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My Real Estate Blog

Interest Rates Remain at Historic Lows… But for How Long?

Sep 12, 2016

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year…

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Home Prices Up 5.61% Across The Country! [INFOGRAPHIC]

Sep 9, 2016

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Vermont was the only one state where home…

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New Construction Numbers: Now Versus 2005

Sep 8, 2016

There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The havoc during the last cycle was the result of building too many homes and of…

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Is the Current Pace of Home Sales Sustainable?

Sep 7, 2016

There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. Why the…

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5 Reasons to Sell This Fall

Sep 6, 2016

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family. Here are five reasons why you should consider…

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14,767 Homes Sold Yesterday… Did Yours?

Sep 5, 2016

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow. 14,767! That…

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Want to Get an A? Hire A Real Estate Pro [INFOGRAPHIC]

Sep 2, 2016

Some Highlights: Hiring a Real Estate Professional to buy your dream home, or sell your current house, is one of the most ‘educated’ decisions you can make! A Real Estate Professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions & can simply…

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The Housing Market is Doing Just Fine

Sep 1, 2016

There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the U.S. residential real estate market is…

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Home Values: DEFINITELY NOT in Bubble Range!!

Aug 31, 2016

There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today. The graph definitely looks like…

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Why Is There So Much Paperwork to Sign to Get a Mortgage?

Aug 30, 2016

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and…

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Don’t Get Caught in the Rental Trap!

Aug 29, 2016

There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental…

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How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]

Aug 26, 2016

Some Highlights: The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply since August 2012! Buyer Demand…

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