IMPORTANT INFORMATION FOR HOME SELLERS AND BUYERS Ordinance 22-6, effective March 28, 2022. A seller of residential real property must provide to the buyer a Short-term rental (STR) disclosure form stating whether or not the property may be legally used as an STR. If the seller discloses that the property being sold may not be legally used as an …
Wow, the price drops started fast. The highest share of sellers on record dropped their list price during the four weeks ending June 12 as mortgage rates shot up to levels not seen since 2008 according to Redfin.
According to Mortgage News Daily, today’s rate hit 6.28%. I know that sounds high but check out the 18.53% rate in October of 1981. Hopefully, inflation will start to go down without the radical increase in the interest rates that we saw in the 70s and early 80s. Keep in mind we are more sensitive …
A class-action lawsuit is going forward against Coldwell Banker because of cold calling Realtors bothering sellers at home. As a Realtor, I think this is a good thing. I don’t like to be bothered by cold sales calls, and I think most people feel the same, so the idea that some Realtors ignore the do …
Active Single Family inventory is up 39.8% from a year ago. Single Family homes from $600,000 to $999,999 sales dropped 41.2% compared to one year ago. Two red flags that are screaming this market is changing.
The monthly mortgage payment for the median-priced home on Oahu rose 68.6% since January 2021. This is due to the price of homes increasing significantly along with a higher interest rate on loans. The Fed says inflation is up 4.7% in 2021. I guess the cost of a mortgage payment is not included in their …
Our buyer was one of 38 offers this property received.It seems the market is still hot for homes priced right.Here is the home. https://www.oahure.com/SearchMLS_Details.php?MLSNumber=202209485&PropertyType=RES&Screen=Spreadsheet2
For the first time ever we closed today on a $2,400,000 Kailua home that was offering only $1, yes ONE DOLLAR commission. The MLS does not allow a seller to negotiate the commission down, but they do allow the seller to pay Realtors more commission (isn’t that nice of them LOL), so putting in $1 …
This market has to slow down. It can’t sustain a 19.1% increase every year like it had this year for April.
Realtors nationwide are going crazy because last Friday a federal judge granted class-action status in a lawsuit seeking to recover $1 Billion from Realtors. Realtors are saying they already spent that money and making a buyer pay their Realtor will hurt consumers. In summary, the idea of a buyer being able to pay less than …
Class Action Lawsuit Against Realtors is Granted Read More »
