For a homeowner contemplating putting his home on the market the moment of truth is determining the right price. Over the past year, many of my clients who have finally sold, have expressed their frustration with the fact that the real estate agent they initially listed with gave them the impression that they could sell … More Beware! The Highballer!
The number of short sales on the market seems to rise every month as the prices of homes continues to move downward. Many buyers are under the impression that by buying a home through a short sale they are getting a real bargain. This is not necessarily the case however. The only reason it is … More Short sales, tall benefits?
As the economy continues to improve, the housing market will continue to stabilize. The real ingredient for first-time buyers to understand is that in previous real estate cycles, mortgage rates will move higher under this scenario. This will only make homeownership a more expensive proposition, if in fact those who continue to wait can still … More First-time buyers: It may never be better than now!
Recent economic reports seem to confirm that our economy is improving. This information has caused a sell-off in the bond market, which results in an increase in the yield on the 10 year treasury bond, the benchmark that lenders use to set mortgage interest rates for borrowers. Mortgage rates for a 30 year mortgage have … More Will Mortgage Rate Rise Hurt Housing Market?