Jenn Pfeiffer
Subscribe to my Mailing List
Enter your email address below to stay in the loop with the latest Marin County real estate news, direct to your email inbox.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

News - The Jenn Pfeiffer Team
fade
465
archive,category,category-news-event-2,category-465,eltd-core-1.3,averly child-child-ver-1.0.1,averly-ver-1.9,,eltd-smooth-page-transitions,eltd-mimic-ajax,eltd-grid-1200,eltd-blog-installed,eltd-main-style1,eltd-disable-fullscreen-menu-opener,eltd-header-standard,eltd-sticky-header-on-scroll-down-up,eltd-default-mobile-header,eltd-sticky-up-mobile-header,eltd-dropdown-default,eltd-,eltd-enable-sidemenu-area-opener,eltd-side-menu-slide-with-content,eltd-width-370,wpb-js-composer js-comp-ver-6.9.0,vc_responsive
 

News

Houses Are Still Selling Fast

From our friends in KCM Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn’t as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal. The graph below uses data from Realtor.com to tell the story of median days on the market for every January from 2017 all the way through the latest numbers available. For Realtor.com, days on the market means from the time a house is listed for sale until its closing date or the date it’s taken off the market. This metric can help give you an idea of just how quickly homes...

Read More

Don’t Wait Until Spring To Sell Your House

From our friends in KCM As you think about the year ahead, one of your big goals may be moving. But, how do you know when to make your move? While spring is usually the peak homebuying season, you don’t actually need to wait until spring to sell. Here’s why. 1. Take Advantage of Lower Mortgage Rates Last October, the 30-year fixed mortgage rates peaked at 7.79%. In January, they hit their lowest level since May. That means you may not feel as locked-in to your current mortgage rate right now. That downward trend in rates has made moving more affordable now than it was just a few months ago. Another reason today’s rates make now a good...

Read More

Mortgage Rates Have Dropped Quickly: How Low Will They Go in 2024?

By Clare Trapasso | REALTOR.COM Homebuyers received an unexpected gift around the holidays as mortgage rates dropped rapidly late last year. They fell from a peak of about 8% in the fall to the mid-6% range in late December, a level many economists and forecasters hadn’t anticipated until the end of 2024—if they were being optimistic. Now with the U.S. Federal Reserve poised to cut its own rates this year, the question on the minds of many aspiring homebuyers is just how low mortgage rates will drop this year. Most of the real estate experts who spoke with Realtor.com® say they expect rates will stay in the 6% range this year, but some believe...

Read More

Ways Your Home Equity Can Help You Reach Your Goals

From our friends in KCM  If you’ve owned your house for at least a couple of years, there’s something you’re going to want to know more about – and that’s home equity. If you’re not familiar with that term, Freddie Mac defines it like this: “. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.” That means your equity grows as you pay down your home loan over time and as home values climb. While it’s true home prices dipped slightly last year, they rebounded and have been climbing in many areas since then. Here’s why that price growth is good news for you. In the latest Equity...

Read More

The Housing Market Just ‘Burst’—in the Very Best Way Imaginable

By Margaret Heidenry | REALTOR.COM All that jingling that accompanied the holiday season may have come from not only sleigh bells, but also homebuyers merrily brandishing the keys to their newly purchased house. Home shoppers across the country enjoyed 33,251 more real estate listings in December compared with this same month last year, according to the latest housing trends report from Realtor.com®. This is the second consecutive monthly bump in homes for sale, following a 17-month dry spell of dwindling inventory. While overall inventory was up 4.9% annually in December, the even better news is that many were fresh to market. ll that jingling that accompanied the holiday season may have come from not...

Read More

Why Pre-Approval Is Your Homebuying Game Changer

From our friends in KCM If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip. So, before you start picturing yourself in your new living room or dining on your future all-season patio, be sure you’re working with a trusted lender to prioritize this essential step. Here’s why. While home price growth is moderating and mortgage rates have been coming down in recent weeks, affordability is still tight.  At the same time, there’s a limited number of homes for sale right now, and that means ongoing competition among hopeful buyers. But, if you’re strategic, there are ways to navigate these waters – and pre-approval is the...

Read More

Why Now Is Still a Great Time To Sell Your House

From our friends in KCM If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But that doesn’t mean the market is at a standstill. Nationally, demand is still high compared to the last normal years in the housing market and plenty of buyers are making moves right now. Here’s the data to prove it. Showing Traffic Is Up The ShowingTime Showing Index is a measure of how frequently buyers are touring homes....

Read More

Why Mortgage Rates Could Continue To Decline

By our friends in KCM When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have Stalled One of the Fed’s primary goals is to lower inflation. In order to do that, they started raising the Federal Funds Rate to slow down the economy. Even though this doesn’t directly dictate what happens with mortgage rates, it does have an impact. Recently inflation has started to cool, a signal those increases worked and are bringing inflation back down. As a...

Read More

Expert Quotes on the 2024 Housing Market Forecast

From our friends in KCM If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for the new year? The good news is, many experts are optimistic we’ve turned a corner and are headed in a positive direction. Mortgage Rates Expected To Ease Recently, mortgage rates have started to come back down. This has offered hope to buyers dealing with affordability challenges. Mark Fleming, Chief Economist at First American, explains how they may continue...

Read More

What Is a Tax Basis? A Number Every Savvy Homeowner Needs To Know

By Jillian Pretzel | REALTOR.COM Something about the word “tax” makes even the most ardent financial wizard’s eyes glaze over. We get it: It’s no fun to think about the money you have to hand over to Uncle Sam. Yet, when it comes to real estate, understanding your tax basis is like knowing the rules of the game. Your tax basis is a fundamental factor that can significantly affect your finances when it comes time to sell your property. However, tax basis is more important to some homeowners than others. Read on to find out everything you need to know. What is a tax basis? Tax basis, also known as cost basis,...

Read More