Uncategorized Setting Goals in 2021? It’s a new year in a new era, and it’s also a time when most of us set goals or make plans for the upcoming months. I set aside time today to think about my goals and desires for the next 12 months and the challenges you and I all face when trying to create […]
Uncategorized Aging in Place: What Every Senior Should Know Introduction: Aging in America Occasionally I share blog content from others that I find relevant to my clients. More and more often, I find myself working with seniors in transition who are seeking the best housing solutions to the challenges of growing older. Below you will find some ideas shared by Alejandra Roca of Porch […]
Uncategorized To Buy or Not to Buy? Fixer-Uppers for First-Time Homebuyer Image courtesy of Pixabay This week I am sharing a blog post from do-it-yourself guys Ray Flynn and Bret Engle. They are committed to DIY home projects and repairs with a real heart for the environment. If you’d like to know more about them, please check out their website at  diyguys.net. And while I don’t necessarily […]
Uncategorized What is a Buyer Love Letter?   Have you been competing to purchase a home but not been successful? Are you a Broker trying to give your Buyer a competitive edge? If so, then you may have been encouraged to include a “Buyer Love Letter” with your offer on a property. While this strategy may ultimately give you an advantage with […]
Uncategorized What’s Going On With Bidding Wars? And Are They Ongoing? In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home. According to the Cambridge English Dictionary, bidding […]
Uncategorized Next Recession in 2020? What Will Be the Impact?   Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report […]
Uncategorized Are Lending Standards Too Loose, Too Tight, or Just Right?     With home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done at the University […]
Uncategorized Will Home Prices Fall as Mortgage Rates Rise?   Mortgage interest rates have increased by more than half of a point since the beginning of the year, and they are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. And I have clients holding off […]
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Uncategorized 5 Ways Tax Reform Has Impacted the 2018 Housing Market   Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. […]
Uncategorized 4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. In spite of the concerns, today’s market is quite different than the bubble market of twelve years ago. There are four key metrics that illustrate why: Home […]
Uncategorized Getting Pre-Approved Should Always Be Your First Step   In many markets across the country, the number of buyers searching for their dream home greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-approved for a […]
Uncategorized House Prices: A Simple Matter of Supply & Demand   Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “…the amount of a commodity, product, or service available and […]
Uncategorized Where Are Mortgage Interest Rates Headed in 2018? And What Does It Mean? The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic […]
Uncategorized The Impact of Tight Inventory on the Housing Market The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It appears that the market will continue to strengthen […]
Uncategorized The Real Reason Home Prices are Increasing There are many theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (current data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak […]
Uncategorized The Importance of Home Equity in Retirement Planning I share information from time to time on the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can be […]
Uncategorized Buying Remains Cheaper Than Renting in 39 States… In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less […]
Uncategorized Is It OK to Ask How Much Someone Paid for a House? Filograph/iStock Is it OK to ask how much someone paid for their house? According to the following, written by Jeanne Sager, in the past such a question might have been considered gauche, just as much in poor taste as inquiring about someone’s salary or the amount in their bank account. But times have changed, particularly in the world of real estate. Want proof? Consider […]
Uncategorized The Truth About Homeowner Equity A recent article from a reputable news source was titled: Here’s why some homeowners still can’t sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but I want to bring better clarity […]
Uncategorized The ‘REAL’ News about Housing Affordability Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here […]