Jason Avila's Blog Posts

5 Real Estate Reality TV Myths Explained

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List,”

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The Net Worth Of A Homeowner Is Now 44x Greater Than A Renter

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data,

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Another Gigantic Difference Between The Housing Market Of 2008 And 2018

Some are attempting to compare the current housing market to the market leading up to the “boom and bust” that we experienced a decade ago. They look at price appreciation and conclude that we

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HOMEBUYERS SHOW THEY ARE WILLING TO SACRIFICE MUST HAVES IN FAVOR OF GOOD SCHOOL DISTRICTS

It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those

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HAVE YOU OUTGROWN YOUR STARTER HOME

For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your

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WHY SELLING YOUR HOME BEFORE NEW INVENTORY HITS THE MARKET MAKES PERFECT SENSE

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census

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EXISTING HOME SALES HAVE COOLED OFF THIS SUMMER

Some Highlights: According to the National Association of Realtors’ latest Existing Home Sales Report, sales in June were down 2.2% from last year. Inventory of homes

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SUPPLY DEMAND WILL DETERMINE FUTURE HOME VALUES

Will home values continue to appreciate throughout 2018? The answer is simple: YES! – as long as there are more purchasers in the market than there are available homes for them to buy. This is

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THE WAVE OF MILLENNIAL HOMEBUYERS CONTINUES TO SWELL

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.Comparatively speaking, millennials have

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5 REASONS TO HIRE A REAL ESTATE PROFESSIONAL BEFORE ENTERING THE MARKET

Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For

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OWNING A HOME CAN HELP YOU RETIRE EARLIER

In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if

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HOME BUYING MYTHS SLAYED

Some Highlights:The average down payment for first-time homebuyers is only 6%!Despite mortgage interest rates being over 4%, rates are still below historic numbers.88% of property managers raised

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ARE LENDING STANDARDS PROPPING UP HOME PRICES

Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to

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BUYING IS NOW 26 PERCENT CHEAPER THAN RENTING IN THE US

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100

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YOU NEED AN AGENT WHO WILL ALWAYS PUT PUT YOU FIRST

Whether you are a rookie homebuyer or have gone through the process many times, having a local real estate expert who is well versed in the neighborhood you are looking to move to, as well

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HERE IS THE NUMBER 1 REASON TO PUT YOUR HOME ON THE MARKET TODAY

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted

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AMERICANS RANK REAL ESTATE AS THE BEST INVESTMENT 5 YEARS RUNNING

Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! The generations agree!

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4 REASONS WHY WE ARE NOT HEADING TOWARD ANOTHER HOUSING BUBBLE

With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s

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WILL YOUR CURRENT HOUSE FIT YOUR NEEDS IN RETIREMENT

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available

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HERE IS 2 WAYS TO GET THE BEST PRICE WHEN SELLING YOUR HOME

Every homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house?Here are two ways to

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A LACK OF LISTINGS IS SLOWING DOWN THE MARKET

As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall

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WHAT YOU NEED TO KNOW ABOUT THE MORTGAGE PROCESS

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the

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HOUSING WILL NOT FALL VICTIM TO THE NEXT ECONOMIC STORM

Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away. The question is, what

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DEMAND FOR HOMES TO BUY CONTINUES TO CLIMB

Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a

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4 REAL REASONS WHY WE BUY A HOME

We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones.No matter what shape or size your living space

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FIRST TIME HOME BUYERS CONTINUE TO PUT DOWN LESS THAN 6 PERCENT

According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017.Many

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HOW LONG DO MOST FAMILIES LIVE IN A HOUSE

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure

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HERE IS THE NUMBER 1 REASON TO LIST YOUR HOUSE FOR SALE NOW

If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait!Buyer Demand Continues to Outpace the Supply of Homes for SaleThe National

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COMPARING THE AVERAGE INTEREST RATES AND MORTGAGE PAYMENTS ACROSS TIME

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next

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ARE HOMES REALLY MORE AFFORDABLE TODAY THAN THEY WERE BETWEEN 1985 AND 2000

Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home.However, it is not just the price of

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VA LOANS MAKING A HOME FOR THE BRAVE POSSIBLE

Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details

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WHY YOU SHOULD USE A PROFESSIONAL TO SELL YOUR HOME

When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast

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IF YOU ARE PLANNING TO BUY A HOME THIS SUMMER BE PREPARED FOR BIDDING WARS

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the

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THESE ARE THE TOP 5 REASONS WHY MILLENNIALS CHOOSE TO BUY A HOME

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space,

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WILL THE NEXT RECESSION BE IN 2020 AND WHAT WILL BE THE IMPACT

Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow

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WHAT IS THE AVERAGE HOME VALUE IN YOUR STATE

If you’ve entered the real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or

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ARE YOU WONDERING IF YOU CAN BUY YOUR FIRST HOME

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they

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YOU DO NOT NEED 20 PERCENT DOWN TO BUY YOUR DREAM HOME NOW

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify

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HERE ARE 4 GREAT REASONS FOR YOU TO CONSIDER SELLING THIS SUMMER

Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing

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HOMES ARE MORE AFFORDABLE IN 44 OUT OF 50 STATES

With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare

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3 ISSUES FACING TODAYS REAL ESTATE MARKET

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one

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THESE ARE THE TOP 5 REASONS YOU SHOULDNT FSBO

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner )

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THIS IS HOW A LACK OF INVENTORY IMPACTS THE HOUSING MARKET

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures

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HERE ARE THE TOP 4 HOME RENOVATIONS FOR MAXIMUM ROI

Some Highlights: Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement&

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ARE WE HEADING FOR ANOTHER HOUSING BUBBLE LIKE THE ONE WE EXPERIENCED A DECADE AGO

With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that

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PARENTS SAY THEIR KIDS OPINION MATTERS WHEN BUYING A HOME

A recent survey conducted by Harris Poll and released by SunTrust Mortgagefound that “55% of homeowners with a child under the age of 18 at the time when they

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HOMEOWNERS AND APPRAISERS FINALLY SEEING THE MOST EYE TO EYE ON HOME VALUE IN 3 YEARS

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another%

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WHY HOMES ON THE MARKET ARE NOW SELLING AT AN ALL TIME RECORD PACE

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in

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THE COST OF RENTING VS BUYING

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good

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TIPS FOR PRESENTING A GREAT OFFER ON YOUR DREAM HOME IN TODAYS MARKET

So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a

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HERE ARE THE TOP 4 REASONS WHY SUMMER IS A GREAT TIME TO BUY A HOME

Here are four great reasons to consider buying a home today instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Insights reports that home prices have

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WHICH IS YOUR BIGGEST REASON FOR WANTING TO OWN YOUR OWN HOME

Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your

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WHY RISING MORTGAGE RATES WONT CAUSE HOME PRICES TO FALL

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this

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WHY MANY FIRST TIME BUYERS ARE SKIPPING STARTER HOMES IN FAVOR OF THEIR DREAM HOMES

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream

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HOW A LACK OF INVENTORY HAS RESULTED IN A SLOWDOWN OF HOME SALES

Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.

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WHAT SELLING YOUR HOUSE ON YOUR OWN COULD COST YOU

In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner(FSBO). They rationalize that they don’t need a

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WHAT GAS PRICES HAVE TO DO WITH A 7 YEAR HIGH IN INTEREST RATES

Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The

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THIS IS WHY INTEREST RATES HAVE SUCH A HIGH IMPACT ON YOUR PURCHASING POWER

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in

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HERE ARE THE TOP 2 REASONS WHY YOU SHOULDNT WAIT TO SELL YOUR HOUSE

Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best

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MORE AND MORE MILLENNIALS ARE REALIZING THAT HOMEOWNERSHIP IS WITHIN THEIR GRASP NOW

Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median

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WHY WAITING TO BUY YOUR DREAM HOME AND HOPING FOR PRICES TO FALL IS A BAD STRATEGY

Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this

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LATEST RESEARCH SHOWS RENTERS UNDER AGE 50 WANT TO BUY A HOME

Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation,

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ACCESS AND WHY IT IS SUCH AN IMPORTANT FACTOR IN GETTING YOUR HOUSE SOLD

So, you’ve decided to sell your house. You’ve hired a real estate professionalto help you through the entire process, and they have asked you what level of access you want to provide to

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HOMEOWNERSHIP A MAN IS NOT A COMPLETE MAN UNLESS HE OWNS A HOUSE

The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The 

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3 TIPS FOR MAKING YOUR DREAM OF OWNING A HOME A REALITY

Some Highlights:Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it.Living within a budget right now will

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THE TOP 5 WAYS TAX REFORM HAS IMPACTED THE 2018 HOUSING MARKET

Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer

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REAL ESTATE TOPS BEST INVESTMENT POLL FOR 5TH CONSECUTIVE YEAR

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold,

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HOME INSPECTIONS AND WHAT TO EXPECT

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection.This

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WHAT IF I WAIT UNTIL NEXT YEAR TO BUY A HOME

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers

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IN MARCH 50 PERCENT OF HOMES SOLD IN 30 DAYS OR LESS

Some Highlights:The National Association of REALTORS® recently surveyed their members for their Confidence Index.The REALTORS® Confidence Index is a key indicator of

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4 REASONS WHY TODAYS HOUSING MARKET IS NOT A REPEAT OF 2006 ALL OVER AGAIN

With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different

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WHICH MONTH IS THE BEST MONTH TO SELL YOUR HOUSE

According to a newly released study by ATTOM Data Solutions, selling your home in the month of May will net you an average of 5.9% above estimated market value for your home.For

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HOW MUCH HAS YOUR HOME INCREASED IN VALUE OVER THE LAST YEAR

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased

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WHY HOME PRICES ARE INCREASING

There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this

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EXISTING HOME SALES CONTINUE TO GROW DESPITE LOW INVENTORY

Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is

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WHAT HAPPENS IF BOTH RATES AND PRICES INCREASE AS PREDICTED

This month, Arch Mortgage Insurance released their spring Housing and Mortgage Market Review. The report explained that an increase in mortgage rates and/or home prices would

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THE TOP 5 BEST STATES FOR MILLENNIALS TO LIVE IN

A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate”to find out which states are the

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WHY YOU NEED A PRO IN YOUR CORNER IF YOU ARE THINKING OF SELLING YOUR HOME

With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.Real estate

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BUYING A HOME IS CHEAPER THAN RENTING IN THE MAJORITY OF THE US

The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S.

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POPULAR HOME BUYING MYTHS SLAYED

Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers

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IS FAMILY MORTGAGE DEBT OUT OF CONTROL

Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes

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HOW MUCH DO YOU NEED TO MAKE TO BUY A HOME IN CALIFORNIA

It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to

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RISING PRICES HELP YOU BUILD YOUR FAMILYS WEALTH

Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home

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