Lately, I have been getting this question quite a bit; do you think that we are in a housing bubble? I have been in this business for a long time, including the run-up to the last financial crisis and now watching the lowest inventory levels we have seen in several decades resulting in bidding wars. …
Fannie Mae announced on March 10 that they are limiting new loan secured by second homes or investment properties to 7% of the overall loans they purchase. What does this mean to borrowers seeking investment/2nd home mortgages? Turns out, it means A LOT. While Fannie Mae did not add any new “loan level pricing adjustments” …
Where Are Mortgage Interest Rates? In case you haven’t heard, mortgage rates are at the lowest point in history. For the best qualified borrower rates and firmly below 3%. If your interest rate is in the mid 3’s or higher, it is worth reaching out to us to see if refinancing might make sense. Remember …
Mortgage Rate Changes & Moving During A Pandemic Read More »
Today’s everyday reality is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes …
How Technology Is Enabling the Real Estate Process Read More »
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence …
What Are Instant Home Offers? Have you heard the term iBuyer? You’ve probably heard of these companies: Zillow, Offerpad, Opendoor, and Knock; all part of a growing segment of tech companies getting into real estate. I know you’ve heard the commercials: get an instant cash offer, sell your home for free, no repairs, no strangers …
Instant Offers for Your Home – The Real Cost of Convenience Read More »
There are a flurry of new services out there attempting to upend the traditional real estate agent model. Offer Pad, Open Door and Zillow Offer, just to name a few. They are exploding our mail boxes and TV advertising with compelling offers. We will buy your house for cash, eliminate the Realtor and make a …
Buyers are Still out in Force – There is still very strong demand for housing, which means that you do not have to wait for the spring buying season to get ample interest. We are still seeing multiple offers frequently. Less Sellers – Since most people believe they should wait and told spring to sell, …
Do you have pets as part of your family? When you put your home up for sale you need to be prepared that not everyone feels the same about having pets. Your home is staged so that the potential buyers can “see” themselves living in your home and often that doesn’t include pets. Scheduling a …
Top Tips For Selling Your Home When You Have Pets Read More »
Traditional wisdom indicates that certain times of the year are better than others for selling your home. Historically, Spring is one of those times. Below are 5 reasons for why selling during Spring makes sense. 1. Strong Demand According to the March 2018 Buyer Traffic Report (National Association of Realtors), buyer demand has remained strong …
