The Fed will start tapering mortgage purchases this year. The chart below shows what happened the last time they did this. Rates should start going up which will help to cool this overheated seller’s market. January 2021 mortgage rates hit an all-time low. A more balanced Real Estate market would be nice, but if rates … Read more
The way I see this chart is 1955-1998 homes prices increased just .1% over inflation. Then you have a nice increase from 1998 to 2006, but then it is offset by the decline from 2006 to 2012. Since 2012 it has been rising, and especially this last year. Over time, home prices can’t grow much … Read more
Hey, National Association of Realtors. Please stop the MLSs from hiding Sold, Withdrawn, and Expired listings. This is information the buyers and sellers need to know to decide what is the right price for a property. Buyers can’t analyze comparables with no sold, withdrawn, and expired listings available for them to see. They are being … Read more
The National Association of Realtors (NAR) is being sued for not allowing any contact information to be put in a listing. This has been a frustration for many of our sellers who would like to put their contact info in the MLS listing in case buyers have questions. This would also give them an opportunity … Read more
Well, that is an interesting twist, normally it is the Department of Justice that files the lawsuits. Monday NAR sued the DOJ for investigating NAR. NAR says they filed “a petition to quash a request by the Department of Justice that reneges on the terms of a settlement agreement that was approved by the DOJ … Read more
You could be eligible for a very nice tax credit if you own your home and no other Real Estate, and your Gross Income is under $60,000. Many retirees can take advantage of this as they don’t count assets, only income. You might have millions in your retirement account, but as long as you are … Read more
The answer is yes, you can put 0% commission into the MLS. However, is that really something you want to do? So far no one that has sold through us has tried it. The reason is if you eliminate agents showing your property, you won’t have as much demand for your property, and the lack … Read more
Our recommendation is not to take a backup offer and here is why. When you take a backup offer, you as the seller have locked yourself into accepting that offer should your current escrow fall out. You could get an all-cash offer for a higher amount and it does not matter, you have given up … Read more