Blog
Waiting for the Mortgage Rates to Come Down?
Post Date: 11-02-2022
Waiting for the mortgage rates to come down before you buy a home may not be a good decision. ...CONTINUE READING
Finding Funds for a Down Payment
Post Date: 10-26-2022
A soft second loan, sometimes called a silent second, is subordinate to the first mortgage, whose payment is deferred or forgiven until a specific date or the resale of the property. ...CONTINUE READING
"Do you feel lucky? Well, do ya?"
Post Date: 10-19-2022
You may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank robbers and is standing in front of the lone surviving thief who is considering going for his gun. ...CONTINUE READING
When will the market turn?
Post Date: 10-12-2022
Housing affordability has declined dramatically in 2022 due to continued rising home prices and a three-percentage point jump in mortgage rates ...CONTINUE READING
Another Tool to Improve Affordability
Post Date: 10-03-2022
The rapid rise in mortgage rates during 2022 coupled with continued appreciation of home prices have limited the number of buyers in the market which is reflected by the lower number of home sales currently. "It's a fact that many households are impacted by higher mortgage rates as they no longer earn the qualifying income for the median-priced home." Nadia Evangelou, NAR Economist ...CONTINUE READING
Cause to Pause
Post Date: 09-28-2022
Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down. While it may be possible, the probability is that prices are going to continue to increase. ...CONTINUE READING
Surviving Spouse Sale Period
Post Date: 08-31-2022
Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along with their basis, and it does not trigger a taxable event. Unfortunately, the capital gain exclusion is reduced to a single person's share unless the survivor disposes of the property in the granted time. ...CONTINUE READING
Are prices and rates going to continue to rise?
Post Date: 08-24-2022
One of the most talked about questions in the real estate market has to do with "Will prices continue to rise now that interest rates have increased dramatically this year?" ...CONTINUE READING
Indecision Can Be Expensive
Post Date: 08-17-2022
With all that is going on in the world, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy a home. ...CONTINUE READING
Foreclosure filings are up 132% from a year prior. Here’s what that means for the housing market (and it’s not what you might think).
Post Date: 08-09-2022
When we were reading through real-estate data this month, three stats caught our eye. The first: that the number of active foreclosures (this is when the foreclosure process has begun on a seriously delinquent loan, but it has yet to be completed and liquidated) ...CONTINUE READING