Sackin-Stone Team
DIFFERENT AND BETTER SINCE 1988

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Aerial view of 17th Street and Pacific Coast Highway in Huntington Beach with the coastline and Pacific Ocean in the background

Orange County Is the Second Most Overvalued Housing Market in America. That Number Means Something Different Than You Think.

Orange County home prices sit about 35% above what local income, employment, and rent trends would predict, ranking it the second most overvalued U.S. housing market. That figure measures deviation from historical fundamentals, not a price forecast. Orange County inventory is rising and affordability is tight, but low foreclosure activity and thin supply continue supporting values.

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Chances of Another Foreclosure Crisis?

Chances of another foreclosure crisis? There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program.

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VA Home Loans: Helping Heroes Find a Home

Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their own homes.

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Real Estate Is a Driving Force in the Economy

As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later. Housing, therefore, has thrived in an otherwise down year.

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Americans Are Gaining Confidence in the Economy

Americans are gaining confidence in the economy. The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on many Americans.

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Is Now a Good Time to Move?

Is now a good time to move? How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to be in one place, considering the average length of time homeowners used to stay put hovered closer to 6 years.

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Buyers Are Finding More Space in the Luxury Home Market

Buyers are finding more space in the luxury home market. A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market.

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Why Pricing Your House Right Is Essential

According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating.

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A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market. A homeowner’s net worth is 40x greater than a renter’s.

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