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Category Archives: Market Conditions
Trending
Check out the stat below from my local MLS board, TReND: Bad market? What bad market? Get out there and buy your dream house before someone else does! My listing in Maple Glen sold after the first day of showings. … Continue reading
Posted in Buyers, Market Conditions, My Listings, Sellers
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To List or Not to List
In the spirit of the 12 Days of Christmas, I give to you the 12 Reasons for Listing Your House Now Instead of Waiting Until the Spring. (Catchy song title, no?) 1. Winter prospects are more serious buyers. 2. There … Continue reading
Posted in About Me, Market Conditions, Reasons to Buy, Reasons to Sell, Sellers
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Set the Stage
There are two things every seller must do to sell a house in today’s market. Price it right. Stage it perfectly. And if your house is on the market during the holiday season, staging experts recommend going easy on the … Continue reading
Posted in Home Staging, Market Conditions, Sellers
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10% Jump
According to the National Association of Realtors, “Existing home sales rose again in September.” NAR’s chief economist, Lawrence Yun, is attributing the 10% jump to “historically low mortgage interest rates and very favorable affordability conditions” on single family houses, townhouses, condos, … Continue reading
Bottom’s Up
People often speculate whether the real estate market has hit bottom. The problem with “the bottom” is that you can’t identify it until you’re already out of it. California-based Beacon Economics said last week: “While prices may fluctuate modestly over … Continue reading
Nifty Fifties
On Friday, interest rates fell even lower to 4.27%. The Chicago Sun Times wrote, “The last time home loan rates were lower was during the 1950s, when most mortgages lasted 20 or 25 years.” The 1950s! Back when a stamp was … Continue reading
Posted in About Me, Buyers, Industry News, Interest Rates, Market Conditions
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Fannie Mae Helps Military Families
Last week Fannie Mae announced payment assistance for military families. The mortgage giant is offering a six month break to military families who are struggling to make their mortgage payments because of injury or death of a service member, saying … Continue reading
Posted in Fannie Mae, Industry News, Market Conditions, Military
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Sleeping Giant
The people at MIT are really smart. According to Economics Professor, William C. Wheaton, natural population growth will outpace the availability of new homes. Wheaton recently said home construction is “a sleeping giant about to wake up.” Better hurry up and … Continue reading
Posted in Buyers, Industry News, Market Conditions, New Construction
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Rethinking Homeownership? I think not.
The cover of TIME magazine on September 6 looked like this: This is getting ridiculous. Stop the madness! Stop the doom and gloom attitude! Stop letting the media convince the public that the housing market is terrible (it isn’t) and that … Continue reading
FHA…OOC
Listen up buyers! The Federal Housing Administration (FHA) is giving you until Monday, October 4 to lock in a low monthly mortgage insurance premium (MIP), because after that day, MIP will increase by over 63%. Yikes! What does this mean … Continue reading