GLENN GASPAR
GG
DRE# 01048604
REAL ESTATE PROFESSIONAL
My Goal As A REALTOR...
To Change Society's Perception of Real Estate Agents,
One Client at a Time.
Scroll Down
Approaching the real estate market.
Buying too late in a market cycle will trap you in a home. Selling to early in a market cycle will lose you money.
Using the correct real estate strategy when buying, selling, or investing will be the key to your success in real estate.
With my experience combined with data-driven platforms I subscribe to help me. I am able to properly guide all of my clients according to their needs and goals when purchasing real estate.
person_outlineMy Work Experience
My business philosophy...
To dedicate myself exclusively to my client and focus on providing quality service,
expert market knowledge, and unbiased assistance. With the ultimate goal to enable
them to achieve "THEIR" real estate goals.
What past clients have said about my service.
"He went above & beyond to help me find my home. His interest is to protect the client." L. Luong
How To Contact Me
"He was prompt, knowledgeable and kind. He was very responsive."
S. Peterson
"Glenn was great to work with. He was always available to answer my questions and responded immediately to my emails and phone calls. He was optimistic and knowledgeable." L. Avelar
"Glenn was great. Knowledgeable and very helpful. Would work with him again." S. Remer
"Glenn was outstanding. Always on top of the ball. Glenn was excellent with his advice and outstanding service." J. Tando
Professional Experience
Serving the areas of
Los Angeles County
Orange County
and parts of
Riverside County
Residential Sales & Listings
Property Acquisitions
1031 Exchanges
Short Sales
Broker Price Opinion
Notice of Default
Foreclosures
Member of the National Association of REALTORS
Member of the California Association of REALTORS
Member of Pacific West Association of REALTORS
Board Member of PWR Professional Standards
Committee (2007-Present)
Ethics Advocate at PWR (2017-Present)
Board Member of PWR Charity Foundation (2008-2010)
Chair of PWR Grievance Committee (2006)
Vice Chair of PWR Grievance Committee (2005)
Grievance Committee Member (2001-2004)
Office Manager (2006-2008)
My Real Estate
&
Return To Home Page
GG
Glenn Gaspar
DRE# 01048604
Contact me so that I can answer your questions and be of service.
Contact Me:
C: 714 | 612 | 0995
E: GlennGaspar@Gmail.com
*REO data is updated late Tuesday and Friday night.
DRE# 01048604
Housing Market Update
The Real Direction of Real Estate
December's Housing Market Update: 2023
1.) California leads the nation in single-family rentals, boasting 2.1 million units, accounting for 15% of the total in the United States. It's noteworthy that the majority of these properties are owned by small-scale investors.
2.) In 2022, California claimed the top spot in owner-occupied homes with 6.8 million, constituting 9% of the total in the U.S. Following closely were Texas with 6.3 million, Florida with 4.8 million, Pennsylvania with 3.4 million, and New York with 3.2 million. Despite this, California's ownership growth was modest, increasing by only 6%, marking the third smallest gain among states and about half of the 11% national surge.
3.) Housing economists anticipate that a lack of apartment construction may lead to more substantial rent increases in the coming years. Southern California is projected to experience a 2-4% annual increase in apartment rents until 2025, providing some relief to renters from the relentless hikes in recent years. Orange County, a robust rental market in Southern California, is expected to see increases slightly above the average.
Back to home Page
Page 1 of 2
December Housing Market Update (cont)...
4.) Despite an above-average number of delivered housing units in Los Angeles County over the past twelve months, the region still grapples with a chronic rental housing shortage. Building permits for new apartments in the county have declined by 13% this year, reaching just under 11,000 units. Orange County is projected to build approximately 2,600 units annually from 2023 to 2025.
5.) The recent decline in home loan interest rates has spurred increased buyer activity, with a rise in home loan applications. Prospective buyers waiting for further rate drops are advised to reconsider, as rates nearing 6% are expected to draw a significant influx of buyers to the market, exacerbating the existing inventory shortage and potentially leading to a new cycle of competitive home bidding wars, favoring sellers once again.
Final note: The real estate housing market typically experiences a slowdown from October to March. If interest rates decline further, anticipate the springtime buying season to commence in February, a month earlier than usual. Here's a recommendation: If you have the financial capacity to purchase a home now, initiate the process of obtaining pre-approval for a home loan and actively start your home search. After successfully buying your home, consider refinancing your loan at a later date when interest rates decrease, aiming to reduce your monthly payments. It's worth noting that this strategy may not be applicable to those utilizing a down payment assistance program, so it's crucial to engage in a conversation with your lender for tailored advice.
Here to help you with our real estate questions, tours or to advise you on your next step. Always feel free to reach out to me.