NEWS ROOM
Luxury is reaching new levels - and with some great views! A record number of luxury homes closed in Orange County in August and the market continues to improve as the supply falls and the demand rises. Want to see what luxury is looking like in our California markets? Click the link below to see the different counties and a collection of luxury homes!
https://linktr.ee/dkcowles
There are three main factors that go into determining how affordable homes are for buyers:
Mortgage Rates
Mortgage Payments as a Percentage of Income
Home Prices
Although there are three factors that drive the overall equation, the one that’s playing the largest part in today’s homebuying affordability is historically low mortgage rates. Based on this primary factor, we can see that it is more affordable to buy a home today than at any time in the last seven years.
If you’re considering purchasing your first home or moving up to the one you’ve always hoped for, it’s important to understand how affordability plays into the overall cost of your home.
First-time homebuyers accounted for 35% of the existing homes sold in June
Homebuying is a big life-changing process, and should be handled by an expert! Are you looking at being a first-time home buyer and interested in what your first steps need to be? You've got questions and I've got all the answers. Let's grab a coffee. We need to chat.
🌞🇺🇸 Balboa Island Style 🌴 #homesbydkcowles
We all know we don't give Teachers enough (extra) credit Katey is a 5th & 6th grade combo class teacher at San Joaquin elementary school. #goCheetahs
We've been following her story with her students and all the extra work she's been putting into making their 2020 school year as flawless as possible. From homemade magnet boards to extra learning supplies she’s dropped off - her class is one lucky group! She can't wait to have her students back in class with her again, but until then she’ll be making their virtual learning as smooth as possible from her class room. #sjccheetahs #todayshero #dkfindshomes
Avocado, Lime and Citrus trees galore! This home is complete with a large salt water pool, spa, outdoor kitchen, fireplace, fire pit and covered patio!
Whats ONE the Biggest Perk for Sellers right now? LOW INVENTORY ⬇️🏡
Today, there are simply not enough houses on the market for the number of buyers looking to purchase them. Inventory was low as we entered the pandemic and has reduced even further this year. ❗️Houses today are selling faster than they’re being listed, and that’s creating an even greater supply shortage❗️
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into.
What is the bigger perk for buyers?
The Biggest Perk for Buyers: Low Mortgage Rates
The most impressive buyer incentive today is the average mortgage interest rate. Just last week, mortgage rates hit an all-time low for the eighth time this year. The 30-year fixed-rate is now averaging 2.88%, the lowest rate in the survey’s history, which dates back to 1971. This is a huge advantage for buyers. To put it in perspective, it means that today you can get a lower rate than any of the past two generations of homebuyers in your family if you decide to purchase at this time.
This coming soon has the outdoor oasis💫 that your family with love and your friends will never want to leave! Enjoy the trickling fountain, the overhead cafe lighting, a huge built-in fire pit area as well as an above ground spa and potting station for the garden🌺.
This midcentury modern home with boho vibes sits on a spacious corner lot and comes with a remarkable tree in the large front yard! We're excited to show you more of this exciting home!
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Who You Work With Matters 🎯
Contact us today, no pressure, just expert real estate advice.
949.697.1219
hello@dkcowles.com
www.dkcowles.com
#dkfindshomes #homesbydkcowles #compassrealestate#agentsofCompass
