From Matthew Boesler of the Business Insider: “Credit Suisse analyst Daniel Oppenheim states that ‘the breadth of strength in both pricing and traffic at the start of spring selling season’ is ‘unprecedented.’ Oppenheim says real estate agents are ‘widely citing increased buyer urgency due to the combination of persistent inventory shortages (driving prices higher) and signs of mortgage rates moving higher.'”

We can relate. Multiple bidders, all-cash offers — we’re seeing some heated competition in this market. But let’s all take a deep breath and slow down. As of today, mortgage rates are holding steady. So before you get swept up in any kind of stampede to the housing market, try the simpler and far less stressful approach of contacting Tracy Do Real Estate. We’re a team of well-connected, clear-thinking, highly experienced agents. We’ll sit down with you, listen to your goals and map a plan for getting the house you want. Head here to see what people are saying about us. Connect with us directly by email to tracy@tracydo.com, or by text to 323-842-4001.

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KPCC’s Matt Debord reports that rapid appreciation in certain neighborhoods has lead “some market observers to say that we’re dealing with a housing bubble… But that’s not really the story. There are some micro-bubbles. But if you look at the Case-Shiller home price index, it’s clear that, although prices have trended up steadily in LA County since the beginning of last year, the region isn’t seeing a price spike… where prices have surged by double-digits.”

Bubble or not, the best way to weather this real estate climate is by contacting the professionals at Tracy Do Real Estate. Years of experience and hundreds of successful transactions have given us a deep understanding of market dynamics. Whether you’re selling your home or looking to buy one, Tracy Do Real Estate will put you in the best position to succeed.

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To get started on your home search, contact Tracy Do Real Estate.

To receive new listings by email, or to schedule a viewing click here!

Alejandro Lazo reports in today’s LA Times: “The region’s median home price rose 19.6% in December.” Click here to read the article and also watch a video chat with housing experts, who agree that LA area values will continue to rise. Staying ahead of a fast-changing market isn’t easy. For sound advice and friendly, expert assistance, contact Tracy Do Real Estate.

Today on the Wall Street Journal website, Kristen Jones reports that “mortgage rates are likely to remain near record lows for the first half of 2013, while property values are expected to strengthen, according to mortgage-finance company Freddie Mac.” Translation: the best time to buy your home is right now. And we’re ready to help, so call, text or email Tracy Do Real Estate.

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For anyone still wondering whether it’s finally time to ditch that rental, the Wall Street Journal Developments blog has your answer x 2. Nick Timiraos reports on how “demand for single-family rental housing is outstripping the available supply of homes…” with the result being higher rents throughout the US.  And Kris Hudson and Dawn Wotapka write that, “economist Lawrence Yun foresees U.S. home prices rising by 15% over the next three years.”

Renters, it’s time to get off the sidelines. Interest rates are low, demand is up, and the cost of that house you want is forecast to rise. For a no-cost, no-obligation analysis of your options, including neighborhoods, price-point and financing, get in touch with me here. I will be happy to help you become a proud homeowner. And it might be a lot more obtainable than you think.

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An article in yesterday’s LA Times details the pitfalls of the appraisal process. Michelle Hofmann writes: “More than a third of real estate agents say they’ve recently seen lower-than-expected appraisals hold back home sales, even though buyers and sellers had reached agreement on price.”

It’s just one more reason that you should give me a call. Through ten-plus years in real estate and hundreds of negotiated deals, I’ve met with a countless number appraisers. And by coming prepared, studying the market daily, I have successfully advocated on my clients behalf. Don’t let a low or inaccurate valuation derail your home purchase or sale. With me you get top-shelf assistance through all aspects of your real estate transaction. From appraisal to “z.”

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