If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market. This may have left you with some uncertainty, especially if you're considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today. According to a recent Continue Reading
Oops! Home Prices Didn’t Crash After All
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.” Mark Zandi, Chief Economist at Moody’s Continue Reading
What Are the Experts Saying About the Spring Housing Market?
The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now. Here’s what industry experts are saying right now about the spring housing market and Continue Reading
Why Aren’t Home Prices Crashing?
There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices would end up crashing. Even though we’re no longer seeing the buyer frenzy that drove home Continue Reading
Advantages of Buying a Big Bear Home Today
There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to rising mortgage rates. Here are three reasons potential homebuyers should Continue Reading
What You Need to Know About Inventory in Big Bear
Here’s one key factor that could help you with your decision to buy a Big Bear home: there are more homes for sale today than there were at this time last year. There are more homes available for sale than there were at the same time in 2021. And having more options for your home search may be exactly what you need to feel confident about making a move. Here’s a look at where the Continue Reading
6 Tips on How to Score a Hot Property in Big Bear
Get in the Game and Score in Big Bear - Here's How: 1. Trust your agent Find an agent in Big Bear with whom you have chemistry, someone you can trust. Your agent is your eyes and ears in the market and will be the first to alert you to properties that match your criteria. Commit to your agent who is committed to finding your property as soon as it reveals Continue Reading
Business as (un)Usual in Big Bear During COVID-19
While we are all doing our part to beat COVID-19, and we will, we also want you to know that the BigBearRealEstate.com team is here for you in Big Bear! For instance, if you own a cabin in Big Bear, and have not been able to visit for awhile, reach out to us and we'll go check on it for you. If you are wondering what is going on in Big Bear, in the real estate market or otherwise, reach out to Continue Reading
Closing Costs Cleared Up
What can I expect to pay in closing costs when buying a cabin in Big Bear? Buyers' closing costs can make up anywhere from 2-5% of the home's purchase price. Buyers should know what they should budget for the costs involved in closing a real estate transaction. See below the helpful infographic produced by the California Association of Realtors with data derived from the National Association Continue Reading
How to Assess a Return on a Big Bear Vacation Investment Property
4 Ways to Assess a Return on a Big Bear Vacation Investment Property 1. Hire a Big Bear Real Estate professional who can properly analyze a revenue return on a property. You need an agent who knows her stuff about how a Big Bear vacation rental investment property will perform. If your agent is simply agreeing with everything you say you want in a revenue return on your investment, that is a Continue Reading
