Real Estate Lingo Guide for Buyers
Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms… Read More
Inventory Shortage = Inventory Mismatch
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6 month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than… Read More
Thinking of Selling? Do it TODAY!
That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!… Read More
What Do Higher Interest Rates Mean?
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home,… Read More
Winter Buyers are Serious
The Ransom-McKenzie Team has been busy already this winter. We’ve been experiencing a high volume of buyers who are ready to buy, now. While winter is often perceived as a down time for real estate, we’re currently seeing… Read More
Orange Roots
The remarkable story of two trees, a pioneer town, and the University of California, Riverside Riverside’s relationship with the citrus industry runs deep. When the navel orange tree was introduced to our region in 1873, Riverside entered a… Read More
Millenials vs Boomers
According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America’s youth born between 1982-2000, now represent more than one quarter of the nation’s population, totaling 83.1 million. There… Read More
Interest Rates Going UP in 2017
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate jumped up to 3.94% shortly after the election last month. Interest rates had been hovering around 3.5% since June, and many are… Read More
Home Sales Continue UP
People often ask us how the world of real estate is doing in Riverside. Especially now that we’re closing in on another year, and are looking into next year with a new Presidential administration. We can honestly say… Read More
The Ransom-McKenzie Team 