LOW SUPPLY AND MULTIPLE OFFERS

Since June 2022, mortgage rates have climbed above 6%, sparking a fierce tug-of-war between buyers and sellers. Low demand favors buyers, while low supply favors sellers.  Inventory has decreased by 14% from 2,530 homes in January to 2,168 at present while demand has skyrocketed from 900 pending sales in January to 1,567 currently. Market time has reduced to its lowest level since May 2022, dropping from 84 days in January to 42 days today. Any market time below 50 days suggests there is not enough homes available to purchase.

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Who Is Ellie Yung?   Want to Know More?  Here are some Fun Facts about Ellie I can bet you didn't know!

Get to Know Ellie Yung, as more than just a Real Estate Agent!  You may have more in common than you thought!  

 Subscribe Now, YouTube.com/@EllieYung, As There Will Be More Videos To Come! 

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COMPLIMENTARY SPRING FAMILY PHOTOS

Spring is in the air! Please enjoy a Spring Family Photo Session compliments of Ellie Yung Real Estate Team. You will receive 1 free digital photo and may purchase additional if you would like. Photography provided by Danielle Choi Photography.

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Unleash the power of the BRRRR Method and unlock your path to financial freedom! Discover how this strategy can fast-track your real estate investing journey, enabling you to retire early and become work optional!

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Get ready, tax season is looming, and if you made a huge profit from selling your home, be prepared to pay the piper - the IRS. But fear not! Besides enlisting the help of a skilled accountant, here are three sneaky hacks to slash your capital gains!

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EVIDENCE THE REAL ESTATE MARKET IS BOUNCING BACK

In 2021 and 2022, the real estate market was setting records left and right – soaring existing home sales numbers, quickest days on market times, skyrocketing home prices – and then the second half of 2022 happened and we saw the market balancing. No, it didn’t crash or collapse or nosedive, it balanced and normalized to a more sustainable state of existence that benefits us all.

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