New Listing In San Pedro!

Hi Friends,

I have a new listing in San Pedro which is a charming Victorian cottage style home with 5 bedrooms, 3 full bathrooms, and upgraded throughout with asking price of $499,000. This house is a must see to appreciate all the quality work that has gone into it. Please let me know if you or anyone you know is interested in setting up an appointment to view it. I’m sad to see my past clients leave the South Bay but so excited for them to start a new journey in their lives. Check out this link to see the full listing with details and contact me with any questions.

http://mrmlsmatrix.com/matrix/shared/GhVzdF6CmmFd/39615thStreetW

(c) 310.387.4693
laurenw@hmsold.com

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Tech Talk – WeMo

Yesterday I learned about this cool new modular system called WeMo presented by Belkin. It is a home automation system that allows you to control as much or as little of your home as you like straight from you smartphone. So for example, if you forget to turn off your lights or heater you can do so while you are away. I’ve included a youtube video with more examples of what you can do with this system.

My favorite package is the LED lighting starter kit for $99 which gives you two bulbs and one WeMo Link. Check out the amazon listing HERE

I can see how this will become the future of all our homes. Let me know your thoughts and if you have any other tech apps or appliances that you think will be dominating the housing industry.

Happy 2015!

2014 was a great year and I am so excited to carry on the success of last year into 2015! A lot of people have been asking me about the housing market and what I predict for the new year. Honestly, I do think that the market is going to continue to thrive and it remains a great time to buy due to low interest rates. As of today rates have dropped again to as low as 3.5%! I have a lot of clients that were waiting through the holidays to start looking again in the new year and spring time so if my business is any indication of the general South Bay market I expect multiple offers to be a continuing trend. This multiple offer situation is created by the surplus of buyers (due to low interest rates) and low inventory of homes to purchase. However, I don’t believe this challenge will be as crazy as 2013 and 2014 mostly due to prices starting to level out and not increase as dramatically which makes me hopeful to see more sellers willing to list their house this year to get top dollar and multiple offers on their home. All in all I think 2015 is going to be another great year to buy and sell.

Now, reflecting back on 2014 I have to give a shout out to all of my clients who chose me to be their real estate agent. I can not begin to describe my gratitude to everyone who entrusted me to be the one to help guide them through what can be one of the most nerve wracking experiences of their lives. Buying and selling your home is a big deal and I do not take it lightly. It is an honor and a privilege when someone gives me the opportunity to represent them and fight for their needs. I have met so many amazing people and I have enjoyed every moment of getting to know my clients on a personal level. They have each taught me valuable lessons that I apply not only to my business life but also my personal life. I have been inspired by my clients who have all shared one common dream and goal… to become a new home owner. Whether it was their first time purchasing or upgrading from a condo to a townhouse or even downgrading size to live in a better neighborhood, all experiences have been a blessing to be a part of such an important time in their lives and to be able to help them attain a high goal. I have seen the hard work that my clients put into their careers, the exciting events of getting married or having a baby, but whatever the reason for the move my clients all have their own story and each story has touched my life, maybe more than they even know. So thank you again to all my 2014 clients, I love you and I wish nothing but the best for this new year to come in your new home!

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Millennial Article from CAR

Being a member of the California Association of Realtors (CAR), I have access to tons of information and great articles. I came across this read about millennials and found the statistics interesting so I thought I’d share it with you guys for this week’s post. My dad has always called us “the boomerang generation” because they threw us out to college but then we came right back after graduation 😛 I like to blame this epidemic on the recession and the lack of jobs and opportunity when I graduated back in 2007. But taking a look at where we are now, we will soon be dominating the housing market, if we aren’t already.

Why are millennials delaying marriage, having children and forming their own households?
Article by: Carmen Hiciag

Millennials, Gen Y or Echo Boomers are those born between the early 1980’s and early 2000’s or late 1990’s. Over 80 million strong, Gen Y is a force to be reckoned with as the second largest generation behind the Baby Boomers, making up nearly 28 percent of the U.S. population. In California, they comprise over 29 percent of the population—more than 11 million people, according to the Census Bureau. Millennials have not known a world without computers and are hence known as “digital natives.” Many of this generation feel that texting is just as meaningful as a phone conversation (Abraham, 2011) and they send about 20 texts per day (Pew Research Center, 2010). Three out of four Echo Boomers have created a profile on a social networking site and one in five has posted a video of themselves online. (Generation Waking Up) Technology is nearly as ubiquitous as oxygen in the lives of Gen Y; 80 percent sleep with their phones next to their beds (US Chamber of Commerce Foundation, 2012) and 56 percent believe technology helps people use their time more efficiently (Pew Research Center, 2010). This generation is known for delaying marriage and also for postponing having children; the majority are not married and nearly half do not have children. While income limitations contribute to this delay in settling down and having a family, another overlooked factor that is also contributing is ethnic background.

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The 2014 California Association of REALTORS® Millennials Survey looked at those born between 1980 and 1996, or 18 to 34 year olds, who currently live in California. The Survey focused on renters and home owners and found that one in five are homeowners, 41 percent are renters and 36 percent live with their parents. When looking specifically at 18-26 year olds, the Survey revealed that nearly half (49 percent) live with their parents. Why do so many of this generation live with their parents? The obvious reason is budget constraints, and the C.A.R. Survey results reflected this.

Despite being well educated–46 percent of 27 to 34 year olds have a college degree and 42 percent of 18 to 26 year olds are currently enrolled in a college—Gen Y earnings and employment have some catching up to do. Only about half of echo boomers are currently employed, and only one-third have a full time job; 19 percent have a part time job, 24 percent are students and 20 percent are unemployed. This bleak employment situation translates to a median annual income of $35,000. Low annual wages are a major hindrance in this generation’s ability to purchase a home. However, there is a silver lining for earnings: older millennials (those between 27 and 34 years old) have a median annual household income of $50,000, compared to $30,000 for their younger cohort (18 to 26 year olds). So there is hope yet…while they may not have a high income now, their earnings will increase as they advance in their careers.

The not-so-obvious factor in millennials delaying adulthood is demographics. Millennials are very diverse—62 percent are minorities. It is not uncommon in ethnic minority or immigrant households for children to live with their parents, and in some instances even their grandparents, early into adulthood or after having children. Family bonds are very strong in culturally diverse households. The family is viewed as a unit, with everyone in the household pitching in to do their part and help the unit prosper. Parents help their children and the children, in turn, help their parents (and grandparents). The trend of more minority Echo Boomers living at home than whites is apparent in the Survey results, with twice as many Asians and Hispanics than whites living with their parents.

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See more at: http://apps2.car.org/socialblogs/2014/12/2505/#sthash.CQD0Gca6.dpuf

2014 and 2015 Market Snapshot

Hi Everyone!

I will have to admit that I was MIA last week getting ready for Thanksgiving that I totally forgot to post on my Weber WEEKLY blog! So, to make up for it I wanted to share two posts this week.

I found it interesting that interest rates have not increased into the 5% rage this year but after taking a look at what the market and economy has been doing it makes sense that we are still in the lower 4% range which is great for buyers! The article below sheds some light on why we still have amazing interest rates and where we think next year is headed.

Market snapshot

Market snapshot

Moving Season is Here!!!

Hi Everyone!

Summer is quickly approaching and a lot of people are on the move (literally). This week I’ve included tips on how to make moving a little easier for you. Below is this month’s item of value that I send out to my friends and family on a monthly bases. If you would like to be on my mailing list please shoot me a message with your email address and I’ll be sure to include you.

On another note, interest rates have DROPPED! Can you believe it? Today, a 30 year fixed rate is offered at 4.05%! Looks like this summer is still a great time to buy. Please feel free to contact me with any questions or if you need help finding a home to rent, buy or sell.

Happy Weber Weekly Wednesday!

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My New Website and New Listing!

www.LaurenTWeber.com

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The launch of my new website is finally here! I am so happy to be able to offer this additional service to my clients and anyone else that is interested in the real estate market. Here you will find access to search the MLS for current listings as well as helpful information to better prepare for your buying or selling experience. My goal is to be your real estate go-to gal and having this site is just another outlet for me to provide useful information to you.

Also…. I have a new listing! Click HERE for all the details.
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This Gardena condo features:
2 Bedrooms/ 2 Bathrooms
934 sq ft unit
Built in 1975
2 car garage
Upstairs corner back unit with private balcony
Gated complex
Laundry on site
Asking price only $180,000
Located on Magnolia Ave next to Gardena Bowl
Please message me for more information or to schedule an appointment to view the place.

As always, feel free to reach out to me with any questions. I hope you are having a fabulous Weber Weekly Wednesday!

How is the Real Estate Market Doing?

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A lot of people have been talking about how interest rates are at a “historical low” so I wanted to expand on how amazing it really is to purchase a house in today’s market. Just a couple years ago, in 2012, the average rate for a 30 year fixed loan reached an all time low of 3.35%. The last time we saw anything close to this was back in 1951 when rates were averaging 4%. Fast forward to today we are looking at interest rates around 4.5% which is incredibly low and not half bad considering they have once reached a historic high of 18.5% back in 1981.

Because rates are so low we are seeing a surplus in buyers, unfortunately the main challenge these buyers face is the lack of inventory.  We are definitely in a “sellers market” where sellers hold the advantage between the two parties. If a home is listed at a good price, it is expected to get multiple offers, sell within the first week, and probably above asking price.  There is definitely a demand for homes and with home prices on the rise you can get top dollar with a fairly short turn around time if listed and marketed correctly.

So over all I would say the real estate market is doing great! We are in a time where it is not only beneficial to buy but it is also a good time to sell. How amazing is that?

As always, the market is continuously changing but I am here to be your local expert and keep you informed and up to date on the latest trends and news. Feel free to ask me any questions. Hope you are having a fabulous Weber Weekly Wednesday!

You can check out the interest rate trends here to get a better glimpse of where rates have been since 1971.