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Are We in a Housing Bubble? Experts Say No.

Are We in a Housing Bubble Experts Say No

The question of whether the real estate market is a bubble ready to pop seems to be dominating a lot of conversations – and everyone has an opinion. Yet, when it comes down to it, the opinions that carry the most weight are the ones based on experience and expertise.

Here are four expert opinions from professionals and organizations that have devoted their careers to giving great advice to the housing industry.

The Joint Center for Housing Studies in their The State of the Nation’s Housing 2021 report:

“… conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.”

Nathaniel Karp, Chief U.S. Economist at BBVA:

“The housing market is in line with fundamentals as interest rates are attractive and incomes are high due to fiscal stimulus, making debt servicing relatively affordable and allowing buyers to qualify for larger mortgages. Underwriting standards are still strong, so there is little risk of a bubble developing.”

Bill McBride of Calculated Risk:

“It’s not clear at all to me that things are going to slow down significantly in the near future. In 2005, I had a strong sense that the hot market would turn and that, when it turned, things would get very ugly. Today, I don’t have that sense at all, because all of the fundamentals are there. Demand will be high for a while, because Millennials need houses. Prices will keep rising for a while, because inventory is so low.”

Mark Fleming, Chief Economist at First American:

Looking back at the bubble years, house prices exceeded house-buying power in 2006 nationally, but today house-buying power is nearly twice as high as the median sale price nationally…

Many find it hard to believe, but housing is actually undervalued in most markets and the gap between house-buying power and sale prices indicates there’s room for further house price growth in the months to come.”

Bottom Line

All four strongly believe that we’re not in a bubble and won’t see crashing home values as we did in 2008. And they’re not alone – Goldman Sachs, JP Morgan, Morgan Stanley, and Merrill Lynch share the same opinion.

Contact us if you have more questions or want to know more about of today’s Real Estate Market.

Ready to be a Homeowner? Let’s get together today to find your Dream Home!

Not just a Realtor, your Realtor!
Ady Simion
Ady@AdySimion.com
Call/Text at 626-607-8652

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

Top Reasons To Own Your Home

top reasons to own home 3

Some Highlights

♦ June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.

♦ If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year.

♦ Let’s get together today to determine if homeownership is the right next step for you.

Source KCM

Ready to be a Homeowner? Let’s get together today to find your Dream Home!

Not just a Realtor, your Realtor!
Ady Simion
Ady@AdySimion.com
Call/Text at 626-607-8652

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

Are Interest Rates Expected to Rise Over the Next Year?

mortgage rate proyection 2021

So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say.

Danielle Hale, Chief Economist, realtor.com:
“Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):
“In 2021, I think rates will be similar or modestly higher . . . mortgage rates will continue to be historically favorable.”

Freddie Mac:
“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

The table contains the most recent mortgage rate forecasts from four top authorities – Freddie Mac, Fannie Mae, the Mortgage Bankers Association (MBA), and NAR:

Bottom Line
If you’re planning to buy a home, purchasing before mortgage interest rates rise may help you save significantly over the life of your home loan. Contact me and let’s get together to determine your best move.

Not just a Realtor, your Realtor!
Ady Simion

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

SOLD – 11788 Concord Court, CHINO

🔥🔥🔥JUST SOLD🔥🔥🔥

Represented Both Buyers and Sellers. Everyone Happy!!!
Who’s NEXT?

4 beds * 3 baths * 3,190SqFt

$855,000

11788 Concord Court
Chino, CA

Ready to be a Homeowner?
Let’s get together today to find your Dream Home!
.
Not just a Realtor, your Realtor!
Ady Simion
Ady@AdySimion.com
Call/Text at 626-607-8652

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

SOLD – 125 E Sierra Madre Blv #B, SIERRA MADRE

🔥🔥🔥 Just Closed Escrow!!!🔥🔥🔥
We represented the Buyers on this one.
In this crazy Seller’s market getting your offer accepted is not as easy as it used to be.

There are Multiple Offers on every home. It takes skill to get it done.

Who you’re working with matters!
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125 E Sierra Madre Blv Unit B
SIERRA MADRE, CA
.
2bed/3bath
1,429 SqFt
$720,000
.
Ready to be a Homeowner?
Let’s get together today to find your Dream Home!
.
Not just a Realtor, your Realtor!
Ady Simion
.
DRE # 01897269

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

SOLD – 575 Elliott Dr, PASADENA

🔥🔥SOLD🔥🔥

Happy seller!😉

$2,400,000 

4Bed/3Bath

575 Elliott Dr
Pasadena – Oak Knoll District

Ready to be a Homeowner?
Let’s get together today to find your Dream Home!

Not just a Realtor, your Realtor!

Not just a Realtor, your Realtor!
Ady Simion

DRE # 01897269

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

IN ESCROW – 11788 Concord Court, CHINO

🔥IN ESCROW🔥
within a week with over 7% above asking.

We had 37 showings and 6 offers.

Our seller is very happy because he pretty much

save the Commission money and more.

Who do you work with matters!!!

4 beds * 3 baths * 3,190SqFt
11788 Concord Court
Chino, CA

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Ready to be a Homeowner?
Let’s get together today to find your Dream Home!
.
Not just a Realtor, your Realtor!
Ady Simion

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

NEW LISTING – 11788 Concord Court, CHINO

🔥JUST LISTED🔥
Beautiful large property in Chino

4 beds * 3 baths * 3,190SqFt
$799,000

11788 Concord Court
Chino, CA

Call me for a Private showing at (626)607-8652
.
Ready to be a Homeowner?
Let’s get together today to see this home in Private.
.
Not just a Realtor, your Realtor!
Ady Simion

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

IN ESCROW – 125 E Sierra Madre Blv Unit B, SIERRA MADRE

🔥🔥 IN ESCROW 🔥🔥
another happy buyer

Beautiful Townhouse

2bed/3bath

1,429 SqFt

125 E Sierra Madre Blv  Unit B
Sierra Madre, CA
.
Ready to be a Homeowner?
Let’s get together today to find your Dream Home!
.
Not just a Realtor, your Realtor!
Ady Simion

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.

IN ESCROW – 575 Elliott Dr, PASADENA

🔥🔥 IN ESCROW IN 4 DAYS 🔥🔥
💲💲💲 ALL CASH! 💲💲💲
WHO YOU WORK WITH MATTERS 😎

4bed/3bath

Oak Knoll District

575 Elliott Dr
Pasadena, CA
.
Ready to be a Homeowner?
Let’s get together today to find your Dream Home!
.
Not just a Realtor, your Realtor!
Ady Simion

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click here…to check your home value in seconds!

Click here…to search great deals, foreclosures and short sales in your area.