How to Build Wealth through Real Estate

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”

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Ellie Yung
Irvine Market Update - November 🏡

Hope everyone had a Happy Thanksgiving! Today’s Insane Seller’s Market is not going anywhere. Rather, it is setting up for an Extremely Hot 2022 market from January 1st and on. Last year there were 2,522 homes available on January 1st. By year-end, there will be less than 1,500 homes, 41% fewer than the start to this year. Low supply matched with overabundant demand, coupled by low mortgage rates, point to a hot housing market through Spring 2022.

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Ellie Yung
First-Time Home Buyer, What To Know!

If you’ve never purchased a home before, you may have no idea where to begin when preparing to become a homeowner. With the crazy housing market, the real estate process can be overwhelming! These tips can help anyone feel a little more prepared for their first home purchase!

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Ellie Yung
Irvine Market Update - October 🏡

In June of last year, housing climbed out of COVID lockdowns and resurfaced firing on all cylinders. Overnight, the real estate industry has become accustomed to tons of showings, multiple offers, and homes selling for more than their asking prices. The luxury housing market ($1.5M+) has surged right along with the lower price ranges at a record pace. Through September in Orange County, closed sales are up 30% year-over-year for all price ranges. At the current pace, sales in 2021 are the highest since 2005, prior to the Great Recession.

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Ellie Yung
How To Save Up for a Home

Are you thinking about buying a home and just don’t know where to start? Before you even begin looking at homes, consider how much you may need to save to make the process as smooth as possible for you, especially in the long run. While there are situations where you don’t need a large down payment for a home, having one can save you money down the road.

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Ellie Yung
Irvine Market Update - September 🏡

The housing market has been extremely hot since June 2020 and has not let up ever since. Current market dynamics point to a continued supply crisis with fewer homes entering the market, elevated demand due to historically low mortgage rates, and an insane "Days on Market" well below 40 days. All signs point to continued multiple offers, continued crowds of buyers jumping at every home listed on the market, and continued appreciation.

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Ellie Yung