Finally Some Inventory is Heading Our Way


June 30, 2022
Good morning,
Finally some inventory is heading our way! Now that is exciting!!!!
If you've been thinking of making a real estate purchase, but have been hesitant, now may be your opportunity. Active listings are remaining on the market longer and the share of homes selling over list price has been shrinking consistently since April.
Add it all up and it means that we can expect a more balanced market during the second half of the year with slower price growth and less competition.
I hope you enjoy my newsletter. Please always consider me as your real estate resource.
Information + Updates
Did you know? New Gulfstream private jets that start around $45 million are unable to land in winds stronger than 15 knots due to a design glitch….Rutt Row! (Airmail)
Did you know? Vienna, Copenhagen, Zurich, Calgary, Vancouver, Geneva, Frankfurt, Toronto, Amsterdam, Osaka, and Melbourne are the most livable cities in the world. Included in their measurements are: quality of stability/crime, healthcare, culture, infrastructure, and education. (Economist)
  1. New lending regulations that resulted from that meltdown put today’s borrowers on far firmer footing. Of the 53.5 million first lien home mortgages in the USA today, the average borrower FICO credit score is a record high 751. It was 699 in 2010, 2 years after the financial sector’s meltdown. Lenders have been much more strict about lending, much of that reflected in credit quality.
  2. Today’s homeowners have record amounts of home equity. Tappable equity hit a record high of $11 trillion collectively this year, a 34% increase from 2021.
  3. Mortgage debt in the US is now less than 43% of current home values, the lowest on record. Negative equity is virtually nonexistent. 25% of borrowers who were under water in 2011. Now just 2.5% of borrowers have less than 10% equity in their homes. 
  4. There are currently 2.5 million adjustable-rate mortgages outstanding today...about 8% of active mortgages, the lowest volume on record. In 2007, just before the housing market crash, there were 13.1 million ARMs, representing 36% of all mortgages. More than 80% of today’s ARM originations also operate under a fixed rate for the first 7-10 years.
  5. While 1.4 million ARMs are currently facing higher rate resets, those borrowers will have to make higher monthly payments. In 2007, about 10 million ARMs were facing higher resets.
Did you know? If a Starbucks Latte Grande costs around $5 with tip, eliminating that from your daily routine - assuming 5 per week - could save you around $1,300 per year.....that invested at 3% with compound interest equates to $67,000 (Over $140k if invested in stocks with an average 7% growth) over a 30-year span assuming the cost of a Latte does not rise......does that pay for a house? NO! Could it help? Hmmmmmm.....
Did you know? What is a "wildfire-prepared home?" The designation developed by the Insurance Institute for Business and Home Safety is a way for homeowners to prove that they have taken scientifically proven steps to mitigate the risk of total home loss in a wildfire. Requirements include a "Class A" roof, made from fire resistant material especially from embers. Another is a list of materials/standards to be used around attic spaces including an 8th-inch mesh screen over vents and maintaining clear gutters. Lastly, maintaining at least 5 feet of space between the home and any combustible materials for the entire perimeter of the building, including things like mulch, vegetation and wood fencing. (KCRA)
Financial News
California Economy Ranks 3rd Best in US
For economic activity, California ranked No. 1.
For Lease
For Lease
Just Leased
1402 Emerald Bay
1209 Emerald Bay
822 Emerald Bay
127 Emerald Bay
806 Emerald Bay
In Escrow
I have pocket listings available. Contact me for details!
The Emerald Bay Market
There are currently 4 active homes for sale in Emerald Bay
ranging in price from $6,950,000 to $48,995,000.

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Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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