Posts

4 Luxe Bathroom Ideas to Pull From Hotels

Image
David Deem 714-997-3486 Dave@DeemTeam.com Nothing is quite as relaxing as enjoying a luxurious hotel room. Between fine bed linens to a spa-like bathroom, when you stay at a great hotel, it can be hard to want to leave. Luckily, you can take that feeling with you when you leave—and you don’t have to steal the bathrobes to do it.  Waffle Shower Curtain Your utilitarian shower curtain may be doing its job just fine, but if it doesn’t currently evoke that spa-like quality, it may be time for an upgrade. Leave the plastic and themed shower curtains for the kids’ bathroom and opt instead for a monochrome waffle shower curtain. These heavy-duty fabric curtains may offer instant sophistication, but they can also be easily cleaned in the washing machine making them practical for everyday living. Waterfall Shower Head  You may not be able to arrange for regular room service in your home, but you can easily start the day with a luxurious shower every morning. Your current shower head may be serv
Post a Comment
Read more

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Image
David Deem 714-997-3486 Dave@DeemTeam.com With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble this time After the last housing crash, about  9.3 million  households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the overwhelming fear was the pandemic would decimate the housing industry in a similar way. Many experts projected  30% of all mortgage holders  would enter the forbearance program. Only 8.5% actually did, and that number is now  down to 3.5% . As of last Friday, the total number of mortgages still in forbearance stood at   1,863,000 . That’s definitely a large number, but nowhere near 9.3 million. 2. Most of the 1.86M in forbearance have enough equity to sell their
Post a Comment
Location: Orange, CA, USA
Read more

A Look at Housing Supply and What It Means for Sellers

Image
David Deem 714-997-3486 Dave@DeemTeam.com One of the hottest topics of conversation in today’s real estate market is the shortage of available homes.  Simply put, there are many more potential buyers than there are homes for sale.  As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. But as life begins to return to normal, you may be wondering if that’s something that will change. While it may be tempting to blame the pandemic for the current inventory shortage, the pandemic can’t take all the credit. While it did make some sellers hold off on listing their houses over the past year, the truth is the low supply of homes was years in the making. Let’s take a look at the root cause and what the future holds to uncover why now is still a great time to sell. Where Did the Shortage Come From? It’s not just today’s high buyer demand. Our low supply goes hand-in-hand with the number of new homes built over
Post a Comment
Location: Orange, CA, USA
Read more

Today’s Real Estate Market Explained Through 4 Key Trends

Image
David Deem 714-997-3486 Dave@DeemTeam.com As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four key components that are shaping this unprecedented market. A Shortage of Homes for Sale Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest  Monthly Housing Market Trends Report  from  realtor.com  says: “In June,  newly listed homes grew by 5.5% on a year-over-year basis , and by 10.9% on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared to May.  This year, growth in new listings is continuing later into the summer season, a welcome sign for a tight housing market .” This is good news for buyers who crave more options. But even though w
Post a Comment
Location: Orange, CA, USA
Read more

3 Hot Topics in the Housing Market Right Now

Image
David Deem 714-997-3486 Dave@DeemTeam.com If you’re a prospective buyer or seller, it’s important to understand the current real estate market conditions and how they affect you. The  Counselors of Real Estate  (CRE)  just released its  Top Ten Issues Affecting Real Estate  report. Here are three hot topics from the list and how they impact today’s housing market. Technology Acceleration and Innovation The past year ushered in many changes to the real estate industry, especially when it comes to technology. The CRE report elaborates on this: “Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside.  The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception. ” For real estate, innovations like digital documentation, virtual tours, and video chat enable agents to connect with clients no matter their location. These options are ideal for prospecti
Post a Comment
Location: Orange, CA, USA
Read more

Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too?

Image
  David Deem 714-997-3486 Dave@DeemTeam.com Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs. Working from Home Isn’t a Passing Fad Before the pandemic, only 21% of individuals worked from home. However, if you’ve recently discovered remote work is your new normal, you’re not alone. A  survey  of hiring managers conducted by  Statista  and  Upwork  projects  37.5% of U.S. workers will work remotely in some capacity over the next 5 years  ( see chart below ): Working from Home Gives You More Flexibility and More Options If you fall in that category, working from home may provide you with opportunities you didn’t realize you had. The ongoing rise in remote work means a portion of the workforce no longer needs to be tied to a specific area for their job. Instead, it gives tho
Post a Comment
Location: Orange, CA, USA
Read more

Orange County Housing Summary: July 27, 2021

Image
  David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory increased by 9 homes in the past two-weeks, nearly unchanged, and now totals 2,537, its highest level since January. In June, there were 12% fewer homes that came on the market compared to 5-year average between 2015 to 2019 (2020 was skewed do to COVID-19), 476 less. Last ye ar, there were 4,590 homes on the market, 2,053 additional homes, or 81% more. ·        Demand, the number of pending sales over the prior month, increased by 51 pending sales in the past two-weeks, up 2%, and now totals 2,812. Last year, there were 3,200 pending sales, 14% more than today , due to a delayed Spring Market. ·        With a slight increase in the supply and an increase in demand, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, remained unchanged at 27 days in the past couple of weeks, its highest level since February, but still an extremely Hot Seller’s
Post a Comment
Read more