Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down. While it may be possible, the probability is that prices are going to continue to increase. On December 23, 2021, the 30-year fixed-rate, according to Freddie Mac, was 3.05% and is at […]

Owners directly control four of the five factors that affect the sale of any home: price, location, condition, terms, and the agent you select. The one thing you can’t control is the location of the home, but you can adjust the other factors to compensate for failings. The seller controls the price of the home […]

Key Takeaways: Ignore the negative news—the market is coming back down to earth Homeowners have record equity, and buyers have more inventory This is a great time to make a move in the market, so contact us today! You might hear a lot of doom and gloom news about the housing market lately, but let’s […]

The limit for tax free gifts for 2022 is $16,000 and no tax is due to the donor or the donee. There are provisions that would allow gifts higher than this amount providing the total lifetime gifts above the annual exclusion of $12.06 million for 2022 has not been met. The donor and donee can […]

Housing Affordability is negatively affected by both rising home prices and mortgage rates. A 20% increase in nominal home prices and a 2% increase in the 30-year fixed rate mortgage since January have contributed to a 46 point drop in the NAR Housing Affordability Index. The Index was 143 in June 2021 and is 98.5 […]

Key Takeaways: Mortgage rates are going up, but they’re actually not that high.  You’re still in control: you can get yourself a lower rate with these smart tips. Find opportunities in your local real estate market—contact us today! Many would-be homebuyers are fearful of rising mortgage rates. It seems like the news is non-stop negative […]