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It is officially my final blog post of the year! With the week falling between Christmas and New Year’s Day, we find activity with both buyers and sellers is at its slowest this time of the year. The same goes for real estate news and data. That all will change quickly beginning next week with the conclusion of the 4th quarter. Next week, I will bring you my annual “Fearless Predictions” blog post followed by Q4 data the subsequent week to help you make the best buying and selling decisions in 2022. Today, I reflect on the past year and share how grateful I am both personally and professionally. Additionally, I will share “real estate resolutions”
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It is a short week with the Christmas holiday fast approaching! I am going to touch on two quick topics to keep your weekly South Bay real estate fix afloat. If you need more real estate talk while on holiday, be sure to check out the new episodes on my Podcast and YouTube channel. You can find them linked below: Podcast Channel: The Richard Haynes Real Estate Show Youtube Channel: Richard Haynes Real Estate The two topics this week are as follows: The National Association of Realtors (NAR) November 2021 Housing Report A Coming South Bay Land Listing with a Record Asking Price Let’s get right into it! N.A.R.’s November 2021 Report Yesterday, N.A.R. issued its press release
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A few weeks ago, the Federal Housing Finance Agency (FHFA) announced updated conforming loan limits for 2022. There was a time when conforming loan limits would not move at all from year to year. Today, not only does the FHFA want to keep up with inflation, but they also want to keep up with the actual housing market. Thanks to surging appreciation throughout the country’s real estate markets, the FHFA has once again bumped conforming loan limits significantly. New Loan Limits In 2019, high-balance conforming loan limits in the county of Los Angeles sat at $765,600. At the conclusion of 2020, those limits were bumped to $822,375 for 2021. I wrote about this last December to
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Longtime readers know that I write an annual “fearless predictions” blog post for the South Bay real estate market the first week of the new year. As always, I am planning to post my 2022 predictions the week of January 3rd. The predictions are a fun way to start the year and give readers ideas for how to approach their real estate goals. It is impossible to predict the future, but it is a blast to at least try. In the past, sometimes I have been horribly wrong, however, sometimes I have absolutely nailed it. I hope you can use the coming predictions to your benefit next month. This week’s blog is my annual post reviewing
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It is that time of year again! We are about to say so long to 2021 and begin the new year. What a wild 12 months, and really, a crazy 24 months for our local real estate markets thanks to the Coronavirus. The past two years I have written similar blog posts to the one this week. For reference, take a look at my 2020 and 2019 posts: 2020 Blog Post: “The Best (and Worst) Performing South Bay Home Markets of 2020” 2019 Blog Post: “The Best (and Worst) Performing South Bay Real Estate Markets of the Decade” This week I will cover the top five best performing markets, and of course, we will include the
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