If you need assistance, please call 916-790-9919

Bruce LaMaster | Real Estate with BRUCE LaMASTER Blog

Thursday, July 29, 2021   /   by Bruce LaMaster

3 Charts That Show This Isn’t a Housing Bubble

With home prices continuing to deliver double-digit increases, some are concerned we’re in a housing bubble like the one in 2006. However, a closer look at the market data indicates this is nothing like 2006 for three major reasons.
1. The housing market isn’t driven by risky mortgage loans.
Back in 2006, nearly everyone could qualify for a loan. The Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association is an indicator of the availability of mortgage money. The higher the index, the easier it is to obtain a mortgage. The MCAI more than doubled from 2004 (378) to 2006 (869). Today, the index stands at 130. As an example of the difference between today and 2006, let’s look at the volume of mortgages that originated when a buyer had less than a 620 credit score.

Dr. Frank Nothaft, Chief Economist for CoreLogic, reiterates this point:
“There are marked differences in today’s run up in prices compared to 2005, which was
a. ...

Read More

Thursday, July 22, 2021   /   by Bruce LaMaster

Your Home Equity Can Take You Places

Some Highlights

The amount of wealth Americans have stored in their homes has increased astronomically.
On average, homeowners gained $33,400 in equity over the last 12 months, and the average equity on mortgaged homes is now $216,000.
When it’s time to sell, your home equity can help accomplish your goals. Let’s connect to discuss how you can take advantage of today’s sellers’ market to get the most out of your home sale.



« Selling Your House? Make Sure You Price It Right.4 Major Incentives To Sell This Summer »




The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The LaMaster Real Estate Team and/or RE/MAX Gold does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain p. ...

Read More

Saturday, July 10, 2021   /   by Bruce LaMaster

Selling Your House? Make Sure You Price It Right.

There’s no denying we’re in a sellers’ market. With low inventory and high buyer demand, homes today are selling above the asking price at a record rate. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR):


Homes typically sell within 17 days (compared to 26 days one year ago).


The average home sold has five offers to pick from.


54% of offers are over the asking price.

Because so many buyers are competing for so few homes, bidding wars are driving up home prices. According to an average of leading expert projections, existing home prices are expected to increase by 8.9% this year.
Yet even in today’s red-hot sellers’ market, it’s important to price your house right. While it may be tempting to price your house on the high side to capitalize on this trend, doing so could limit your house’s potential.
W. ...

Read More

Friday, July 9, 2021   /   by Bruce LaMaster

The Truths Young Homebuyers Need To Hear

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found:

“1 in 4 underestimated their buying potential by $150k or more”

“1 in 4 underestimated the increase in value by $100k or more”

“47% don’t know what a good interest rate is”

Because they feel uncertain, many young homebuyers have given up on their search, or worse, they’ve decided homebuying isn’t for them and never started on their journey to begin with.
If you’re interested in buying but aren’t sure where to begin, here are three key concepts about homeownership you should understand before you get started.
1. What You Need To Know About Down Payments
Saving for a down payment is sometimes viewed as one of the biggest obstacles for homebuyers, but that doesn’t have to be the case. As Fred. ...

Read More

Wednesday, April 8, 2020   /   by Bruce LaMaster

How Technology Is Enabling the Real Estate Process

Today’s everyday reality is pretty different than it looked just a few weeks ago in California and the rest of the Country. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction, which all vary by state and locality. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all.

The LaMaster Real Estate Team powered by RE/MAX Gold is up to speed on the tools to help and guide our clients in these ever-changing times.  Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or se. ...

Read More

The LaMaster Real Estate Team
RE/MAX Gold
3317 Coach Lane #500
Cameron Park, CA 95682
916-790-9919
DRE# 01729220
--------------------------------------------------------------------
Secure Funding Group
a branch of American Pacific Mortgage Corporation
Brian Musket, Branch Manager
916-669-1682
Individual NMLS #233021 / Corp NMLS #1850
CA Lic #01838509 / CA Corp Lic #01215943

metrolist logo.png The real estate listing data marked with this icon comes from the IDX program of the Sacramento Metrolist Multiple Listing Service™ system. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. Copyright 2021 MetroList Services, Inc.
Terms and Conditions

Powered by metrolist logo.png
This site powered by CINC: www.cincpro.com
--------------------------------------------------->