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Eric Transue, Realtor
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Call Me For All Your Real Estate Needs in or around Long Beach
Call Me For All Your Real Estate Needs in or around Long Beach

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Eric Transue, Realtor's posts

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In a Seller’s Market: Is it Time to Downsize? - A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market. In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that b...

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Sales Up In Nearly Every Price Range - The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market. Every other category showed a minimum increase of at...

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Housing Market Snapshot [INFOGRAPHIC] - Some Highlights: Home sales are up 1.5% year-over-year and 5.1% month-over-month. Demand is still much higher than the available housing inventory which declined 2.2% from March 2015. This is the 49th consecutive month with year-0ver-year price gains.

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Where is Housing Headed for the Rest of 2016? - With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as: Will disappointing economic news adversely impact housing? Is affordability a major concern in today’s real estate market? Are we approaching a new housing bubble? Are mortgage standards too tight? Or have they loosened too much? Freddie Ma...

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A ‘Buyer’ in Hand Is Worth Two in the Bush - In today’s highly competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements the seller is willing to make to the home prior to selling. One thing to remember though is that there is always a line that shouldn’t be crossed. Interest r...

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Mortgage Rates Remain at Historic Lows - The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many areas of the country. Freddie Mac expressed their optimism for the rates to remain low throughout the spring in a recent blog post: “We ...

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4 Reasons to Move Up to Your Dream Home This Spring - Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting. 1. Buyer Demand is High & Inventory is Low Recent numbers show that buyer demand is at the highest peak experienced in years, and inventory for sale is at a 4.5-month supply, which is still marke...

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Americans Believe Real Estate is the Best Long-Term Investment [INFOGRAPHIC]
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