Will the New Tax Code Impact You?…

What Impact Will the New Tax Code Have on Home Values?

Every month, CoreLogic releases its Home Price InsightsReport. In that report, they forecast where they believe residential real estate prices will be in twelve months.

Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report.

What Impact Will the New Tax Code Have on Home Values? | MyKCM

As we can see, CoreLogic projects an increase in home values in 49 of 50 states, and Washington, DC (there was insufficient data for HI). Nationwide, they see home prices increasing by 4.2%.

How might the new tax code impact these numbers?

Recently, the National Association of Realtors (NAR) conducted their own analysis to determine the impact the new tax code may have on home values. NAR’s analysis:

“…estimated how home prices will change in the upcoming year for each state, considering the impact of the new tax law and the momentum of jobs and housing inventory.”

Here is a map based on NAR’s analysis:

What Impact Will the New Tax Code Have on Home Values? | MyKCM

Bottom Line

According to NAR, the new tax code will have an impact on home values across the country. However, the effect will be much less significant than what some originally thought.

Questions or Curious about the Current Market Value of your home?

Contact Kelly Z North County San Diego Homes & Lifestyle 760.522.7291!

Posted on January 18, 2018 at 7:58 pm
Kelly Zijlstra | Category: Uncategorized

The Spring Home Selling Myth…

The #1 Reason to List Your House in North County San Diego Today!

The #1 Reason to List Your House Today! | MyKCM

Are you waiting until Spring to SELL YOUR HOME?! Here in North County San Diego Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price.

Historically, this made sense. However, today’s real estate market is not following the rules of the past.  Homes are selling FASTER and FOR TOP DOLLAR throughout North County San Diego Homes.

The National Association of Realtors (NAR) measures buyer “foot traffic” each month. It receives data on the number of properties shown to a prospective purchaser by a Realtor® (based on the number of lockboxes used). The data reveals the number of buyers out actively looking for a home, not just window shopping on the internet. NAR explains:

“Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future.”

According to the latest Foot Traffic Report, buyer traffic is greater now than it was during this year’s spring market and there are more buyers out now than at any other time in the last five years (March of 2012).

The chart below shows that buyer activity over the last three months (blue bars) was greater than it was during this past spring market (green bars).

The #1 Reason to List Your House Today! | MyKCM

Bottom Line

If you are waiting for next spring to list your home because you think that’s when the buyers will be out in force, perhaps you should reconsider. Buyers are out right now!

Call, Text or Email Me if you are curious about the Value of your Home, or are ready to begin the process of getting your home on the market! Or please do leave a Comment Below with your thoughts!

Posted on December 7, 2017 at 7:22 pm
Kelly Zijlstra | Category: Uncategorized | Tagged , , , ,

10 Reasons to List Your Home During the Holidays…Yes Indeed!

Attention North County San Diego Home Owners…Have you previously thought that putting your home on the market before or during the Holidays was not such a good idea?….Think again and see below!

You might think that selling a home during the holidays can be a stressful, painful, or even downright unproductive experience. Some of your valid concerns might be:

“Our phone will ring all through Thanksgiving dinner!”

“We won’t able to decorate the house like we usually do!”

“Earlier, you said the best time to list is during the spring and summer, when almost ALL home sales happen!”

However, while many of these pushbacks were true in years past, the way real estate is conducted and the way people buy homes has shifted dramatically in recent years.

To help you overcome these objections, I have put together a list of reasons why it’s actually a great idea to list a home during the holidays!

Now…are you thinking about Selling and want to discuss further? Let’s Talk!

Posted on November 10, 2017 at 10:05 pm
Kelly Zijlstra | Category: Uncategorized