Fall sees fewer homebuyers, reducing competition and easing the purchasing process.
Home prices often drop in the fall, benefiting buyers with potential savings.

First-time buyers face challenges, including navigating documents and understanding condominium or strata living complexities.Condominiums offer affordability, amenities, and convenience, but rules, expenses, and disputes can complicate ownership.

The Fed dictates interest rates and continues to indicate that a potential rate cut is on the horizon.
Lower interest rates can reduce monthly mortgage payments, saving money for California’s homebuyers and homeowners.

Develop clear communication with your Real Estate team for a smooth transaction process.
Secure thorough mortgage pre-approval to strengthen your position and avoid finance-related delays.

Focus on Fall Curb Appeal

– Keep the lawn pristine and shrubs trimmed
– Add fall-themed floral accents like potted mums
Highlight Home Maintenance
– Inspect and clean the HVAC system
– Service the furnace
– Clear gutters of leaves and debris
– Ensure windows and doors are sealed

Freddie Mac predicts rates will stay above 6.5% through most of 2024 and may drop below this threshold in 2025.
Also, Fannie Mae forecasts an average rate of 6.8% for Q3 2024 and 6.7% for Q4, potentially declining to 6.5% in early 2025.

House prices may be higher in fall due to elevated summer closing values.
Less competition in fall can be advantageous, but serious buyers are still active.

Develop a detailed plan, including budget and design goals, before starting your condo renovation.
Allocate a budget that accounts for unexpected costs and allows flexibility throughout the renovation.

Unlike bonds, REITs can thrive during rising interest rates, offering solid investment opportunitiesRecent data shows REITs gained over 17% within 12 months after rate hikes, outperforming overall equities.