Great article on Leasehold. This paragraph stood out. “The drumbeat for lease-to-fee conversion culminated in a 1984 U.S. Supreme Court decision that held the state could use eminent domain to force landowners to offer fee simple land ownership to leasehold tenants. Over the next 20 years, many single-family homeowners were able to purchase the land … Read more
View the news segment on Monster Homes on KITV News. https://www.kitv.com/news/local/controversial-19-bedroom-15-bathroom-kalihi-home-up-for-sale-at-nearly-3m/article_01f1b3c8-8bad-11ec-8e2f-678e83fed1fe.htmlhttps://www.kitv.com/news/local/controversial-19-bedroom-15-bathroom-kalihi-home-up-for-sale-at-nearly-3m/article_01f1b3c8-8bad-11ec-8e2f-678e83fed1fe.html
This survey was conducted by mortgage giant Fannie Mae. They started this survey back in 2010, after the big 2008 housing crash. We have been on a long-time upward slope of home prices as shown by the above graph of the Case-Shiller U.S. National Home Price Index.
I read these thought-provoking statements in Inman news, the leading news source for Realtors. It is good to see Realtors themselves asking these hard questions. “Why are typical commissions in Australia, Denmark and Finland 2 percent, and 1.5 percent in the U.K., yet 5.5 percent in the U.S.?” “How do you explain, to a consumer, … Read more
I have been trying since April of 2021 ?to get them to remove the rule that the buyer’s agent commission is NOT negotiable. In May 2021 they said they would reach out to the National Association of Realtors to investigate this, but I still have no resolution. ? I have not given up and will … Read more
I am waiting on the Board of Realtors to allow me to show the buyer’s agent commission percentage on all listings. However, they continue to ignore the National Association of Realtors guidelines which say the buyer’s agent commission should be negotiable. Maybe once it is displayed consumers will start pressuring Realtors to negotiate it so … Read more
Conforming loan limits are about to be raised by the largest dollar amount ever. The last time a big increase happened was prior to the 2008 Housing Crisis. After that, the limit stayed at the same amount for 10 years, as it took that long before homes went up enough in price to need another … Read more
Many times buyers have to cancel during the escrow process. The most likely reason for canceling is they are not satisfied with the inspection. Another reason could be they do not like something they found out on the disclosure statement. The 3rd big reason for canceling is they can’t get the loan. If they have … Read more