Independence Day has a lot of significance to us at Coldwell Banker. Now, of course, it’s our nation’s birthday, and commemorates the signing of the Declaration of Independence on July 4, 1776 (and subsequently, our independence from Great Britain). However, as our nation prepares to go all red, white and blue with fireworks, parades, backyard barbecues, picnics, concerts, baseball games and just about every American tradition you can think of, there is yet another reason why the 4th of July has us singing yankee doodle and feeling dandy. After almost two decades of rumor and speculation, 20th Century Fox recently announced that July 3, 2015 would mark the triumphant return of the 1996 summer blockbuster, “Independence Day.”
So, we can’t help but feel a double dose of patriotic pride this year. After all, who didn’t get at least a little teary-eyed when Bill Pullman (as President Thomas J. Whitmore) addresses his soldiers in the first film, proclaiming:
“Perhaps it’s fate that today is the Fourth of July and you will once again be fighting for our freedom, not from tyranny, oppression, or persecution—but from annihilation. We are fighting for our right to live, to exist. And should we win the day, the Fourth of July will no longer be known as an American holiday, but as the day when the world declared in one voice, ‘We will not go quietly into the night! We will not vanish without a fight! We’re going to live on! We’re going to survive! Today we celebrate our Independence Day!'”
Granted, we may not be an alien attack away from earthly annihilation this July 4th. But for all the fireworks-watching and flag-waving and backyard-barbecuing we’re going to be doing next Thursday, President Thomas J. Whitmore’s words still serve as a reminder of those in uniform who have made our mere existence (both as individuals and as a nation) possible. Thanks to them, we’re free to sit in our lawn chairs, eat our hot dogs, wear American flag shorts and witness pyrotechnical splendor in our skies—all from the comforts of our homes. That is the great American Dream. For this Independence Day and future Independence Days, we wish all Americans and Californians an opportunity to achieve that dream.
And with that, we present you with this week’s real estate headlines:
If you’ve gotten outbid on a home recently, don’t worry. Expect more homes on the market as prices begin to rise, says the Los Angeles Times.
Or…just skip the bidding wars altogether and find an agent who is willing to do some clever renaissance to find homes that haven’t hit the market yet.
Unfortunately, the housing recovery has not impacted all Americans. Some still are not able to purchase homes, says the Harvard Research Center.
Is now a good time to buy a home? Ah, the proverbial real estate question! If you want to look beyond prices and mortgage rates, the job market in California is improving by leaps and bounds.
One thing is for sure—it’s a good time to sell your home. Single-family home prices jumped in April, racking up their biggest annual gain in seven years, according to Reuters.
Mortgage rates may be inching up, but they have not put a damper on the American housing market’s rebound, reports the New York Times.
If you live in San Francisco or Los Angeles, it might be a good time to sell—but beware—Case-Shiller mentions the B-word.
Don’t fret, if rising prices and mortgage rates have you worried about a real estate slowdown. “This doesn’t signal the recovery has stalled; it’s actually a positive sign that the market is returning to normal,” reports Fortune.
What do you think about the latest headlines? Do they make you want to spend your next Independence Day in a new home? Or make you want to hit the pause button on the real estate fireworks right now?
Images courtesy of: Flickr, toddrmitchell.com