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Jeff & Cheryl Fox
Specializing In Superior Customer Service Since 1974
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  • The Truth About Negative Home Equity Headlines

    Headlines Focus on Short-Term Equity Numbers and Fail To Convey the Long-Term View One piece of news circulating focuses on the percentage of homes purchased in 2022 that are currently underwater. The term underwater refers to a scenario where the homeowner owes more on the loan than the house is worth. This was a huge issue when the housing market crashed in 2008, but it much less significant today....
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  • Calculated Debt-To-Income Ratios

    Most loans today employ the use of calculated debt-to-income ratios. A debt ratio compares outstanding monthly payments with gross monthly income. If someone has $3,000 in monthly debt and the maximum limit is $10,000, the ratio is 30. This application will qualify if a mortgage program asks for a maximum of 33. Typically, there are two “ratios,” referred to as the ‘front’ and ‘back’ ratios. The front ratio is assigned to the mortgage payment....
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  • What Every Seller Should Know About Home Prices

    If you’re trying to decide whether or not to sell your house, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know. What’s Really Happening with Home Prices?...
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  • November And December Are The Two Best Months To Sell A Home

    Contrary to popular belief, November and December can be the best time to sell a home. Many home sellers will take their property off the market for the holidays. A considerable number will wait for Spring to list their home for sale. It's common knowledge that Spring is a busy time for real estate transactions, but it also means more houses on the market and more competition. An essential statistic people tend to overlook is the % of homes sold to the number of listings during various month...
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  • Home Equity: A Source Of Strength For Homeowners Today

    “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.”...
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  • Key Factors Affecting Home Affordability Today

    Key Factors Affecting Home Affordability Today Whenever there’s a news segment about the housing market, we hear about the affordability challenges buyers face today. Those headlines are focused on how much mortgage rates have climbed this year. And while it's true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. ...
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  • 3 Graphs Showing Why Today’S Housing Market Isn’T Like 2008

    With all the headlines and talk in the media about the shift in the housing market, you might think this is a housing bubble. It’s only natural for those thoughts to creep in that make you think it could be a repeat of what took place in 2008. But the good news is that there’s concrete data to show why this is nothing like last time. ...
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  • Should You Still Buy A Home With The Latest News About Inflation?

    While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost of goods and services climb. The pinch it’s creating on your wallet and the looming economic uncertainty may leave you wondering: “sho...
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  • The Emotional And Non-Financial Benefits Of Homeownership

    If you're planning to buy a home this year, there are incredible benefits waiting for you at the end of your journey, including the ability to customize your home, the sense of achievement homeownership brings, and a greater connection to your community. Let's connect to discuss everything homeownership has to offer. ...
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  • What Are Experts Saying About The Fall Housing Market?

    Mortgage rates, home prices, and the supply of homes for sale are top of mind for buyers and sellers today. And if you want the latest information for our area, let’s connect today....
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  • Two Questions Every Homebuyer Should Ask Themselves Right Now

    Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have increased dramatically since the beginning of the year. This leaves some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon....
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  • If You’Re Thinking Of Selling Your House This Fall, Hire A Pro

    Today's market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you updated and help you make the best decisions based on current market trends, but they're also experts in managing the many aspects of selling your house....
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  • The True Strength Of Homeowners Today

    The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history....
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  • Getting Your House Ready To Sell?

    In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house....
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  • Why You May Want To Start Your Home Search Now

    If you’re thinking about buying a home, you likely have a lot of factors on your mind. You’re weighing your own needs against higher mortgage rates, today’s home prices, and more to try to decide if you want to jump into the market. While some buyers may wait things out, there’s a reason serious buyers are making moves right now, and that’s the growing number of homes for sale....
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  • Are You Wondering What A Recession Could Do To Home Values?

    Are you wondering what a recession could do to home values? Historical data proves an economic slowdown doesn’t mean prices will fall. In four of the last six recessions, home prices actually appreciated. This goes to show that 2008 wasn’t the norm. However, of the 887 homes that sold in the San Fernando Valley in July 2020, 354 sold at a reduced price....
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  • Why It’S Still A Sellers’ Market

    Market conditions are still favoring sellers even though the market is cooling. If you price your house right, you'll find success when you sell your house today. While buyer demand is softening due to higher mortgage rates, homes priced right are still selling fast. In June, home prices across the board in the San Fernando Valley showed price reductions. Wondering if it's still a good time to sell? Give us a call at 818-207-2013...
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  • As Mortgage Rates Surge Higher, Some Home Buyers Are Being Locked Out Of The Market

    The steep upward climb in mortgage rates still isn't showing any signs of stopping. The average rate on a 30-year fixed-rate mortgage was 4.72% as of the week ending April 7, Freddie Mac reported Thursday, up from 4.67% a week earlier. The last time the interest rates on home loans were this high was in the fall of 2018....
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  • Sold In 10 Days $250,000 Over Asking!

    SOLD IN 10 DAYS $250,000 OVER ASKING!...
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  • The Most Coveted Kitchen Trends Of 2022

    Right now, real estate prices continue to be pervasively high, and so is demand, while inventory is low. The market is making many people reconsider whether or not it’s the right time to buy a new home, and instead, they’re opting to make changes to their current house. The kitchen is one of the prime places to take on a remodeling project because it’s where most people spend the vast majority of their time....
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  • The Power Of Staging Your Home To Sell

    Often minor changes can enhance a home's "showability" when offered to the public for inspection. Sellers don't seem to realize when "too much of their home" is showing. Staging your home for its most pleasing presentation requires a room-by-room critique to offer the best first impressions....
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  • What To Expect From A Home Inspection

    If you’re buying a home, an inspection can help you avoid the potential disaster of purchasing a home and then realizing it has structural issues that aren’t fixable or would be extremely expensive to repair. You should have a home inspection before closing on a loan. If there are issues and you’re the buyer, you can contact the seller if any major problems are discovered....
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  • Garden Trends 2022 – 25 Of The Latest Looks And New Ways To Garden

    These are the top garden ideas and garden trends for 2022 to steer you in the right direction, from the best small garden ideas and sustainable gardens to garden color schemes and garden decorating ideas....
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  • Free N95 Masks Are Now Available At More Pharmacies And Retailers—Here’S Where To Find Them

    Last month, President Biden announced that Americans could start receiving N95 masks at no charge from retailers and health centers starting Jan. 23, but most retailers at that time were still waiting for shipments of these free masks to arrive.  Since then, however, more of the 400 million N95 masks have been distributed to pharmacies and retailers and are now available to consumers. Where to find N95 masks at no charge...
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  • Should You Add A Reit To Your Investment Portfolio?

    Many people want to invest in real estate, but they’re not ready to flip properties or be a landlord. There are other ways to invest in real estate without having the responsibility of holding physical property. One way is a Real Estate Investment Trust or REIT....
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  • Insurers Must Now Cover Covid-19 Tests

    Insurers Must Now Cover COVID-19 Tests...
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  • Dear Renting, It's Time For Us To Break Up

    Say goodbye to renting!...
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  • Dear Renting, It's Time For Us To Break Up

    Say goodbye to renting!...
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  • Are Home Warranties Worth It

    Doing your own repairs, or finding the right person to do repairs, takes time and patience. Having a home warranty can help....
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  • Just A Few Helpful Tips To Help Keep Your Credit Consistent During Closing.

    Keep your credit consistent during the closing....
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  • How To Deal With Covid-19 Mental Fatigue

    It makes sense that all of us – including our children – are experiencing COVID-19 mental fatigue. It’s affecting not only our physical health but our mental health....
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  • What Is Keeping You In California? 10 Housing Market "Hidden Gems"

    Top 10 Housing Market “Hidden Gems” in 2022. Alternatives to living in California....
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  • No, The Housing Market Isn’T About To Crash

    Should you buy a home now or wait for prices to come down?...
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  • A Taste Of The 1970S? Inflation And Rising Mortgage Rates Will Add Pressure To Real Estate Markets.

    While I don't always agree with Real Estate Economists, I think Mr. Young is right in his real estate market forecast. In 1974 I purchased this home in Porter Ranch for $49,000.00. I used my VA loan, which had an interest rate of 9.5%. Today the property is valued at more than $1M. It's important to understand the market fluctuations when deciding whether to buy or sell a home. Unfortunately, it is tough to time the market. ...
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  • Is Your Credit Score Suffering Because Of Deferments During Covid-19?

    Hundreds of consumers across the country are up in arms. They said their credit is being ruined all because lenders are mistakenly putting black marks on their accounts. This is an urgent warning for all consumers who deferred making credit card, car loan, or mortgage payments amid the pandemic. Lenders are not supposed to penalize you for COVID-related relief, but unfortunately, in many cases, that is exactly what they are doing....
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  • Coronavirus Mortgage Relief: What You Need To Know

    It’s a confusing time, but lenders are putting remedies, like forbearance, in place to help homeowners. Read more...
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  • 2021 What Now?

    How to have fun with your family online....
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  • Feeling Stressed! Goodbye 2020!

    End of Year Newsletter...
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  • How To Win A Bidding War!

    How to win a bidding war on a property you really want....
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  • Michigan Rep. Cynthia Johnson

    Michigan Rep. Cynthia Johnson incites violence...
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  • Are The Holidays A Good Time To List Your House?

    Is the holiday season a good time to sell your home? Winter months boast the highest sales to listings percentages of the year....
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  • Ppp Loan Forgiveness

    The IRS has published a Revenue Procedure and a Revenue Ruling to try to clarify certain complex and controversial details in PPP loan forgiveness. Click through for a summary of the new IRS guidance....
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  • #Alonetogether

    #AloneTogether...
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  • Staging, Is It Worth It?

    Is staging worth it?...
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  • How Does The New Mortgage Interest Deduction Affect You?

    How Does the New Mortgage Interest Deductions Affect You? ...
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  • Just Listed! 29349 Ryan Lane , Canyon Country, Ca 91387

    RARE 5 Bedroom, 3 Bath Beautiful home nestled in the rolling hills of the Mint Canyon Development with NO MELLO ROOS! Experience Majestic hillside views from the upstairs bedrooms and the expansive custom balcony. Situated on a cul-de-sac, this lovely home features an open and bright floorplan with no rear neighbors. There are numerous features and upgrades throughout. The downstairs boasts a formal living room; family room with a fireplace, built-in media center and fireplace to enjoy gather...
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Testimonials

Jeff and Cheryl Fox are amazing realty professionals who get results for their clients. My wife and I were looking to purchase our...
- Stephen and Melissa L.

Contact Jeff and Cheryl Fox

16133 Ventura Blvd. 7th Floor
Encino CA 91436

CalBRE# 00544250, CalBRE# 01264144

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