The inflationary trend in the global economy has have an effect on housing affordability. As consumers have less spendable income because of the rise in costs of goods and services, not to mention food and energy prices which has hit record highs. The latest crisis is the war between Russia and Ukraine. […]
Home Selling Myths To Avoid
Some advice on separating facts from myths may be helpful if you are thinking about selling your home. Below, I have identified 5 myths and offered some facts, so that you can have the best chance of selling your home this year: Myth #1: It’s a Sellers Market, Let’s Price it High You will want […]
January 2022 Pending Home Sales Decline
Pending home sales represent homes that are under contract but have not sold yet. According to the National Association of Realtors, pending home sales data shows a 5.7% decline for January 2022. That is a 9.5% from a year ago. The declined has been recorded nationwide in all regions of the U.S. The largest declined […]
5 Home Selling Pitfalls to Avoid
The housing market boom has resulted in some selling their houses sooner than initially planned. An exciting new start for you our your family can come at a heavy price if you don’t have the right expectations or are not properly advised or educated about the home selling process. Lack of knowledge will not only […]
Real Estate Home Selling Tips
How Easy is to Sell a Home? Selling a home can be an overwhelming experience for most people. Especially if it is your primary home. There may be an emotional attachment, specially if you have lived there for a long time. In order to diminish the amount of stress, energy and better prepare yourself for […]
Is The Best Time To Sell Your House Now?
Our economy is currently going through a high inflationary trend and rising mortgage interest rates. While at the same time, we have been experiencing a housing shortage supply, which resulted in extraordinary 2021 housing prices appreciation. But it seems that although 2022 will still bring modest buyer demand, experts are cautioning that we may be […]
Impact of Rising Mortgage Interest Rates on Housing Affordability
Will The Rise Mortgage Interest Rates Burst the Housing Bubble? Ahead of the Federal Reserve Bank’s announcement in March to raise mortgage interest rates, banks have raised the historically low 30 year fixed interest rates to 3.76% this month (February, 2022). This is the highest mortgage rates have been since 2020. Although mortgage interest rates […]
What is Inflation going to do to Housing Prices?
What Happens to Housing Prices during Inflation? As U.S inflation is the highest in 40 years, reaching 7.5% in January 2022 and strong demand is colliding with supply shortages. Consumers are seeing sharp increases for a variety of goods and services. Housing prices have not been the exception. According to a study done by Stanford […]
When is the Seller Entitled to the Buyer’s Good Faith Deposit in a Real Estate Transaction?
When is the Seller Entitled to the Buyer’s Good Faith Deposit in a Real Estate Transaction? A Good Faith Deposit is the amount of money that the buyer offers to place into an escrow account (Title Company) once the offer has been accepted by the seller. This deposit goes towards the purchase price and can […]
