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February Absorption Rate Long Beach 90808

In Long Beach Zip Code 90808, there are 20 active and 18 homes sold in February 2023 with an average 29 days on the market, at a median selling price $954,000.  That's an absorption rate of 90%. Anything over 20% means a healthy market.    For more community articles:     https://janie.jhagents.com/blog  

What Makes a Home Difficult to Insure

What Makes a Home Difficult to Insure  Home insurance may be one of the last things you’ll think about when buying a home, but in some situations, insuring your biggest asset isn’t so easy. And without insurance, you won’t be able to qualify for a home loan. Here are five things that can make getting home insurance difficult, or at least more expensive:   ...

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Moving Survival Guide

Moving can be a stressful and overwhelming experience, especially if you’re not adequately prepared. However, creating a moving survival guide can make the process a lot easier and less stressful. This blog post will look at some essential items to include in your moving survival guide. 1:Tools Basic tools can help you disassemble furniture, remove curtains, and make minor repa...

10 of the worst pre-selling home improvements

Selling a home can be a stressful and time-consuming process. Homeowners often make improvements to their homes in an effort to make it more appealing to potential buyers. However, not all home improvements are created equal. In fact, some improvements can actually make your home less desirable to buyers. This blog post will discuss the top 10 worst improvements a seller can make to sell their ...

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5 Home Selling Mistakes to Avoid

Selling a home is a major financial decision, and it's essential to do it right to maximize your return on investment. Unfortunately, many homeowners make mistakes that can significantly impact the selling process. Here are five common home-selling mistakes and how to avoid them. 1. Not using professional listing photos With the vast majority of home buyers starting their search onlin...

What Buyer Activity Tells Us About the Housing Market

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can be seen in the latest&nbs...

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Contingent vs. Pending Sale

What’s the Difference Between Contingent and Pending? If you’ve offered a home and the status is now contingent, the seller has accepted the offer, but certain conditions must be met first. Those conditions could be from either side. For instance, a buyer might request an inspection, or the seller could request a specific type of loan from the buyer. Deals can fall apar...

How the Banking Turmoil May Impact the Feds Decision

The Federal Reserve is meeting this week to decide its next step on interest rates just as its yearlong fight against inflation is colliding with a crunch in the financial sector. The Fed’s next move will be closely watched as recent bank failures are stirring memories of the 2008 financial crisis. Even before the central bank policy decision on Wednesday, investo...

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TikTok Scrutiny

TikTok Scrutiny: CEO Will Tell Lawmakers App Is Safe For Minors And Ban Would ‘Hurt’ U.S. Economy TikTok CEO Shou Zi Chew will highlight the app’s safety measures to protect minors and efforts to firewall U.S. user data from foreign access as he speaks to U.S. lawmakers Thursday, according to the text of his prepared remarks released by the House Energy and Commerce Co...

Understanding The FEDS And How They Affect Your Money

Here’s what the highest Fed rates in more than a decade mean for your money Did you buy a home in 2020? Did you job-hop in 2021? Did you hold off on buying a new car or home in 2022 until you can find a cheaper deal and lower interest rate? Believe it or not, one institution impacts even the tiniest of your financial decisions: The Federal Reserve. What is the Federal Reserve? ...