Ellie Yung real estate | Irvine Moms

Why Low Housing Inventory Is Still Preventing Prices From Crashing

    “Home prices are falling faster now than in 2006.” This is a popular headline that has hit the news outlets recently, and it is causing even more panic for potential homebuyers. We all know the media always enjoys any bit of bad news that will get more...

Homebuying Misconceptions to Avoid

  It’s common for both first-time homebuyers and experienced homeowners to feel overwhelmed by the process of purchasing a house. Being one of the largest investments you will ever make, being fearful financially is normal! However, the worst mistake is listening...

Interest Rates: How Fast and How High Will They Climb?

    If you’re shopping for a new home now or are hoping to, you probably feel your heart racing a little. The word is out: Mortgage interest rates are on the rise. This means for the same size loan and house, borrowers will have to pay a higher monthly...

REPAIRS TO MAKE BEFORE SELLING YOUR HOME

So you’re ready to put your home on the market and to you, everything looks great. Unfortunately, much of the wear and tear on your home becomes unnoticeable when it is something you see everyday. While you may not think about the one light switch that doesn’t work or...

Supply and Demand: What does that tell us about today’s market?

    The law of supply and demand explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high and supply is very low, prices can rise significantly.  When the supply of the item decreases, prices fall. ...

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