Articles to Share – Page 9 – The Real Estate Beat

New Year – New Laws – Shared Article

Hello Caton Team Friends, I just read this great post about the new laws effecting Real Estate in 2025. I thought I would share them here.

AB 2747: Tenant Rent Payment Credit Reporting (Effective January 1, 2025)

Beginning January 1, 2025, landlords of buildings with 15 or more units must provide tenants with the option to have their rent payments reported to credit reporting agencies. This option must be offered when new tenants sign a lease and to existing tenants at least once a year. Tenants can choose to join or leave the reporting system at any time. To protect tenants, the law restricts fees for this service, ensuring they do not exceed $10 or the actual cost of the credit reporting service, whichever is lower.

AB 2684: Safety Element: Extreme Heat (Effective January 1, 2025)

AB 2684 mandates that local governments integrate strategies to mitigate extreme heat into their general planning by January 1, 2028. The California Apartment Association (CAA) has expressed concerns that this could impose costly air-conditioning requirements on existing building owners. Under this law, cities and counties must update their safety elements during the next revision of their general plans or local hazard mitigation plans.

SB 900: HOA and Utility Maintenance (Effective January 1, 2025)

SB 900 enables property managers to oversee and address utility repairs in HOA-managed properties if the HOA fails to act. Taking initiative on repairs can reduce tenant dissatisfaction and help prevent conflicts that might lead to legal disputes.

SB 1037: Increased Penalties for Housing Law Violations (Effective January 1, 2025)

SB 1037 imposes stricter penalties on local governments that postpone housing developments. This legislation aims to promote faster project approvals and construction to address California’s persistent housing shortage. Owners should monitor potential changes in the rental market as affordable housing becomes more readily available, which could influence tenant choices and overall demand.

AB 2304: Tenant Protection Bill (Effective January 1, 2025)

Starting January 1, 2025, AB 2304 extends the law limiting public access to unlawful detainer records to include mobile home tenants. This change removes the previous exemption for mobile homes, ensuring that mobile home tenants have the same protections as other tenants regarding restricting access to eviction records.

AB 2347: Extending Time to Respond to Unlawful Detainer (Effective January 1, 2025)

AB 2347 increases the response time for an unlawful detainer complaint, extending it from 5 to 10 days, excluding weekends and judicial holidays.

AB 2493: Tenancy: Application Screening Fee (Effective January 1, 2025)

This legislation removes the prior condition requiring applicants to specifically request a copy of their consumer report from the landlord or property manager. Instead, it now requires landlords or their agents to automatically provide applicants with a copy of the report within 7 days of obtaining it.

AB 2081 Tenant Security Deposits (Effective April 1, 2025)

Landlords must include pre-move-in, pre-repair, and post-repair photos with the security deposit disposition form for tenancies starting on or after July 1, 2025, and repairs as of April 1, 2025. Deductions for professional cleaning are only allowed if needed to restore the unit to its original condition.

SB 611 Limiting Fees and Protecting Service Members (Effective July 1, 2025)

SB 611, effective July 1, 2025, introduces amendments to Civil Code section 1946(b) to restrict landlords from imposing fees on rent payments made by check or for delivering and serving tenancy-related notices. Additionally, the legislation enhances protections for military service members by mandating the return of any additional security deposit after six months of residency, as long as the tenant is not behind on rent during this period.

Please note that each city and county will also release its own rules and regulations in response to the new state laws.

The 2025 changes to California real estate laws bring challenges and opportunities for property owners. By proactively addressing these updates, landlords can ensure compliance while protecting their investments. Staying informed and prepared for these adjustments is essential for effectively navigating the evolving legal landscape. Contact me if you’d like to understand how these new laws will impact your bottom line.

(Note: in an earlier version of this post, it incorrectly stated that AB 2216 passed which it did not. The post was edited 1/9/2025 to show this update.)

I read this blog post HERE.

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Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

DRE # | Sabrina 01413526 | Susan 01238225 | Team 70000218 | Office 01499008

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100 Things Buyer’s Agents Do for Their Clients – Shared Article

I am often asked – what do you do for your clients? Well, this article about covers it. So here we go… 100 things a Buyer’s Agent and The Caton Team do for their buying clients…

Before Your Search Begins

Understand your needs and wants as a buyer (e.g., number of bedrooms, desired school district, commute time)
Discuss your budget and pre-qualification options (explain pre-qualification vs. pre-approval)
Educate you about the current real estate market (local trends, market conditions)
Explain the buying process (steps involved, timeline)
Provide a buyer’s agency agreement outlining their responsibilities, compensation, and fiduciary duty to represent your best interests
Discuss financing options (conventional loans, FHA loans, VA loans)
Help you get pre-approved for a mortgage (connect you with lenders, understand loan terms)
Explain the role of different parties involved (seller’s agent, escrow officer, title company)
Advise on homeowner’s insurance considerations (types of coverage, estimated costs)
Discuss potential tax implications of buying a home

During Your Search

Set up a personalized MLS search based on your criteria (location, price range, property type)
Recommend properties that meet your criteria and highlight key features
Schedule appointments to view properties and manage your showing itinerary
Provide virtual tours if available and conduct virtual consultations if needed
Research the neighborhoods you’re interested in (schools, amenities, crime rates)
Point out pros and cons of each property during showings
Offer honest and unbiased opinions based on your needs and market knowledge
Identify potential problems with properties (structural issues, outdated features, renovation needs)
Help you stay organized with property information (create spreadsheets, share notes)
Track new listings that hit the market and notify you of potential matches
Schedule follow-up appointments for properties you’d like to see again
Answer questions about open houses and how to best approach them
Explain the role of “coming soon” listings and pre-market opportunities
Advise on strategies for attending competitive open houses
Help you understand the concept of “pocket listings” (unlisted properties)
Offer guidance on making low-ball offers (weighing risks and benefits)
Find out the level of competition on the homes are you considering*
Discuss the importance of earnest money deposits*
Advise on timelines for submitting offers and response expectations
Help you prioritize properties based on your evolving needs and preferences

Making an Offer

Explain different offer strategies based on market conditions (fixed price, escalation clauses)
Help you determine a competitive offer price considering comps (comparable properties) and market analysis
Draft and submit a formal offer following standard real estate contract formats
Negotiate on your behalf with the seller’s agent to get the best possible terms
Present counteroffers strategically to improve your offer’s position
Recommend concessions you can request beyond price (closing costs, repairs, warranties)
Advise on closing costs and help you estimate associated fees
Ensure all contingencies are included in the offer to protect your interests (financing, inspections, appraisals)
Explain the concept of “due diligence” period and your rights during that time
Keep you informed of the negotiation process and provide timely updates

Under Contract

Schedule and coordinate the home inspection with a qualified inspector
Accompany you to the home inspection to ask questions and take notes
Review the home inspection report with you, explaining findings and potential repair needs – please note in the Bay Area we do this BEFORE you write an offer
Negotiate repairs with the seller based on the inspection report – if feasible
Help you understand the process of scheduling and attending additional inspections (e.g., radon, pest)
Facilitate communication between you and the lender to ensure smooth loan processing
Ensure you are on the same page as your lender and the offer time line*
Help you gather necessary documents for loan approval (tax returns, bank statements)
Schedule and attend the appraisal (if required by your lender)
Review the appraisal report and explain its impact on
Advise on potential challenges with loan approval and suggest solutions
Explain the role of private mortgage insurance (PMI) if applicable
Help you understand the escrow process and communicate with the escrow officer

Before Closing

Order title search to identify any ownership or lien issues
Review the title commitment and explain its implications
Advise on homeowner’s insurance options and help you get quotes
Schedule the final walk-through to ensure the property’s condition aligns with the contract
Ensure home is as agreed upon are completed before closing*
Review closing documents thoroughly and explain each section
Answer any questions you have about closing and prepare you for the process

After Closing

Provide recommendations for reputable movers based on your needs and budget
Help you connect with home warranty companies to explore coverage options
Offer recommendations for home improvement contractors for post-purchase renovations
Stay in touch and answer any questions you have after closing
Provide resources for navigating homeownership, including maintenance tips and homeowner associations (HOAs)

Additional Services

Provide resources for school information and district ratings
Help you understand local property taxes and potential exemptions
Advise on homeowner association (HOA) fees and explain HOA rules
Explain the benefits and drawbacks of different property types (single-family home, condo, townhouse)
Help you understand lead paint disclosures and potential remediation requirements
Assist with navigating historical property reports to understand the property’s background
Recommend resources for obtaining permits and inspections for renovations
Connect you with property management companies if you plan to rent out the property
Help you understand the process of obtaining homeowners’ insurance
Offer guidance on budgeting for ongoing homeowner expenses (maintenance, utilities)

Client Communication

Be available to answer your questions by phone, email, text, or preferred method
Communicate promptly and effectively, keeping you informed throughout the process
Advocate for your best interests during negotiations and throughout the transaction
Provide you with clear and concise explanations, avoiding technical jargon
Be patient and understanding, acknowledging the stress involved in buying a home

Market Knowledge

Stay up-to-date on current market trends (inventory levels, interest rates, price fluctuations)
Analyze local market data to identify buying opportunities
Provide insights into specific neighborhoods, highlighting pros, cons, and future development plans
Offer comps (comparable properties) for reference during your search
Help you understand seller motivations to inform your offer strategy

Technology

Utilize technology to streamline the buying process (electronic signatures, online portals)
Use digital tools for property searches with interactive features and filters
Offer electronic document signing for added convenience and efficiency
Provide online communication platforms for easy information exchange and updates
Use marketing tools to target potential properties that meet your criteria

Negotiation Skills

Negotiate effectively on your behalf to secure the best possible terms
Present your offer in the best light, highlighting your strengths as a buyer
Counteract seller’s arguments strategically to improve your offer’s position
Advocate for repairs without jeopardizing the deal by finding common ground
Help you achieve a win-win outcome that satisfies both parties
Maintain a high level of professionalism throughout your interactions
Dress appropriately for appointments and meetings, projecting a positive image
Be respectful of all parties involved (sellers, agents, inspectors)
Adhere to a strict code of ethics, ensuring fair and honest representation
Conduct business with integrity and transparency, building trust with your clients

There you have it – a short list of what The Caton Team does for their clients.

I read this article HERE. * Adjustments I made to article

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The Caton Team – Susan & Sabrina
A Family of Realtors
Effective. Efficient. Responsive.
What can we do for you?

Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

DRE # | Sabrina 01413526 | Susan 01238225 | Team 70000218 | Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

How Real Estate Agents Can Help Home Buyers Understand Financing – Shared Article

I read this article HERE.

Nearly one in three renters admit to delaying a home purchase because of misgivings about the mortgage process. Here’s how you can get them on the right page.

Man looking at computer screen with confusion

Americans are confused about mortgages and many other financial aspects of homeownership, according to a new survey of about 1,000 prospective buyers and homeowners conducted by JW Surety Bonds. Read the whole survey HERE.

One in three renters say their lack of knowledge about homeownership has caused them to delay a home purchase, while homeowners admit to making some costly mistakes in the homebuying process because of a low homeownership IQ.

Real estate professionals must play the role of an educator, helping to clear up their clients’ misunderstanding about a home purchase. “It’s clear that improved education and resources could help foster Americans’ homeownership success,” researchers note in the JW Surety Bonds survey. “As the housing market continues to change, so must our approach to homeownership literacy.”

The Gaps in Homebuying Knowledge

Aside from confusion about mortgages, home buyers also appear to misunderstand the added costs involved when buying a home, such as closing costs and property maintenance. The JW Surety Bonds survey uncovered the following consumer knowledge gaps about homeownership:

Unaware of key real estate terms. One in eight buyers surveyed could not accurately define what a “mortgage” is, and 43% were unsure of the meaning of “mortgage rate,” the survey found. That knowledge gap may be alarming, considering that 74% of buyers financed their home purchase with a mortgage in 2024. You can provide your clients with NAR’s Consumer Guide on mortgages and financing, as well as a customer handout on loan and lending terms to know.
Failing to shop around for a mortgage. Forty-one percent of homeowners say they did not feel confident negotiating mortgage rates or refinancing terms with a lender, the survey found. But the average borrower could save an average of $76,410 over the life of their loan—or $212 a month—just by comparison shopping for a mortgage and negotiating rates, according to a 2024 survey from LendingTree. Also, many buyers say they were unaware of more affordable loan options, such as FHA loans, VA loans (you can share NAR’s Consumer Guide on what veterans need to know about buying a home) and other low down payment programs that could particularly impact first-time home buyers. You can provide your clients with NAR’s Consumer Guide on buying your first home, as well as a customer handout on questions to ask when choosing a lender.
Not budgeting for hidden homeownership expenses. More than a quarter of homeowners—27%—say they were caught off guard about unexpected fees during the homebuying process, according to JW Surety Bonds’ research. Real estate professionals can help their clients prepare for the added costs, such as property taxes, homeowners insurance, homeowners association fees (if applicable) and routine property maintenance. (Most financial advisers recommend saving 1% to 2% of the home’s purchase price annually.) What’s more, 40% of homeowners say they do not use an escrow account to pay their property taxes, which could expose them to large annual tax bills, the survey’s researchers caution. You can provide your clients with NAR’s Consumer Guides on homeowners insurance—including specific guidance on flood and fire coverage—and escrow and earnest money. Also, you can share a comprehensive overview of transactions involving homeowners associations.
Not paying attention to home affordability. Some home buyers may be at risk of overspending on their home purchase. It could lead to buyer’s remorse: One in nine homeowners say they regret buying their home due to unexpected costs they learned about only after closing. Further, one in nine homeowners say they spend more than 50% of their monthly income on housing costs—a percentage that most financial experts would consider severely “cost-burdened.” Another 36% of homeowners say they did not have an emergency fund to cover unexpected home repairs, leaving them vulnerable to further financial strain, the survey notes. You can share NAR’s Consumer Guide on preparing for homeownership and provide a customer handout with a worksheet to track your clients’ budgets.

Where Home Buyers Can Turn for Guidance

Some prospective home buyers are on the lookout for more answers and guidance on the homebuying process. NAR has many Consumer Guides covering various aspects of the process, from written buyer agreements to home inspections and appraisals, at facts.realtor. Here are other top sources consumers cite for gathering homeownership information, according to the JW Surety Bonds survey:

Friends or family: 64%
Articles or blogs: 49%
Real estate agents: 31%
YouTube: 29%
Financial advisers: 17%
Online courses: 14%
TikTok: 13%

How Real Estate Agents Can Improve Homebuying Education

Real estate professionals may be able to help improve their clients’ homeownership literacy while also expanding their outreach. Try this:

Host education seminars. Team with lenders or financial advisers to offer buyers education seminars that highlight the financial aspects of a home purchase, such as the types of loans available and getting pre-approved for a mortgage. Loans and grants for first-time home buyers may help your clients better afford homeownership.
Talk real estate on social media. Glennda Baker, an associate broker with Glennda Baker + Associates, Inc., in Atlanta, has amassed more than 870,000 followers on TikTok with her short-form real estate education videos. Her videos cover a range of topics, including homebuying mistakes, financing a home purchase and living under a homeowners association.
Customize your consumer handouts. Publish content on your blogs and newsletters and provide handouts about the various aspects of home buying. REALTOR® Magazine offers customizable client education and handouts that detail the steps involved in a home purchase, from financing to closing.

Written by Melissa Dittmann Tracey

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DRE # | Sabrina 01413526 | Susan 01238225 | Team 70000218 | Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

New Law in effect regarding AC units – Shared Article

On January 1, 2025, a new A2L air conditioning refrigerant standard went into effect nationwide to support lower Global Warming Potential (GWP).

This means A/C systems using older refrigerants no longer meet new energy efficiency standards and are being phased out for new equipment. When current equipment supplies and refrigerants are no longer available, the purchase of compatible equipment that uses less toxic refrigerants will be necessary.

I read about this here.

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Berkshire Hathaway HomeServices – Drysdale Properties, Redwood City Ca.

DRE # | Sabrina 01413526 | Susan 01238225 | Team 70000218 | Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

7 Things Every Homeowner Should Do Once a Year

Before the holidays rush now is a great time to make sure your home is in ship shape for winter.

7 Things Every Homeowner Should Do Once a Year

Look how responsible you are

When you bought your house, there were a million and ten things you needed to do. (Hi, inspection, mortgage application and downstairs bathroom conversion.) But over the years, auto-pilot has set in, and those driveway pavers you always meant to replace are still staring you in the face. Stay on top of your home maintenance to-dos by making sure you tackle each of the following once a year.

Clean your gutters

 Old frisbees. Dead leaves. Dead rodents. (Ew.) Nasty stuff can accumulate in your gutters, and keeping them clear is super important for getting snow and rain off that fancy new roof you just replaced. Here’s the best part: If you get them cleaned right now, you won’t have to think about them again until 2017.

Steam clean your carpets 

Yes, you’re a hygienic person who generally doesn’t track gross stuff into her house. But over time, buildup has a way of accumulating–especially in snowy or dusty regions, or if you’ve got children or pets. Rent a steamer (or hire a professional), and relish in a pile that’s as plush and vibrant as the day you bought it.

Wash your windows… like, for real 

Again, you’re probably already Windex-ing the inside of those suckers on a weekly or monthly basis. But the outsides need love, too. Most modern windows pivot inward, so you can wash the whole thing from inside your house. But if you live in an older building and can’t get to windows on the second or third floor, hire a gent with a squeegee and a ladder.

Empty all your drawers 

OK, this one isn’t just for home owners, but anyone who lives in a house should really be in the habit of emptying and assessing every drawer one time per calendar year. Tackle it room-by-room, taking everything out, deciding if you really need it, then purging accordingly before neatly repacking.

Trim your trees

Next-door neighbor Frank hates when your sycamore cascades over his tool shed. Trim that puppy once a year for the health of your tree (a heavy bow is never a good thing) and, of course, your neighborly relations.

Schedule the exterminator 

If you think you only need to talk to Larry the Roach Guy when you’ve actually got creepy crawlers, think again. Getting your house checked and treated preemptively for bugs gives you a much better chance of not finding something disgusting (or paying thousands of dollars for termite damage) down the road.

Check out an open house in the neighborhood

 Even if you plan to live in your home until they take you out on a stretcher, it’s always a good idea to get a sense of the market. Plus, aren’t you dying to know what Kenny and Margaret did with that hideous wood-paneled rec room? You know you want to.

I read this article HERE

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DRE # |Sabrina 01413526 | Susan 01238225 | Team 70000218 |Office 01499008

The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

Home Stager Reveals 4 Hot Trends for 2024 – Shared Article

SOURCE

Homes today fulfill a lot more purposes, providing comfort, wellness and an eco-friendly and personalized space—all in a technological way. Home layouts are being reconfigured, too. Dining rooms have become nearly extinct, living spaces are being designed for flexibility, and wellness rooms are channeling more positive vibes.

Homes have been mostly dressed in white, contemporary designs with simplified living spaces. Nowadays, that crisp, neutral canvas is getting decorated with dramatic color, unexpected art, textured furniture and eclectic decor. Further, the expanding kitchen island has become the new dining room, and exterior spaces have become popular hangouts by the firepit or while playing a game of cornhole.

Here are some of the hottest trends to watch in 2024.

Functional Outdoor Spaces

Functional exterior living spaces are growing more important and have become a valuable add-on to any home. Who doesn’t desire an at-home retreat filled with sensory gardens, lounging areas, a full kitchen and bar, outdoor TV and sustainable furnishings? It’s all about finding solitude and peace to create that “vacation at home” space.

Outside shot — Photo credit: Brizmaker / Getty Images

Plus, as windows get larger and larger, the views of the greenery outdoors are beckoning for more attention.

Mixed Metals

Forget matching: Mixing metal finishes remains on-trend. Metals are not just being reserved for the faucets and cabinet pulls but are being incorporated throughout the home. Warm metals like brass, and cool metals like chrome, are being mixed together to add visual interest and create depth in a room.

That said, expect over the years ahead for warm metals to slowly get pushed out more and more as a renewed focus on silvery hues pushes forward as an environmentally conscious choice.

Mixed metals — Photo credit: Krisztina Bell, No Vacancy Home Staging

Maximalism & Personality

Consumers are showing a desire for color-drenching, rich textures and geometric patterns. Maximalism and personalization get extreme as more homeowners look to break the cookie-cutter layouts and venture into more expressive design.

This will be the year of “if you can dream it, go ahead and do it.” Designers and artists will push decorative accents in more adventurous ways. An entire space may look more like a work of art.

Art — Photo credit: 2023 Southeastern Designer Showhouse & Gardens, Atlanta / Krisztina Bell, No Vacancy Home Staging

Art — Photo credit: 2023 Southeastern Designer Showhouse & Gardens, Atlanta / Krisztina Bell, No Vacancy Home Staging

Eco- and Tech-Friendly

Sustainability is a way of life as we seek to live better and healthier lives. Smart homes with energy-efficient lighting, low-volatile paints, reclaimed eco-friendly furnishings and voice-controlled home devices throughout are in right now. The possibility of AI-powered home assistants is the wave of the future as eco- and tech-friendly pieces coexist.

Homes are no longer about looking pristine but feeling cozy and catering to people’s aesthetic and emotional needs. Designers are embracing a powerful trio: nature, serenity and comforting design, as well as modern technology. They’re breaking away from tradition and moving into a forward-thinking adventure of unconventional design trends that are elevating the “art” of the home.

Content by Krisztina Bell

Krisztina Bell is an Atlanta-based home stager and vacant home staging expert.

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The Caton Team does not receive compensation for any posts. Information is deemed reliable but not guaranteed. Third-party information not verified.

A List of New Year Renovation Resolutions – Shared Article

SOURCE

By Kara Masterson

With the start of the new year, it’s never too late to reflect on new resolutions to give your home a much-needed upgrade. Sometimes, the smallest changes can accomplish the biggest transformations. As you start to ponder where to begin with your home renovation, we have created a list of new year renovation resolutions for your living space. Take a look, and hopefully, you can take a few from our list and make your house more awesome.

Declutter, Repurpose and Recycle
By removing excess items, you can create a brighter, more spacious atmosphere that’s perfect for starting the new year. Instead of throwing away items you no longer need, consider repurposing them or donating them to someone who can use them. This not only reduces waste but can also save you money in the long run. Recycling household products is another great way to clear space and improve your environment.

Look Into Roof Maintenance or Replacement
Taking care of your roof is critical in maintaining the safety and protection of your home, especially after the harsh winter weather. By inspecting your roof for any damage, leaks, or cracks at the beginning of the year, you can catch any potential issues early on, saving you both time and money in the long run. Consider replacing old roofing with newer, sturdier and more energy-efficient options such as metal or asphalt shingles. Not only will this add value to your home, but it will also ensure that your household is adequately protected from any external elements. Don’t hesitate to look into roof maintenance or replacement this year to keep your home in tip-top shape or to reach out to residential roofers if you think you need a professional on the project.

Add Plants to Your Home Decor
Looking to spruce up your living space? Why not add some greenery to your home decor? Plants are a great way to add a touch of nature to your home, and studies show that having plants around can even improve your mood and sense of well-being. Not only do they look appealing, but certain plants also have air-purifying qualities, making them a great addition to any room. If you’re new to the world of plants, don’t worry – there are plenty of easy-to-maintain options such as Succulents, Fiddle Leaf Figs, Pothos and Ivy. So why not consider adding some green to your space today and see how it transforms your home?

Install New Cabinets, Countertops and Appliances
Upgrading your kitchen cabinets, countertops and appliances can completely transform the heart of your home. If you’re tired of looking at the same outdated design, consider investing in new, modern fixtures. Not only will it give your kitchen a fresh new look, but it will also improve the functionality of your space. Imagine cooking in a kitchen with top-of-the-line appliances and ample counter space. It’s easy to see why making this update can make daily life easier and more enjoyable.

Add a Home Office or Entertainment Space
With remote work becoming a new norm, the need for a comfortable and functional home office space is undeniable. Working from the kitchen table or couch may not be a conducive environment, hence the need for a designated work area. Why not take it further and create an entertainment space? It’s a great way to make your home feel more inviting, and you can utilize the space for casual hangouts with friends or family. Whether you choose a gaming room or mini bar, the possibilities are endless. It’s time to spruce up your living space and make it more practical and enjoyable.

Upgrade Your Shower and Lighting
Transform your bathroom into a soothing retreat with a shower and lighting overhaul. Upgrade your shower system and give your bathroom a fresh look by adding new tiles, fixtures and shower heads. From rain shower heads to handhelds, the options are endless. To enhance your experience, install energy-efficient lighting that not only saves money but also creates an inviting atmosphere. With the right lighting, you won’t dread getting ready in the morning or winding down before bed. Upgrade your shower and lighting to create a relaxing and rejuvenating spa-like heaven right in your home.

Update Your Exterior Siding
Whether you’re looking to boost curb appeal or simply freshen up the look of your place, swapping out old, weathered siding for something shiny and new can make a world of difference. These days, vinyl siding is a top choice for many homeowners—not only is it cost-effective and easy to maintain, but it’s also incredibly durable and can last for decades. So if the exterior of your home could use a bit of an update, companies such as Superior Products are ready to supply you with the materials you need to get started.

Home renovation resolutions can be a refreshing start to the new year. Taking the time to evaluate your living space and reflecting on how to make it more awesome can make a significant impact on your daily life. Whether you opt for decluttering and recycling or adding a home office, upgrading your kitchen, or adding plants to your decor, there are a plethora of options to make your home a happy and relaxing place to be. Start small, stay focused and enjoy the transformation of your home.

Kara Masterson is a freelance writer from Utah. She enjoys playing tennis and spending time with her family.

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The True Value of Homeownership – Shared Article

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Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it’s the perfect time to think about all the benefits homeownership provides.

Of course, there are financial reasons to buy a house, but it’s important to consider the non-financial benefits that make a home more than just where you live.

Here are three ways owning your home can give you a sense of accomplishment, happiness, and pride.

You May Feel Happier and More Fulfilled

Owning a home is associated with better mental health and well-being. Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), explains:

“Studies have shown the emotional and psychological benefits that homeownership has on a person’s health and self-esteem . . .”

Similarly, Habitat for Humanity says:

“Residential stability among homeowners is related to improved life satisfaction, . . . along with better physical and mental health.”

So, according to the experts, owning a home can improve your psychological wellness by making you feel happier and more accomplished.

You Can Engage in Your Neighborhood and Grow Your Sense of Community

Your home connects you to your community. Homeowners tend to stay in their homes longer than renters, and that can help you feel more connected to your community because you have more time to build meaningful relationships. And, as Acosta says, when people stay in the same area for a longer period of time, it can lead to them being more involved:

“Homeowners also tend to be more active in their local communities . . .”

After all, it makes sense that someone would want to help improve the area they’re going to be living in for a while.

You Can Customize and Improve Your Living Space

Your home is a place that’s all yours. When you own it, unless there are specific homeowner’s association requirements, you’re free to customize it however you see fit. Whether that’s small home improvements or full-on renovations, your house can be exactly what you want and need it to be. As your tastes and lifestyle change, so can your home. As Investopedia tells us:

“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.”

Renting can limit your ability to personalize your living space, and even if you do make changes, you may have to undo them before your lease ends. The ability homeownership gives you to customize and improve where you live creates a greater sense of ownership, pride, and connection with your home.

Bottom Line

Owning your home can change your life in a way that gives you greater satisfaction and happiness. Connect with a local real estate professional today if you’re ready to explore homeownership and all it has to offer.

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The Many Non-Financial Benefits of Homeownership – Shared Article

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Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live.

Here are some of the top non-financial reasons to buy a home.

According to Fannie Mae, 94% of survey respondents say “Having Control Over What You Do with Your Living Space” is a top reason to own.

Your home is truly your own space. If you own a home, unless there are specific homeowner association requirements, you can decorate and change it the way you like. That means you can make small changes or even do big renovations to make your home perfect for you. Your home is uniquely yours and by buying, you give yourself the freedom to tailor it to your individual style. Investopedia explains:

“One often-cited benefit of homeownership is the knowledge that you own your little corner of the world. You can customize your house, remodel, paint, and decorate without the need to get permission from a landlord.”

When you rent, you might not be able to make your place really feel like it’s yours. And if you do make any modifications, you might have to change them back before you leave. But if you own your home, you can make it just the way you want it. That level of customization can give you a sense of pride in where you live and make you feel more connected to it.

Fannie Mae also finds 90% say “Having a Good Place for Your Family To Raise Your Children” tops their list of why it’s better to buy a home.

Another important factor to think about is what stage of life you’re in. U.S. News breaks it down:

“For those with young children, buying a home and putting down roots is a major driver. . . . You don’t want the upheaval of a massive rent increase or a non-renewed lease to impact your sense of stability.”

No matter which of life’s milestones you’re in, stability and predictability are important. That’s because the one constant in life is that things will change. And, as life changes around you, having a familiar home and not worrying about moving regularly helps you and those who matter most feel more secure and more comfortable.

Lastly, Fannie Mae says 82% list “Feeling Engaged in Your Community” as another key motivator to own.

Owning your home also helps you feel even more connected to your neighborhood. People who own homes usually live in them for an average of nine years, according to the National Association of Realtors (NAR). As that time passes, it’s natural to make friends and build strong ties in the community. As Gary Acosta, CEO and Co-Founder at the National Association of Hispanic Real Estate Professionals (NAHREP), points out:

“Homeowners also tend to be more active in their local communities . . .”

When you care deeply about the people you live near, you’ll do what you can to contribute to your local area.

Bottom Line

Owning your home can make your life better by giving you a sense of accomplishment, pride, stability, and connectedness. If you’re thinking about becoming a homeowner and want to learn more, reach out to a local real estate agent today.

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Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon – Shared Article

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You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008.

One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.

Housing supply comes from three main sources:

Homeowners deciding to sell their houses
Newly built homes
Distressed properties (foreclosures or short sales)

Here’s a closer look at today’s housing inventory to understand why this isn’t like 2008.

Homeowners Deciding To Sell Their Houses

Although housing supply did grow compared to last year, it’s still low. The current months’ supply is below the norm. The graph below shows this more clearly. If you look at the latest data (shown in green), compared to 2008 (shown in red), there’s only about a third of that available inventory today.

So, what does this mean? There just aren’t enough homes available to make home values drop. To have a repeat of 2008, there’d need to be a lot more people selling their houses with very few buyers, and that’s not happening right now.

Newly Built Homes

People are also talking a lot about what’s going on with newly built houses these days, and that might make you wonder if homebuilders are overdoing it. The graph below shows the number of new houses built over the last 52 years:

The 14 years of underbuilding (shown in red) is a big part of the reason why inventory is so low today. Basically, builders haven’t been building enough homes for years now and that’s created a significant deficit in supply.

While the final blue bar on the graph shows that’s ramping up and is on pace to hit the long-term average again, it won’t suddenly create an oversupply. That’s because there’s too much of a gap to make up. Plus, builders are being intentional about not overbuilding homes like they did during the bubble.

Distressed Properties (Foreclosures and Short Sales)

The last place inventory can come from is distressed properties, including short sales and foreclosures. Back during the housing crisis, there was a flood of foreclosures due to lending standards that allowed many people to get a home loan they couldn’t truly afford.

Today, lending standards are much tighter, resulting in more qualified buyers and far fewer foreclosures. The graph below uses data from the Federal Reserve to show how things have changed since the housing crash:

This graph illustrates, as lending standards got tighter and buyers were more qualified, the number of foreclosures started to go down. And in 2020 and 2021, the combination of a moratorium on foreclosures and the forbearance program helped prevent a repeat of the wave of foreclosures we saw back around 2008.

The forbearance program was a game changer, giving homeowners options for things like loan deferrals and modifications they didn’t have before. And data on the success of that program shows four out of every five homeowners coming out of forbearance are either paid in full or have worked out a repayment plan to avoid foreclosure. These are a few of the biggest reasons there won’t be a wave of foreclosures coming to the market.

What This Means for You

Inventory levels aren’t anywhere near where they’d need to be for prices to drop significantly and the housing market to crash. According to Bankrate, that isn’t going to change anytime soon, especially considering buyer demand is still strong:

“This ongoing lack of inventory explains why many buyers still have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.”

Bottom Line

The market doesn’t have enough available homes for a repeat of the 2008 housing crisis – and there’s nothing that suggests that will change anytime soon. That’s why housing inventory tells us there’s no crash on the horizon.

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Additional Services

Client Communication

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The Gaps in Homebuying Knowledge

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You May Feel Happier and More Fulfilled

You Can Engage in Your Neighborhood and Grow Your Sense of Community

You Can Customize and Improve Your Living Space

Bottom Line

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Bottom Line

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Homeowners Deciding To Sell Their Houses

Newly Built Homes

Distressed Properties (Foreclosures and Short Sales)

What This Means for You

Bottom Line

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