Real Estate Industry News

Found 15 blog entries about Real Estate Industry News.

Local homebuyers can now envision life in a new house – all within a smartphone app. This is just one of the many high-tech ways that Pacific Sotheby’s International Realty is helping clients buy and sell properties.

CURATE by Sotheby’s International Realty is the first real estate-branded augmented reality (AR) app that allows consumers to visualize a home as their own before purchase, thereby curating the homebuying experience. By taking virtually staged images from a flat, 2D screen into the house itself through the power of AR, Sotheby’s International Realty is transforming the home buying and selling experience for agents and consumer. Once a new home is purchased, Curate can be used to help a new homeowner, through augmented reality, design and…
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Echelberger Group- Tax Deductions

As a homeowner, or soon to be homeowner, you can get some pretty sweet tax deductions from things related to your home. Some tend to change from year to year, like those for energy-efficient upgrades, others are pretty stable, like being able to deduct mortgage interest.

The tax bill that will be in force in the up and coming tax season, the Tax Cuts and Jobs Act (TCJA), has made some fairly dramatic changes to how many homeowners will file their taxes this year. Take a look at this preview of home-related points to ponder for your 2018 tax filings.

TCJA Items to Watch in 2018

When the TCJA was pushed through Congress in December 2017, many people were up in arms. The overhaul, they said, was going to be problematic for a number of reasons, which,…
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Part 2 Housing Report Summary:

The 6-and-a-half year seller’s market is drastically slowing and feels sluggish.

A Changing Market: With more supply and less demand, the overall Orange County housing market has been losing steam.

Have you ever seen a windsock used by pilots to know the direction and speed of the wind? The housing market’s windsock has been blowing extremely hard in the seller’s favor since 2012. In that time, home values have risen about 80%. Over the past couple of month, the housing windsock has dramatically changed. It is not blowing as hard. It is more of a slight evening breeze.

The Orange County housing market has evolved this year. From February through April, there was not enough supply and plenty of demand. That was how…
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The overall Orange County housing market is a seller’s market, but not at a certain price point.

A Cool Market: The housing market feels a bit frigid in the higher end compared to the rest of the market.

Recent headlines exclaim that the median sales price has reached a record level in Orange County, Los Angeles County, and all of Southern California. Article after article details the continued lack of supply, hot demand, and years of nonstop appreciation. How in the world can any local market be a buyer’s market? Technically, luxury housing favors buyers and it is anything but hot.

Orange County Housing Market Summary:

• This year, 19% fewer homes have come on the market below $500,000 today compared to last year, and there have been 25%…
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The window of opportunity to take advantage of the Summer Market is already beginning to close.

Running Out of Time: Demand will remain elevated for only six more weeks.

Summer is here! It is the season of longer days, plenty of Southern California sunshine, beckoning, sandy beaches, and refreshing dips in the pool. With summer comes all of its distractions. There are also family vacations, Disneyland, California Adventure, Knott’s Berry Farm, Magic Mountain, LEGOLAND, Raging Waters, the Discovery Science Center, Sea World, and the San Diego Zoo.

The best time of the year to sell a home, the Spring Market, is officially in the rearview mirror. It is now the Summer Market, the second best time of the year to sell a home. For some, buying a home takes…
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Pacific Sotheby’s International Realty is proud to announce that Echelberger Group has joined the company’s San Clemente office.

(San Clemente, CA, June 8, 2018) Any discussion of the San Clemente real estate market would be incomplete without a mention of Doug Echelberger’s name. The lead agent of Echelberger Group and a lifetime San Clemente resident, Doug’s industry contributions span nearly four decades. Hailing from a family of trusted real estate professionals, who for more than 21 years owned and operated a local brokerage, San Clemente Real Estate, Doug has been lauded with countless accolades for his impressive sales volume and exceptional expertise and has developed a stellar reputation for his service and commitment to his clients.

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With Memorial Day in the rearview mirror and the official start of summer almost here, many owners, as happens every year, are putting their homes on the market. But as the summer heats up the housing market often cools off. Doug Echelberger, San Clemente's #1 real estate agent and owner of Echelberger Group, offers a little perspective.

“Our market is changing as we see more For Sale signs popping up in neighborhoods, which is typical for this time of year,” noted Doug. “Steve Thomas is a friend of mine that publishes a monthly housing report that I follow and send to my clients on a regular basis. I want to share two of his charts that I feel are important to track. To the right you will find Active
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Orange County Housing Report | Sellers Beware

There has been a significant spike in the market the last two weeks, with inventory going up 9%! 

A majority of this spike was with homes under the $750,000 price point, which happens to be Orange County's hottest price point. There wasn't too much of a rise in demand, which isn't good when the inventory is that high. Back in 2017 we had a 6% rise in inventory and a 11% rise in demand. We need to pay attention to what's happening with the demand and if it's being thrown off by interest rates or another factor.

Heading into Summer we should focus on a few things: the act of inventory, how it's rising, demand, as well as our pricing. The good thing about South Orange County is our price points are a lot higher down here and the 1.25 million price point…
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OC Housing Report April 2018
Homes on the market below $750,000 are vanishing into thin air this year. Demand has skyrocketed back up causing inventory to drop dramatically in Orange County.

In San Clemente there are only six single family detached properties for sale under $800,000. The average day on the market for these homes is only 19 DAYS; which is extremely FAST.

You want to prepare yourself if you or your families are making offers at that price point. For example, make an offer strong going in because sometimes you won't get a counter offer. this is because we are doing things like shortening time frames and waving contingencies. If you're getting a loan on your property make sure your loan is already in place, lenders can pre-approve you to the point where all you need is a…
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Inventory and pricing have been increasing now that we're at the start of April. As interest rates glide upwards, it typically slows down the market. For example, if the interest rate goes up one percent, the buyer's rate goes down by eleven percent. This is a catalyst for a slower market because it takes down the purchasing power of the buyer. 

OC Housing Report

Orange County Housing Market Summary:

• The active listing inventory increased by 189 homes in the past two weeks, up 4%, and now totals 4,609. Expect the inventory to increase from now through mid-Summer. Last year, there were 4,716 homes on the market, 107 more than today.
• This year, 18% fewer homes have come on the market below $500,000 today compared to last year and 39% fewer than two years ago. Fewer…
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