Life is about choices
My son has been agonizing over college decisions for the past 2 weeks. He is one of the fortunate ones who has choices, excellent choices, the there-is-no-wrong-choice kind of choices– which in a way, makes it harder. Location, quality, cost, amenities, environment, culture, focus… how does one prioritize all the elements that go into the single largest decision he has ever made? He’s been spinning in analysis paralysis. Sound familiar?
I feel like this month has been all about priorities for my clients. Fact finding, option weighing, and soul searching all factor heavily in decision making. Real estate (like college) has many elements where you just have to do your research, but at the end of the day, it’s a leap of faith that gets you to the other side. There is no way of knowing the answers to all the questions. I can help by providing context and information based on my experience, but the end of the day, everyone needs to do what is best for them.
So if you are thinking of making a move but are stuck in your own analysis paralysis, please reach out for an agenda-free, non-judgmental conversation about what you are looking for and where you want to be. I love having these conversations and, according to my son, I excel at them 🙂
Real Estate Roundup
Market Report:
In Los Angeles, inventory has started to rise. There are more homes being listed now than at this time last year. Sales prices are also up. Average days on market is down.
If you are waiting for interest rates to come down, you might be waiting a long time. They continue to fluctuate but are basically between 6.3%-7.1%.
As you can see, the market is not waiting. I know I sound like a broken record but, buy the house you can afford while you can still afford it. People who bought last year had lower rates and have already added 4.7% equity to their investment. Plus, you can write off mortgage interest on your taxes. You can’t write off rent.
Until next month,
Emily