David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decreased by 67 homes, down 3%, and now sits at 2,017. In March, 42% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,623 less. 149 more sellers came on the market this March compared to 2023. Last ye ar, there were 2,142 homes on the market , 125 more homes, or 6% higher . The 3-year average before COVID (2017 to 2019) was 5,533, or 174% extra, more than double. ·        Demand, the number of pending sales over the prior month, increased by 79 pending sales in the past two weeks, up 5%, and now totals 1,617. Last year, there were 1,560 pending sales, 4% fewer than today . The 3-year average before COVID (2017 to 2019) was 2,668, or 65% more . ·        With supply falling and demand rising, the Expected Market Time, th...

David Deem 714-997-3486 Dave@DeemTeam.com Home prices continue to rise as we move through the summer, and that’s good news for sellers who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last? Here’s what three leading industry experts have to say about what lies ahead: Lawrence Yun,  Chief Economist,  National Association of Realtors  (NAR): “At a broad level,  home prices are in no danger of a decline  due to tight inventory conditions,  but I do expect   prices to appreciate at a slower pace by the end of the year .” Selma Hepp , Deputy Chief Economist,  CoreLogic : “The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months . . . . Nevertheless, with more new listings and new home cons...

  David Deem 714-997-3486 Dave@DeemTeam.com As vaccines are administered and travel resumes, many of us are beginning to plan for those long-awaited vacations we missed out on over the past year. Some households are focusing their efforts on buying a vacation home rather than staying in a hotel, too. The  National Association of Home Builders  (NAHB)  reports : “ Second homes  (i.e., homes sold to buyers who are not going to occupy the home year-round, but  use it as a vacation home , investment property, etc.)  account for 15 percent of new single-family home sales.” It’s not surprising that there’s an increase in demand for vacation homes. The majority of Americans are realizing they prefer to be around small groups, as shown in a recent  survey  from  The Harris Poll : “Social distancing taught consumers new things about how they like to socialize; (75%) said, ‘during COVID social distancing I realized I preferred smaller social gathe...

David Deem 714-997-3486 Dave@DeemTeam.com Transforming your bathroom into a personal home spa allows you to come home to a relaxing environment every day. By making space and removing clutter, along with adding decorative touches, you can achieve a stylish spa-like atmosphere in the comfort of your own home. Whether you enjoy the understated, nature-inspired colors or the calming atmosphere, a spa-like bathroom can be beautiful, welcoming and relaxing. Escape the ordinary with these cabinetry ideas from the experts at Wellborn Cabinet: Float your vanity. When it's time to retreat, a spa-like bathroom promises sanctuary in its design. Floating vanities mount directly to the wall, providing more floor space and creating a streamlined look. By mounting the vanity to a wall, the space is broadened, naturally making the bathroom look and feel larger while allowing for height customization.  Although the aesthetic benefits often come at the cost of limited under-sink stor...

714-997-3486 While you may have taken all the steps necessary to choose the perfect home, unfortunately, you can’t choose who lives next door. Whether they’re too loud, too messy or too nosy, there are tactful ways to handle less-than-ideal neighbors. Try the suggestions for coexisting peacefully and enjoying your new home: Start with courtesy. Be sure to start out on the right foot by being courteous and kind. Even if the neighbors don’t seem to be “your cup of tea,” do your best to get to know them and open up lines of communication. Doing so will allow you to be candid about serious matters if and when the need arises. If you haven’t established a friendly relationship from the outset, if a problem arises, things could get contentious fast. Politely establish ground rules . If your neighbors are the type who like to pop in unexpectedly--and often--don’t be shy about politely setting some ground rules...and explain why. Let them know you need downtime after work to catch up...

714-997-3486 The escrow process is an important part of buying, selling and refinancing real estate in California. Although many people are experienced in the buying and selling of homes, the actual working of escrow can remain largely a mystery. Specific rules and regulations of California escrow must be adhered to by a team of experienced people to make real estate closings successful. These rules help to protect the public and minimize risk for individuals. Providers – An escrow provider must be licensed by the California Corporations Commissioner. Providers must be a corporation and in the business of receiving escrow for deposit or delivery. Some exceptions exist, however. Certain entities do not necessarily need to be licensed to perform escrow services. These entities include attorneys with a client relationship to a principal of a real estate transaction, banks, trust companies, insurance companies or a savings and loan company. Also exempt from licensing are title compa...

714-997-3486 Summer is winding down, and as your grass grows even greener, it's time to start thinking about how you can prepare it for fall, especially if you plan to stage your home for sale. Pay mind to the following tips on late summer lawn care. Aerate the area. Late summer/early fall is a great time to aerate your soil so that oxygen, water, and fertilizer will better penetrate your grass' roots and support it as sunlight dwindles.  Mowing matters . You'll want to keep mowing all summer and into fall, but as the days shorten, move your mower blade to the lowest setting to trim the grass tight and let more light reach the crown of the grass. Bonus: less length in your grass means less leaves to turn brown come winter.  Weed, weed, weed. Take some time each weekend to weed your lawn all summer, to boost your grass growth and set it up for a healthy fall season. Lose the leaves. Raking leaves can be hard work, but doing so will save the life of your gra...

There’s no place like home—until it’s ruined by a hellacious renovation. Before you start, hammer out these details. By Kate Ashford, excerpted from  Money  Magazine So you’re standing in the yard of your new house--only it’s missing its windows, a shower is on the front porch, and there’s rainwater inside because of a hole in the roof the size of a sedan. Oh, and your contractor? Apparently he’s gone into the witness protection program. The home improvement industry gets more gripes from consumers than any other group. Among the chief grievances are contractors who abandoned projects, did shoddy work or didn’t meet local building codes. There are the basic safeguards, of course: Get references from friends who’ve had similar work done, and don’t do anything without a contract. But there are other steps that can ensure you don’t wind up being the tool in this relationship. When you call a contractor, grill him. You’d never buy a $30,000 car without doing some res...

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By Zoe Eisenberg According to new findings, the ideal age for most Americans to buy their first home is 28.  A recent Bankrate study  touted this number as the sweet spot that those surveyed seemed to gravitate to.   Of course, not everyone agrees. A quarter of men surveyed believe the ideal time to buy a first home is prior to age 25, but only 12 percent of women concur.   And region matters, too: Nearly one in five (18 percent) of Northeasterners thinks the ideal age is over 35, twice as many as any other region. This makes sense, as the cost of living in the Northeast tends to be higher, on average.   Income also impacts mindset. With so many millennials stuck under the weight of massive student loans, buying a home by 28 may seem a bit unattainable. Fifty-two percent of those making less than $30,000 per year think first-time homebuyers should be at least 30 years old, compared to 32 percent of those who make $50,000 or more per year.   So are ideals ...

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714-997-3486 As most homeowners know, appliances are not low-cost items. The average lifespan of an oven is between 12 and 16 years, and the need to purchase a new one can sneak up on you. However, there are things you can do to lengthen the life of your oven. Below are a few tips. Keep it clean.  Obviously, regularly cleaning your oven can help lengthen its life, as gunked-up ovens have to work harder to heat. Doing a good, deep clean of your oven at least once a year—or more if you use it frequently—should help. And while many ovens do have self-cleaning options, some professionals caution against them, so check with a pro about your particular model before you flick that switch. Keep rust at bay.  Rust, even if only on the outside, can shorten your oven's life span—and it looks unsightly. If dealing with rust on the outside, you can look for a rust cleaner containing oxalic acid. On the inside, keep it non-toxic by scrubbing with baking soda and vinegar. Check and rep...

714-997-3486 By John Voket Every homeowner knows they need a full range of homeowner's insurance coverage to protect them from the many contingencies that could befall them, from liabilities related to trip hazards, fire, theft and weather events. What about vacation homes? Do these second or seasonal homes need special or heightened types of insurance protection? According to our sources at Selective Insurance Group, there are a few things to take into consideration to properly protect your vacation home. Property crime  – If your vacation property is only used during certain parts of the year, and you don't rent it out, periods when it is unoccupied leave it susceptible to break-ins. Although property crime—including burglary—fell between 2016 to 2017, it's still cause for concern, the folks at Selective say. Burglary still accounted for almost two of every 10 of the estimated 7.9 million property crimes in 2016. Single-family or condo?  If you own a condomi...

714-997-3486 If you're selling your home, you're to-do list is likely stacked: call The Deem Team, get an inspection, make needed improvements, up your curb appeal, and the list goes on. Another important facet to keep in mind before listing is to make sure your plumbing is up-to-date. "When selling a home, you're going to find each buyer's home inspector will examine some of the same items," says Max Rose, owner of Four Seasons Plumbing. "It can be a worthwhile investment to make some repairs to strengthen a home's appeal to potential buyers and give sellers more negotiating power." Rose recommends sellers evaluate the state of the following items: Water heater –  The water heater is one of the more common big-ticket repairs that can arise from a home inspection. If the water heater is on the older side, a buyer may request it be serviced and flushed, if not replaced entirely, as a condition of going through with the home purchase. ...

714-997-3486 Mortgage rates roused this week, with the average 30-year, fixed mortgage at a 4.54 percent rate, up from 4.52 percent the prior week, according to Freddie Mac's Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage rate was 4.02 percent, up from 4 percent the prior week, and the five-year, Treasury-indexed hybrid adjustable mortgage rate was 3.87 percent, unchanged. "The next few months will be key for gauging the health of the housing market," says Sam Khater, chief economist at Freddie Mac. "Existing sales appear to have peaked, sales of newly-built homes are slowing and unsold inventory is rising for the first time in three years. Meanwhile, affordability pressures are increasingly a concern in many markets, as the combination of continuous price gains and higher mortgage rates appear to be giving more prospective buyers a pause. This is why new and existing-home sales are not breaking out this summer despite the healt...

By Suzanne De Vita In city cores, commuting from farther out takes time, but can save thousands, according to an analysis newly released by Zillow. In Boston, there is a 13.4 percent difference in home prices, typically, between the center of the city and locales 15 minutes out—the highest rate of savings, and totaling $57,260. In Seattle, the difference is 11.3 percent, or $54,599; in Washington, D.C., the difference is 9.4 percent, or $37,709. The analysis factored in 34 of the largest metros, in conjunction with HERE Technologies, a city intelligence and mapping platform. In approximately one-third of the cities examined, however, the opposite is true. Compared to downtown, homes are pricier in suburbs in Texas—Dallas-Fort Worth, Houston and San Antonio, specifically—and in Baltimore, Detroit and Sacramento. San Antonio has the highest premium rate, at 14.2 percent (translating to $27,509), and Dallas has the lowest, at 0.1 percent ($308). Convenience costs—but according...