Category: Market Trends
Get Rich By Buying Your First Home
How to Get Rich (or at Least Wealthier) by Buying Your First Home If you’re looking for ways to get rich, or at least richer than you are now, signing a 30-year loan doesn’t exactly sound like the best idea, but buying a home can be a great way to start building wealth. In fact,... Read More
Make a Home Down Payment Without Wrecking Your Finances
Maximizing a home down payment can make sense: The bigger the down payment, the lower the monthly mortgage bill and the better the chance of building equity more quickly. But putting too much down could leave you without enough cash for home maintenance — or anything else. Pinpointing the right amount involves balancing the advantages... Read More
The Ultimate Home Financing Guide
Congratulations! You’re ready to buy a home. But before you start scouring the MLS, you need to secure a home loan. To ensure that the financial stage of your home buying goes smoothly, brush up on the ins and outs of the process. The three most popular types of loans: Fixed-Rate Mortgage This is... Read More
Simple Solutions for Down Payment Saving
The thought of putting thousands of dollars into a down payment for a home might bring out a lot of emotions: fear, dread, anxiety. Does any of that ring a bell? Saving for a down payment is no easy task, but it is totally achievable with the right mindset and strategy. Implement some of these... Read More
Safer Mortgages Rise From the Ashes of ’08 Financial Crash
Safer Mortgages Rise From the Ashes of ’08 Financial Crash Mortgages are safer now than they were 10 years ago. That’s the main effect the 2008-09 financial crisis has had on the mortgage market. The following loan types were popular during the housing boom in the early- to mid-2000s but are unavailable now to most borrowers:... Read More
What Is Absorption Rate and What Can It Tell Us About Our Market?
What does supply and demand tell us about our market? Let’s find out. Looking to buy a home? Search all homes for sale here. Looking to sell your home? Use our free home evaluation tool here. Current supply and demand is one component of our market that every buyer, seller, and homeowner should understand.... Read More
What Do Recent Market Trends in Temecula Mean for the Value of Your Home?
Welcome back to the Team Forss Huddle! Today, we want to give you a quick update on the Temecula Valley real estate market. In a normal market, we have around five to six months of inventory. In a slow market, we’ll see as high as a ten month supply of homes. Recently, inventory in Temecula has... Read More
Mid-Year Real Estate Market Update
Whether you’re thinking of making a move to the Temecula Valley or are already here and are considering a sale of your house or condo, having a keen grasp of the local real estate market and its performance throughout the year will be helpful. Below we’ll share a quick mid-2014 update on the Temecula real... Read More
Market Update – July 2013 [INFOGRAPHIC]
Available inventory continues to disappear as the market gets hotter and median sold prices in Temecula, Murrieta, Winchester and Fallbrook are rising with our Summer temperatures! Outlined in the infographic below, you can see that year over year in the Temecula market that median sold prices are up 32% over this time last year and... Read More
Market Update – June 2013 [INFOGRAPHIC]
The Temecula, Murrieta, Winchester and Fallbrook markets continue to heat up as we move further into 2013! You’ll notice in the infographic below that sale prices are still on the rise as are sold prices, but inventory continues to fall – in Murietta and Winchester we’re at exactly one month of inventory. Now is the... Read More
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