My Blog

Dip in Rates Provides Stability for Housing

dipinratesBorrowers saw a little relief from recent increases. Mortgage rates dropped slightly this week, with the 30-year fixed-rate mortgage averaging 4.59 percent, Freddie Mac reports. “This stability is much needed for home sales, which have crested because of the multiyear run up in prices, tight affordable inventory, and this year’s higher rates,” says Sam Khater, [...]Read More

Should You Get a Fixed or Adjustable Rate Mortgage?

fixedorARMYou’ve been dreaming of owning a home for years, and now you’re finally ready to make the leap. You’ve found the perfect place and may have even started deciding where to put the furniture, but you still have one big obstacle standing in your way: getting a mortgage. If you’ve never bought a home before, [...]Read More

Thinking of Selling? Competition is Coming

sellingyourhomeThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a [...]Read More

Freddie Mac Launches New Program to Keep Rents Affordable

freddiemacFreddie Mac is offering up a new program aimed at investors that aims to keep rents more affordable to working families. The mortgage giant said the new Mezzanine Loan pilot program is designed to incentivize investors to keep rents low for working families without any federal, state or municipal subsidy via favorable loan pricing. Under [...]Read More

How to Market a Home Without a Garage

housewithoutgarageGarages haven’t always been part of the American home. In fact, it wasn’t until Ford Motor Co. started mass-producing the Model T in 1913 that small detached sheds were built on properties that had enough land to protect these new contraptions, according to Scott Sidler, licensed contractor and author of The Craftsman Blog. As the [...]Read More

Defining Who Owns What is Critical in HOA Relationship

whoownswhatQuestion. It’s almost fall. I am on the Board of Directors of our homeowner association, and know that we will start getting calls from owners to make repairs to such things as the streets, our tot lot, and the community recreational facility. However, we often get requests to repair (or replace) such other areas as [...]Read More

Elegant Staging How-to

homestagingYou might love your home and think it looks great, but if you’re trying to sell it, you have to look at it with a more critical eye. Prospective home buyers are going to have high expectations. When you show your home, you need to really be thinking about how to give it true flair. [...]Read More

Before Your New Love Moves In

newlovemovesinWhen love goes wrong, real estate owners may have a lot to lose. Don’t take solo-ownership lightly no matter how you ended up owning your own condominium unit, house, or recreational property. Inviting a new love to move in is much more complicated than asking someone to share a rental apartment or to lease a [...]Read More

#1 Reason to List Your Home Right Now

number1reasontolistIf you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto [...]Read More

Rising Lumber Prices Affecting New Home Prices

lumberpricesA staggering 90 percent of home builders say the affordability of new properties is being hampered by rising lumber prices. The finding came from the latest National Association of Home Builders/Wells Fargo Housing Market Index, where many builders claimed that the higher costs of construction are forcing more prospective buyers to back out of the [...]Read More