A Thought About Real Estate