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Housing

Big Changes in Construction: What the Latest Spending Drop Means for Buyers, Builders, and Investors

Sean Eliott - 0
There’s been a surprising shake-up in the construction world that’s worth your attention, especially if you're thinking about buying, building, or investing in real estate. Construction spending in the U.S. just dropped for the second month in a row, and much of that...
Finance

What’s the Difference Between Interest Rate and APR?

Sean Eliott - 0
If you’ve started shopping for a home—or even just poked around a mortgage calculator—you’ve probably come across two terms that sound suspiciously similar: interest rate and APR. While they may seem interchangeable at first glance, they’re actually very different, and understanding both could be...
Housing

The Housing Market Has Flipped: Why Buyers Now Have the Upper Hand

Sean Eliott - 0
Let me start with this: something big just shifted in the housing market. According to a brand-new report from Redfin, sellers now outnumber buyers by the widest margin on record going all the way back to 2013. That’s not just a stat—it’s a significant...
Finance

Mortgage Rates in 2025: The Harsh Reality

Sean Eliott - 0
If you’ve been sitting on the sidelines waiting for mortgage rates to finally cool off, you’re not alone. But let’s cut to the chase: mortgage rates hit 7.4% in January 2025, and while they’ve dipped slightly since, we’re still living in the 6.5%...
Housing

From the Golden State to Canada’s Ocean Playground: Why Californians Are Eyeing Nova Scotia for Their Next Chapter

Sean Eliott - 0
California has long been the stuff of dreams—golden beaches stretching endlessly along the Pacific, multicultural scenes in cities like Los Angeles and San Francisco, and tech hubs that have revolutionized how the world connects and communicates. For decades, people flocked to the Golden...
First Time Home Buyer

Pre-Qualification vs. Pre-Approval: What’s the Difference and Why It Matters

Sean Eliott - 0
Let’s face it—buying a home is a big deal, and navigating the mortgage process can feel like trying to decode a foreign language. You’ll hear terms like “pre-qualification” and “pre-approval” thrown around a lot, and while they sound similar, they serve very different...
Housing

A Big Change Could Be Coming in the Housing Industry

Sean Eliott - 0
Buying a home in today’s market feels like trying to thread a needle during an earthquake—prices are high, mortgage rates are stubborn, and competition remains fierce. It's no wonder many potential buyers, especially younger Americans, are sitting on the sidelines, waiting for things...
Housing

The Costly Mistake Home Sellers Are Making in Today’s Market

Sean Eliott - 0
Thinking about selling your home? Before you list, there’s one major mistake you’ll want to avoid—one that’s becoming more common and can seriously impact how quickly (and how profitably) your home sells. This isn’t just about bad timing or outdated kitchens. It’s something...
Housing

What is Mello-Roos? Everything You Need to Know About This California Tax

Sean Eliott - 0
If you're shopping for a home in California—especially in newer communities—there’s a good chance you’ve come across the term Mello-Roos. But what exactly does it mean? And more importantly, how does it affect your property taxes and long-term financial plan as a homeowner? Understanding...
Housing

The Lawsuit That Could Reshape Rent Prices Nationwide

Sean Eliott - 0
If you’ve been renting or just following the wild fluctuations in housing prices lately, this is one story you’ll want to keep a close eye on. A groundbreaking lawsuit is sending shockwaves through the rental industry—and at the center of it all is...
First Time Home Buyer

What Is an Earnest Money Deposit? A First-Time Homebuyer’s Guide

Sean Eliott - 0
Buying your first home is exciting—but let’s be honest, it can also feel a little overwhelming. Between pre-approvals, inspections, contracts, and negotiations, there’s a lot to learn. One term that often pops up early in the process is earnest money deposit. If you’ve never...
Housing

The Top 10 States Solving America’s Housing Crisis (And the Ones Making It Worse)

Sean Eliott - 0
If you’ve been house hunting lately, you already know—it’s rough out there. Sky-high prices, limited inventory, and rising mortgage rates have made homeownership feel more like a pipe dream than the American dream. But here’s the good news: some states are actually doing...
Finance

What is Escrow in Real Estate?

Sean Eliott - 0
If you've ever started the home buying or selling process and heard the word “escrow” tossed around like everyone should know what it means, you’re not alone. Escrow is one of those real estate terms that sounds technical—and maybe even a little intimidating—but...
Housing

Is the Market About to Stall Out? Breaking Down Zillow, Bankrate & NAR Reports

Sean Eliott - 0
The 2025 housing market is off to a confusing start. Depending on who you ask, we’re either heading for a long-overdue correction or experiencing a slow march toward recovery. With big-name forecasters like Zillow, Bankrate, and the National Association of Realtors (NAR) all...
Finance

What is PMI? A Beginner’s Guide to Private Mortgage Insurance

Sean Eliott - 0
Buying a home is a big milestone, and whether you're a first-time buyer or just getting back into the market, you'll quickly realize there’s a whole new language to learn—escrow, appraisals, contingencies... and then there’s PMI. So, what is PMI? Do you need it?...
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First Time Home Buyer

pre-qualification vs pre-approval

Pre-Qualification vs. Pre-Approval: What’s the Difference and Why It Matters

Sean Eliott - 0
Let’s face it—buying a home is a big deal, and navigating the mortgage process can feel like trying to decode a foreign language. You’ll...
earnest money deposit

What Is an Earnest Money Deposit? A First-Time Homebuyer’s Guide

Sean Eliott - 0
Buying your first home is exciting—but let’s be honest, it can also feel a little overwhelming. Between pre-approvals, inspections, contracts, and negotiations, there’s a...
first time homebuyer

A First-Time Homebuyer’s Guide to Programs That Can Help You Get...

What is the Difference Between a Buyer’s Market and a Seller’s...

Don’t Get Caught in the Flames: First-time Homeowner’s Guide to Wildfires...

How Much Do You Really Need for a Mortgage Down Payment?

RECENT VIDEO

Wondering what a mortgage rate lock is—and whether it’s the right move for you? In this episode of Two-Minute Tuesday, I break it down in plain English! You'll learn: - What a mortgage rate lock actually means - When to lock in your interest rate - When it might be better to wait - Real-world examples that make it all make sense Timestamps: 0:00 – What Is Two-Minute Tuesday? 0:06 – What Is a Mortgage Rate Lock? 0:33 – How Locking Your Rate Works 0:54 – Example: Locking at 6.5% 1:19 – When You Should Lock Your Rate 1:40 – When You Might Not Want to Lock 1:50 – What’s a Float Down Option? 2:05 – How Long Do Rate Locks Last? Alex Schult CA DRE License # 02236174 KW Spectrum Properties 📲 Text: 949-726-2601 📧 Email: aschult@kw.com 🎥 Videos You May Like Housing Market Warning? Construction Spending Drops Again https://youtu.be/2E-I9hShwiQ Interest Rate vs. APR: The Homebuyer Mistake That Could Cost You Thousands! https://youtu.be/x9UieeqC6Dc #MortgageRateLock #LockYourRate #mortgageadvice #homeloanadvice DISCLAIMER: This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.

Wondering what a mortgage rate lock is—and whether it’s the right move for you? In this episode of Two-Minute Tuesday, I break it down in plain English!

You'll learn:
- What a mortgage rate lock actually means
- When to lock in your interest rate
- When it might be better to wait
- Real-world examples that make it all make sense

Timestamps:

0:00 – What Is Two-Minute Tuesday?
0:06 – What Is a Mortgage Rate Lock?
0:33 – How Locking Your Rate Works
0:54 – Example: Locking at 6.5%
1:19 – When You Should Lock Your Rate
1:40 – When You Might Not Want to Lock
1:50 – What’s a Float Down Option?
2:05 – How Long Do Rate Locks Last?

Alex Schult CA DRE License # 02236174 KW Spectrum Properties 📲 Text: 949-726-2601 📧 Email: aschult@kw.com

🎥 Videos You May Like

Housing Market Warning? Construction Spending Drops Again
https://youtu.be/2E-I9hShwiQ

Interest Rate vs. APR: The Homebuyer Mistake That Could Cost You Thousands!
https://youtu.be/x9UieeqC6Dc

#MortgageRateLock #LockYourRate #mortgageadvice #homeloanadvice

DISCLAIMER: This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.

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YouTube Video VVVRbjFhblZiLWZpNU9UYzdVMVR6QVZ3LlF5bWJON0M1NklJ

What is a Mortgage Rate Lock and When Should You Do It? | Two-Minute Tuesday

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