3 Reasons the Housing Market is NOT in a Bubble

3 Reasons the Housing Market is NOT in a Bubble

 

3 Reasons the Housing Market is NOT in a Bubble – With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago.
Last decade, demand for housing was artificially propped up because mortgage lending standards were way too lenient. People that were not qualified to purchase were able to obtain a mortgage anyway. Prices began to skyrocket. This increase in demand caused homebuilders in many markets to overbuild.
Eventually, the excess in new construction and the flooding of the market with distressed properties (foreclosures & short sales), caused by the lack of appropriate lending standards, led to the housing crash.

Where we are today…

1. If we look at lending standards based on the Mortgage Credit Availability Index released monthly by the Mortgage Bankers Association, we can see that, though standards have become more reasonable over the last few years, they are nowhere near where they were in the early 2000s.
3 Reasons the Housing Market is NOT in a Bubble | MyKCM
2. If we look at new construction, we can see that builders are not “over building.” Average annual housing starts in the first quarter of this year were not just below numbers recorded in 2002-2006, they are below starts going all the way back to 1980.
3 Reasons the Housing Market is NOT in a Bubble | MyKCM
3. If we look at home prices, most homes haven’t even returned to prices seen a decade ago. Trulia just released a report that explained:
“When it comes to the value of individual homes, the U.S. housing market has yet to recover. In fact, just 34.2% of homes nationally have seen their value surpass their pre-recession peak.”

Bottom Line

Mortgage lending standards are appropriate, new construction is below what is necessary and home prices haven’t even recovered. It appears fears of a housing bubble are over-exaggerated.
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What Are the Experts Saying about Mortgage Rates?

What Are the Experts Saying about Mortgage Rates?

 

What Are the Experts Saying about Mortgage Rates?Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:

“In 1984, 1994, 2000, and 2013, every time we have rate increases, we have increases in nominal home prices. We expect this to be more pronounced, as there is a big demand-and-supply gap at the present time.”
“The tightening labor market, rising wage growth, high levels of consumer confidence and a millennial generation with a pent-up demand for housing should allow the housing market to weather the storm of gradually rising interest rates.”
“Although we strongly believe that the housing supply-demand imbalance for single-family homes will continue to drive above-average home price appreciation, just as falling mortgage rates aided pricing power on the margin in recent months, we expect the opposite effect to become evident in the coming months. As such, we project year-end home price inflation of 4.8% for 2017 and 4.1% for 2018.”
“A modest increase in mortgage rates won’t have much of an effect on home purchases. A buyer may need to slightly re-evaluate which homes they can afford, but it’s not likely to make an impact on qualifying, in most cases.”
“Our survey data shows that mortgage rates would have to be significantly higher to have any meaningful impact. The house buying power that borrowers have, even with rates below five percent, still remains historically strong.”
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How To Diagnose Water Leaks At Home

HOW TO DIAGNOSE WATER LEAKS AT HOME
 
Do you know that faulty plumbing can cause more than just high water use bill. 
Water leaks or faulty plumbing can cause structural damage and pose major health risks.
According to the EPA reports that in the U.S water leaks due to faulty plumbing in atypical home causes the waste of more than 10,000 gallons of water every year and ten percent of homes have leaks that waste 90 gallons of water a day. 
Here are five ways to detect common water leaks in your home
 
Water Bill
One of the most obvious way to know about water leaks in your home is when there is a sudden increase in your water bills. Some of us rarely pay attention to the usage of water in our water bill. It is important to pay attention to your water bill, specially the amount typically we pay in the monthly basis. If an unexpected spike in your water bill may indicate that there is a leak in the plumbing. Usually is typically to use more water during summer time than winter time due to the irrigation of plants.
 
 
 
Toilets Leaking
Do you know that one of the most common ways that water is wasted in most homes is due to leaking toilets. It is important to regularly check your toilets for signs of water leaks. If you hear the sound of water dripping a few minutes after flushing that is an indication of a leaky toilet. There are some times that water leaks at the toilet that cannot be detected visually or audibly. A simple way to find out a leaky in the toilet is by place drops of food coloring in the toilet tank to make sure there are not leaks. If the water remains colorless after 15 minutes that means there are no leaks. But if the bowl in the water changes color, you’ve got a leak. Replacing the flapper will fix this type of leak. 
 
Dripping Faucets
Dripping faucets, sinks, showers and tubs are  common causes of water leaks. Slow dripping might be small but it results in large amounts of water wasted overtime. It is important to regularly check all the faucets of the house to ensure that there are not leaks. Have them repair as soon as possible if you find any leaking faucets. Do you know hat one drip per second can add up to 3000 gallons per year.
Water Meter
If your water bill is to high, checking the water meter is a must. If the water meter that keeps on running is also indicative of water leaks in the house. By writing down the reading of your meter and check it again after a few hours without using  water in the house. If the reading is different that means there is a water leakage in the house.
Wet areas in your yard
Checking your lawn for any wet areas. If you notice wet areas in your lawn, there could be an underground leak. Have a professional plumber look over the wet area. Professionals have special equipments to detect any underground water leak. Also, check your irrigation system, a pipe or sprinkle head could be broken. Once when the line is detected can be easy to be repair.
Although the source of most of these water leaks can be located with a little effort, some can be hard to detect. Take your time to investigate and detect all the water leaks will save you lots of money and you will conserve water. 
 
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909-697-0823
Celina Vazquez
 
 
 
 
 
 
 
 

12359 Kern River Drive- Eastvale-CA -92880 -Celina-Vazquez-Eastvale

OPEN HOUSE

FEBRUARY 22, 2015

celina vazquez -realtor - Front-3 -12349 Kern River Dr - Eastvale -92880 -91752 -909-697-0823

12359 Kern River Drive – Eastvale, CA 92880

HUGE single family house offers 6 bedrooms, 4 bathrooms and 2 car garage with direct access.  With over 3,635 square feet of living space and a 8,712 square feet lot this house has it all. Located in the City of Eastvale this single family house has a  large family room with dual fireplace an open concept to the kitchen area. Formal dining room, formal living room and two bedrooms with 2 full bathrooms downstairs. 4 bedrooms with 2 additional bathrooms upstairs. The master suite has a large walk-in closet and large master bath with separate shower.

This beautiful home is located within .8 miles of Louis Vandermolen Elementary, .9 miles from River Heights Intermediate School and within a 1 mile from Eleanor Rosselvet High School. Eastvale is a City Located in Northwest Riverside County and it is one of the newest cities of the Riverside County which incorporated as of 2010.  There are various family parks around the area and the Eastvale Gateway Lewis Retail Centers which have Home Depot, Vons, Target, Sport Challet, BEST Buy, Edwards 14 Cinemas and various fashions stores and various restaurants like Corinos Italian Grill, Applebee’s and Corky’s Kitchen.

The Celina Vazquez Home Selling Team will be hosting an Open House this Sunday, February 22, 2015 to showcase this Eastvale luxury listing. Estate will have viewing time between

1:00 pm to 3:00 pm

No appointment necessary, but a pre-qualification is always recommended due to high interest.

Please feel free to call, text, or click for more information!

We look forward to connecting with you soon!

Celina Vazquez Home Selling Tam

909-697-0823

www.celinavazquezrealtor.com

Cal BRE # 01736989

Celina Vazquez-21

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11545 Geyser Drive – Jurupa Valley, CA 91752 – Open House – Celina Vazquez

11545 Geyser Drive – Jurupa Valley, CA 91701

OPEN HOUSE

SUNDAY, FEBRUARY 9TH, 2015
FROM 1:00 PM TO 12:00 PM

celina vazquez - realtor - front 4 - sky country - 11545 Beyser Dr - Mira Loma - 91752

Huge horse property located in the Sky Country Community of Jurupa Valley completely remodeled. Recent upgrades include a new kitchen, new bathrooms upgrades, new tile floors, new custom interior paint. The house features 6 bedroom and 3 full baths. The main house has 4 bedrooms, 2 bathrooms, family room, living room with fireplace and an individual laundry room and all new remodeled kitchen with top quality cabinets, granite counters tops and stainless steel oven. The guest house has 2 bedrooms, 1 full bathroom and a brand new kitchen with all new top quality cabinets, granite counters tops with all new stainless steel oven. All the rooms have brand new ceiling fans. This Jurupa Valley horse property is located in the Sky Country Community where you are sure to find many large lots, RV parking and horse properties.

The Celina Vazquez Home Selling Team will be hosting an Open House this Sunday, February 8th, 2015 to showcase this Jurupa Valley Listing. Estate will have viewing times between 1:00 pm – 3:00 pm.

No appointment necessary.
Please feel free to call, text or click for more information!

We look forward to connecting with you soon!

Celina Vazquez Home Selling Team
909-697-0823
http://www.celinavazquezrealtor.com

Cal BRE # 01736989

Celina VAzquez, Realtor, Realtor in Eastvale CA, Easvale Realtor, 909.697-0823-Pic 1

Have a Home to Sell? Get Your FREE Market Evaluation Here!
To Start Your Jurupa Valley Home Search, Click Here!

Jurupa Valley Real Estate Services

Equity Listings
Standard Lisitings
Short Sale Listings
Trustee Sale Listings
Probate Sale Listings
Investor Listings
First Time Home Buyer
Relocation
Vacation Homes
Second Homes
REO Sales

Homes Value Eastvale

Find Our What Your Home Is Really Worth Online Now For Free!

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Eastvale Homes Values

What’s it worth? Use the Home Value Estimator and get your home probable sell price in today’s market! Eastvale Homes Values or call 909-697-0823.

www.homesvalueeastvale.com

Putting Together A Great Open House #easvaleca #celinavazquez

Putting together a great Open House it take lot of work.
1- Selecting the right property
2- Preparing yourself
3- Preparing the owner
4- Preparing the house
5- conducting the open house with the right tools

Your need to arm your self well and have every tool available answer every question about the house that you are hosting.

Realtor Celina Vazquez covers the areas of Eastvale, Jurupa Valley, Rancho Cucamonga, Ontario, Upland, Fontana in the Inland Empire and host open houses every other weekend.

Realtor Celina Vazquez- Eastvale Realtor - Front - 12543 Black Horse St- 909-697-0823

12543 Black Horse Street, Eastvale, CA 92880

Hosting an Open House on August 31st, 2014 from 1:00 to 3:00 PM in the City of Eastvale. Stop by, Celina Vazquez Home Selling Team would love to see you there!

Celina Vazquez Realtor
Celina Vazquez Realtor

Celina Vazquez is a Real Estate Professional at Keller Williams Rancho Cucamonga Realty that specializes in the Eastvale, Jurupa Valley, Mira Loma, Rancho Cucamonga, Ontario and surrounding areas. With (over) 10 years of experience as an operation manager for a Real Estate & Property Management Company, she has a strong work ethic, extensive community and market knowledge, and effective negotiator skills.

Realtor/ Real Estate specialist in: Listing Homes, Selling Homes, Buyer Representations, Investment Properties, Residential Property Management, Luxury Homes.
Serving the areas of : Eastvale, Rancho Cucamonga, Jurupa Valley, Mira Loma, Ontario, Fontana, Corona, Norco, Riverside, Montclair, Upland, Rialto and surrounding areas.

Celina Vazquez
909-697-0823

celinalvz@gmail.com
www.celinavazquezrealtor.com