Rising Interest Rates Have Not Dampened Demand

By | Buying A Home, General, Selling Your Home

    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title… Continued

July 11, 2018

Homes More Affordable Today Than 1985-2000

By | General

  Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the… Continued

July 5, 2018

Home Inspections: What To Expect

By | Buying A Home, General

Home Inspections: What To Expect   So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to… Continued

May 8, 2018

What If I Wait Until Next Year To Buy A Home?

By | Buying A Home, General

We recently shared that national home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however,… Continued

May 7, 2018

Why Home Prices Are Increasing

By | General

    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels… Continued

April 30, 2018