The current real estate market presents a complex landscape for potential buyers and sellers. Interest rates have stabilized but remain higher than in recent years, and deciding whether or not this is the right time to buy or sell is a more difficult question to answer. Do you plan to stay in the home for a long period of time? Can you afford the monthly payments comfortably? Real estate is always a good investment, if you know what you’re looking for and how to get in and out when the situation dictates. Despite higher rates in desirable areas like Southern California, does the long-term appreciation potential of property suggest that buying could still be a wise decision at this tumultuous time?

The National Association of Realtors and the Justice Department have reached a settlement that is altering the framework of real estate agent commissions and how they are paid. Buyers and sellers alike may need to negotiate commission structures differently, potentially impacting the overall cost of transactions. It’s all about skilled representation from experts who know how to navigate the potential pitfalls that may arise, and both sides will have dedicated agents looking after their interests. Will the public be willing to pay the experts the going rate to make sure their deals run as smoothly as possible? How is this paradigm shift in the industry going to affect the home buying or selling experience?

The ongoing issue of low housing inventory continues to drive up prices in many areas, creating a fiercely competitive environment. Multiple offer situations are becoming more the norm, and buyers are looking for innovative ways to make their offers appealing to sellers. Upcoming changes in appraisal methods and credit scoring systems may also affect future real estate purchases, meaning that purchasers must up their game even further. What are the most useful strategies that prospective homeowners can use to stand out in a low-inventory market while also staying up to date on loan requirements? This week’s guests include:

– Jennifer Martinez (Sierra Pacific Wholesale) discusses various loan programs, including VA joint loans and down payment assistance options.

– Connie Hernandez (PMA Covina) provides insights into the current market from both a lending and real estate perspective.