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Blog Posts in Category: Homes

08/15/2023

Navigating the 2023 Housing Market Landscape: What’s to Come?

Navigating the 2023 Housing Market Landscape: What’s to Come?

2023 has been a challenging year for the housing market. With seemingly soaring interest rates, low inventory on the market, and an inflated market things have been difficult for both Buyers and Sellers alike. Even now as we step into the latter half of 2023, the housing market remains a dynamic arena with truly life changing opportunities. When coupled with the right team, possibilities are endless for everyone. To find those opportunities, let’s dive into what the months ahead could look like if you’re in the market to purchase or sell your home.   more...

06/19/2023

Your Preferred Property Management Group

Your Preferred Property Management Group

Advent Properties, Inc has been providing service beyond expectation to California Homeowners and Landlords since we were established in 2008. As we move into a shifting market, it’s important for us to continue expanding our ability to provide top notch services to all of those we continue to serve. Here are just seven reasons why we are your number one choice for Property Management:   more...

05/09/2023

Are you Correctly Preparing for Your Retirement?

Are you Correctly Preparing for Your Retirement?

As retirement approaches, many people are concerned about ensuring their financial stability. One way to achieve this goal is by investing in real estate. Purchasing a rental home can provide a stable source of income during retirement, but there are several things to consider before making such a significant investment.   more...

04/27/2023

Why Young Adults Should Purchase a Home

Why Young Adults Should Purchase a Home

Buying a house can be a difficult task for anyone to do. So of course with student loans, an entry-level job, and the desire to travel and explore the world, it’s understandable why as a young person there’s the decision to rent over buying. However, homeownership presents many benefits that cause a significant impact to your financial future when choosing to purchase a home earlier rather than later. There’s a reason that Urban Institute finds $72,000 difference between those who purchase a home between 25 and 34, and those who waited to buy until 35 to 44.   more...

05/08/2022

The New California program for first-time homebuyers will let you borrow a down payment at 0% interest!

The New California program for first-time homebuyers will let you borrow a down payment at 0% interest!

Photo by Kindel Media.   more...

04/01/2022

Mortgage Refinances Fall Amid Higher Rates!

Mortgage Refinances Fall Amid Higher Rates!

Photo by Andrea Piacquadio.   more...

02/22/2022

Building Materials Prices Jump in January

Building Materials Prices Jump in January

Photo by Brett Jordan on Unsplash According to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy climbed 3.6% in January (not seasonally adjusted). The index was higher by a 25.4% jump in softwood lumber prices and 9.0% price increases for indoor and outdoor paint.   more...

01/28/2022

ATTOM Reports: Home Ownership Is More Affordable Than Renting!

ATTOM Reports: Home Ownership Is More Affordable Than Renting!

On January 6th, 2022, ATTOM released its 2022 Rental Affordability Report, which proves that owning a median-priced home is more affordable than average rents on a three-bedroom property in 666, or 58%, of the 1,154 U.S. counties analyzed in this report. That means major homeownership expenses consume a smaller portion of average local wages than renting.   more...

01/28/2022

Lumber Prices Nearly Triple in Last Four Months

Lumber Prices Nearly Triple in Last Four Months

Following a few months of moderating prices last spring and summer, lumber prices are soaring once again; Disrupting the housing market and harming housing affordability.   more...

09/29/2021

What Happens After September 30th, 2021?

What Happens After September 30th, 2021?

'The state legislature adjourned this month without extending its eviction moratorium and the terms of AB 832. So, barring any extraordinary effort on either the governor or lawmakers, the state moratorium should, therefore, finally lapse on September 30, 2021. Beginning October 1, 2021, and continuing through March 2022, California will enter into the "COVID-19 Rental Housing Recovery Act." What this means in Alameda County
Nothing at all! For some of you, September 30, 2021, will be the proverbial "light at the end of the tunnel." But for those with rentals in Alameda County, the end of California's moratorium will have absolutely no effect, and properties will remain mired in local "emergency" ordinances, which still effectively prohibit ALL evictions indefinitely. Laws in both Oakland and Alameda County will only expire 60 days after the local emergency ends. Our honest assessment is that regular evictions will not be allowed in Alameda County until 2022 at the earliest. Only cases involving an "imminent threat to health and safety," post-foreclosure, forcible detainer, and at-will tenancies may move forward for the time being. Please reach out to us if these issues relate to your tenancy. What this Means Everywhere Else   more...

08/27/2021

A New Fannie Mae Rule Could Help Renters Qualify for Mortgages

A New Fannie Mae Rule Could Help Renters Qualify for Mortgages

Photo by RODNAE Productions via. Pexels.com   more...

07/26/2021

The Cost of Construction Materials is Rising Nationwide

The Cost of Construction Materials is Rising Nationwide

Nationwide, the challenges contractors are experiencing with fast-rising materials costs, uncertain delivery times, and rationing of vital inputs are due to the ongoing global construction struggles with materials shortages and prices.   more...

05/28/2021

Facts About Selling a Home to Your Family

Facts About Selling a Home to Your Family

It’s not uncommon to wish to sell a home to a family member, but it can become a tricky situation. You have to be mindful of not only the personal elements that can come with doing this type of transaction with a relative, but the IRS may also scrutinize the transaction if you don’t avoid certain red flags. It’s perfectly legal to sell a home to a family member as long as you’re not just doing it to avoid taxes. If you’re selling the property at a steeply discounted rate, you might have to pay an estate and gift tax, but beyond that, it’s just like any other real estate transaction.   more...

05/12/2021

Housing Interest Continues to Fall as Mortgage Rates Drop to a Two-Month Low!

Housing Interest Continues to Fall as Mortgage Rates Drop to a Two-Month Low!

Lower mortgage rates are not prompting homeowners or potential homebuyers to contact their lenders, as other obstacles stand in their way. According to the Mortgage Bankers Association’s seasonally adjusted index, the total mortgage application volume fell 2.5% last week from the previous week.   more...

05/11/2021

Millennials are making their presence felt in the real estate market

Millennials are making their presence felt in the real estate market

Photo by Kindel Media from Pexels   more...