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Savvy homeowners stay on top of the latest real estate news.

Experts Say Home Prices Will Continue to Appreciate

It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.” To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days, four of the major financial services giants came...

TOP AGENT AWARD 2021 – San Diego Business Journal

Recognized as Top Producing Real Estate Agent for 2021 - San Diego Business Journal. Interested in Selling or Buying? Call or Text Me! (858) 663-0911 Tim@TimVanDamm.com Tim Van Damm is a Luxury Real Estate Specialist with extensive experience in the luxury real estate market and construction. He is ranked as top 1/2 of 1% Worldwide in Real Estate by Berkshire Hathaway and Top Producing Real Estate Agent for 2021 by The San Diego Business Journal. He specializes in Rancho Santa Fe, Del Mar, La Jolla, The Crosby, and...

THE main driver of the housing shortfall

While many homeowners paused their plans to sell during the height of the pandemic, this isn’t the main cause of today’s huge gap between supply and demand. Sam Khater, Vice President and Chief Economist at Freddie Mac, Economic Housing and Research Division, shares: “The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes . . . That decline has resulted in the decrease in supply of entry-level single-family homes or, ’starter homes.’” When you consider the number of homes built in the U.S. by decade, the serious lack of new construction is clear (See graph above). The number of newly built homes is disproportionately lower than the rate of household formation, which, according to the U.S. Census Bureau, has continued to...

To Renovate or Not To Renovate Before You Sell

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season. 1. There aren’t enough homes for sale right now. A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time many receive multiple offers from...

berkshire hathaway recognizes tim van damm as top agent

"I'm humbled to achieve Berkshire Hathaway's Chairman’s Circle Diamond Award. To all of my clients, thank you for entrusting me to help you sell or buy your homes. I am deeply honored and grateful to be a part of such an important decision in your lives. To everyone else, I look forward to working with all of you to help you achieve your home goals". Tim Van Damm is a Luxury Real Estate Specialist with extensive experience in the luxury real estate market and construction. He is ranked as top 1/2 of 1% worldwide in real estate by Berkshire Hathaway. He is specialized in Rancho Santa Fe, Del Mar, La Jolla, The Crosby, and Santaluz.Call Tim for All of Your Real Estate Needs!(858) 663-0911 |...

THE LUXURY MARKET IS ATTRACTING BUYERS IN 2021

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devastating effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008. In comparison to experts’ predictions in early 2020, it is remarkable how significant demands for property type, location, and amenity preferences have changed amid the pandemic.” With more opportunities to work from home and a growing interest in having extra space for things like virtual school, working out, and cooking more meals, the desire to own a home that...

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