#yucaipa

Graham Holmes

Nov 28, 2018
2 min

The #1 Reason to Not Wait Until Spring to Sell Your Yucaipa House

Many sellers believe that spring is the best time to place their Yucaipa homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition! The #1 Reason to List Your Home in the Winter Months is Less Competition! Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The char

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Are Yucaipa Homeowners Renovating to Sell or to Stay?

Graham Holmes

Nov 16, 2018
2 min

Are Yucaipa Homeowners Renovating to Sell or to Stay?

Over the past few years, two trends have emerged in the housing market: Home renovations have shot upInventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Reportfrom the National Association of Realtors, we are currently at a 4.4-month supply. This low inventory environment has many current homeowners worried that they would be unable to fin

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2 Myths Holding Back Yucaipa Home Buyers

Graham Holmes

Nov 12, 2018
2 min

2 Myths Holding Back Yucaipa Home Buyers

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,”which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters believe that more than 20% is needed for a down payment and many renters are unaware of low–down

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Are Home Yucaipa Prices Softening or Are They Falling?

Graham Holmes

Sep 27, 2018
2 min

Are Home Yucaipa Prices Softening or Are They Falling?

We are beginning to see reports that more Yucaipa housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values. Many of these headline writers will confuse “softening home prices” with “falling home prices,” but there is a major difference between the two. The data will begin to show that home va

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25% of Yucaipa Homes with a Mortgage are Now Equity Rich!

Graham Holmes

Sep 19, 2018
1 min

25% of Yucaipa Homes with a Mortgage are Now Equity Rich!

Rising Yucaipa home prices have been in the news a lot lately and much of the focus has been on whether Yucaipa home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position. Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the proper

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Yucaipa Home Prices: The Difference 5 Years Makes

Graham Holmes

Sep 19, 2018
2 min

Yucaipa Home Prices: The Difference 5 Years Makes

CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the Yucaipa housing market was Yucaipa home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared. The graph below was created to show the 5-year change in price from July 2013 to July 2018 by price range. As you can see in the graph, the highest price appreciation

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NAR Reports Show It’s A Great Time to Sell!

Graham Holmes

Sep 11, 2018
2 min

NAR Reports Show It’s A Great Time to Sell!

We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell your house. Let’s look at the data covered in the latest Pending Home Sales Report and Existing Home Sales Report. THE PENDING HOME SALES REPORT The report announced that pending ho

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Top 3 Myths About Today’s Yucaipa Real Estate Market

Graham Holmes

Aug 29, 2018
3 min

Top 3 Myths About Today’s Yucaipa Real Estate Market

There are many conflicting headlines when it comes to describing today’s Yucaipa real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage. Today, we want to try and clear the air by shedding some light on what’s causing some of these headlines, as well as what’s truly going on. Myth #1: We

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Yucaipa Home Sales Expected to Continue Increasing in 2019

Graham Holmes

Aug 28, 2018
1 min

Yucaipa Home Sales Expected to Continue Increasing in 2019

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as for 2019. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that Yucaipa homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best

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Rent or Buy: Either Way You’re Paying A Mortgage!

Graham Holmes

Aug 27, 2018
2 min

Rent or Buy: Either Way You’re Paying A Mortgage!

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich”: “While renting on a temporary basis isn’t terrible, you should most certainly

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What Does the Recent Rash of Price Reductions Mean to the Yucaipa Real Estate Market?

Graham Holmes

Aug 23, 2018
2 min

What Does the Recent Rash of Price Reductions Mean to the Yucaipa Real Estate Market?

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Since the beginning of the year, the share of listings with a price cut increased 1.2% This is the greatest January-to-June increase ever reported, and more than double the January-to-Ju

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Graham Holmes

Aug 23, 2018
1 min

Will the Next Economic Slowdown Impact the Value of Your Yucaipa Home?

The experts agree that the next economic slowdown is on its way, but that doesn't mean that the Yucaipa housing market will be affected. Let's get together to go over the differences between an economic slowdown and a Yucaipa housing market crash so that you can make the best real estate decisions for you and your family. Call me at 951-634-4118 - Homes for Sale in Yucaipa #yucaipahomesforsale #buyayucaipahome #yucaipa #homesforsaleinyucaipa

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5 Real Estate Reality TV Myths Explained

Graham Holmes

Aug 21, 2018
2 min

5 Real Estate Reality TV Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.

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The Net Worth of a Yucaipa Homeowner is 44x Greater Than A Renter!

Graham Holmes

Aug 20, 2018
1 min

The Net Worth of a Yucaipa Homeowner is 44x Greater Than A Renter!

Every three years, the Federal Reserve conducts their Survey of Consumer Financesin which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner

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Are You Thinking of Selling Your Yucaipa Home? Competition Is Coming!

Graham Holmes

Aug 18, 2018
1 min

Are You Thinking of Selling Your Yucaipa Home? Competition Is Coming!

Whats My Home Worth - https://grahamholmes.homestats.pro/home The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. How will this impact buyers? More inventory means more options.

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Graham Holmes

Aug 18, 2018
1 min

Buying Remains Cheaper Than Renting

The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the United States. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find you your dream home. Call me to get the process started 951-634-4118 #yucaipahomesforsale #buyayucaipahome #yucaipa #homesforsaleinyucaipa

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The Wave of Millennial Yucaipa Homebuyers Continues to Swell

Graham Holmes

Aug 11, 2018
2 min

The Wave of Millennial Yucaipa Homebuyers Continues to Swell

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things. For older millennials (aged 25-34) who have established themselves in thei

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You Need a Yucaipa Agent Who Will Always Put You First

Graham Holmes

Aug 1, 2018
1 min

You Need a Yucaipa Agent Who Will Always Put You First

Whether you are a rookie Yucaipa homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well as the trends of that area, should be your goal while home shopping. One great example of an agent who is in your corner and is always looking out for your best interests is one of the main characters on ABC’s Modern Family, Phil Dunphy. For those who aren’t familiar with the charac

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Buying Is Now 26.3% Cheaper Than Renting in the US

Graham Holmes

Aug 1, 2018
2 min

Buying Is Now 26.3% Cheaper Than Renting in the US

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time that it was cheaper to rent than buy in any of the metropolitan areas. It’s no surprise, however, that those two metros are San Jose and San Francisco, CA, where median home prices ha

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The #1 Reason to Put Your Yucaipa House on The Market TODAY!

Graham Holmes

Jul 30, 2018
1 min

The #1 Reason to Put Your Yucaipa House on The Market TODAY!

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the b

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