Malibu CA Real Estate

Fueled By Low Mortgage Rates

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Malibu CA real estate is fueled by low rates. Low rates mean that cash buyers can hold on to their cash because borrowing is very cheap at the moment. This also means that buyers can be investors. Rates have been low and do not appear to be rising any time soon. Malibu CA is a desirable area to call home and has long been a magnet for real estate investors.

Why are rates staying so low?

Low rates are fueled by the economic uncertainty related to the global pandemic. This uncertainty has kept the Federal interest rate hovering near zero. The Federal rate is not tied to mortgage rates but it has had a positive effect on home loans. Anyone who can refinance a loan from a higher rate can benefit. Additionally, anyone looking to buy a home can save a great deal of money over the lifetime of a loan.

How low are mortgage rates?

This past week the average rate for a 30-year fixed-rate mortgage was 2.67%. The average for a 15-year fixed-rate mortgage was 2.21%. One year ago these rates were roughly 3.7% and 3.2% respectively. This significant decrease is great for anyone looking to borrow money or refinance an existing loan.

Malibu CA offers a desirable lifestyle

People are drawn to buying Malibu real estate for the lifestyle. Working remotely offers the opportunity to get outside during a break or after work. Malibu CA offers the opportunity to enjoy great weather outside, whether surfing, hiking, or pursuing another outdoor adventure. Additionally, less time in a car and the lack of commute time equals more time with family.

Learn more about Malibu CA real estate

Contact me, Judy Kunisaki, today to learn more about living in Malibu. I welcome the opportunity to update you on the market while helping you get to know the area. Additionally, if you are looking for a lender throughout the buying process I can recommend the right person for you. Let my knowledge and experience serve as your guide to Malibu CA real estate.

Click here to read “Mortgage Rates Continue to Drop With New Record Lows” from REALTOR Magazine.

Malibu CA Real Estate, Second Homes Hold Appeal

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Second homes hold appeal, boosting Malibu CA real estate. The COVID crisis has people fleeing urban areas for more serene settings. As a result, locating the ideal oasis has become a priority. Malibu CA remains a desired and sought-after location for those seeking an escape by the ocean with endless views, a spectacular climate, and amenities galore.

Easy access matters

The Malibu area is easily accessible for anyone driving from the major cities in California as well as those with access to private planes. The pandemic is boosting vacation home sales that are in accessible locations, where people can travel to with as little stress as possible. Malibu is one of these locations!

Remote work can be done anywhere

The COVID crisis has had a great impact on work environments. People now not only realize that they can work from anywhere but also that they may not need to work from an office anymore. As a result, a Malibu home for sale that has a home office is appealing. Furthermore, a home office with a view is even better!

Lifestyle balance

The opportunity to blend a vacation lifestyle and work is creating a balance that many people never thought possible. Being able to walk on the beach or surf at the start of the day, during a break, or after work makes life better overall. Opting out of the hustle and bustle of daily traffic and city living is leading to a calmer life. Overall, it is easy to see why vacation homes sales are on the rise.

Learn more about Malibu CA real estate

Contact me, Judy Kunisaki, today to learn about real estate in Malibu. I welcome the opportunity to update you on market conditions while answering all of your buying and selling questions. Let my knowledge and experience serve as your guide to Malibu CA real estate.

Click here to read “Is the Second-Home Market Entering a Boom?” from REALTOR Magazine.