Real Estate

Sept. 5, 2016

Nope, Still Not a Bubble

Not a bubble

I’m almost sick of writing this, but every now and then it seems people need a reminder.

We are not experiencing, despite what some may say, a national real estate bubble.

First off, all real estate is local. So the very notion of a “national” bubble is somewhat sketchy. Yes ...

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Posted in Real Estate
Aug. 22, 2016

Nobody Knows What Rates Will Do

Fed meeting

If someone tells you they know that mortgage interest rates are going to rise after the Federal Reserve meets next month, they are lying.

Nobody, not even the Fed, knows what interest rates will do.

That’s what you can take from the recently released minutes of the Fed’s last meeting ...

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Posted in Real Estate
Aug. 8, 2016

The Cycle of Low Inventory

 Low inventory cycle

Recent data show that the number of homes for sale in the United States is at its lowest level since before the global recession hit. The “inventory” of unsold homes on the market, has been estimated by the National Association of Realtors to be around a 4.6-month supply ...

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Posted in Real Estate
July 26, 2016

More Important: Rates or Price

1980s house

Were you alive in 1980? Maybe you weren’t, but maybe your parents were. Ask them what they paid for a house back in those days.

Back then, in a lot of places in the United States, $100,000 was a lot of money for a home. Also back then, somebody ...

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Posted in Real Estate
July 11, 2016

How to Interpret a San Francisco Slowdown

San Francisco

Before getting into how much the San Francisco housing market is slowing down and what that might mean, if anything, for other U.S. housing markets, it’s first important to understand just how much it heated up.

In the past four years, the median sales price for a home in ...

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Posted in Real Estate
June 28, 2016

Dear First-Time Home Buyer

First-time homebuyer

Dear First-Time Home Buyer,

So you’re a renter. You’re part of the population that has grown so much since the financial crisis, after which homeownership rates dropped by around 7 percent across the United States.

That drop in ownership, combined with the coming of age of a large generation of ...

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Posted in Real Estate
June 14, 2016

Don’t Make this Big Selling Mistake

3 choices

I’m not usually one to rant. Nor am I one to criticize others. But I’m seeing something in real estate now that I thought was kind of past us, now that the housing industry is back on mostly solid footing. And it bothers me.

Let me paint a scenario for ...

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Posted in Real Estate
June 6, 2016

Let's Play the Blame Game

Titanic sinking

Throughout history, there have been tragic accidents. The Hindenburg. The Titanic. The Challenger space shuttle. I wasn’t around for all of them, but I wonder if I had been would I have heard the same kind of noise that surrounds accidents today.

If the Titanic would have sunk today, can ...

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Posted in Life, Real Estate
May 23, 2016

Buying Sentiment Hits All-Time Low

Buyer's market

When you hear the terms “seller’s market” or “buyer’s market,” certain ideas pop into your head. Your first reaction in a seller’s market is probably not to buy, and vice versa. This is somewhat of a misconception, but that’s another topic for another day.

Today’s topic is Fannie Mae’s ...

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Posted in Real Estate
May 16, 2016

It’s Who You Are, Not What You Have

If you’ve ever talked to a long-time renter and asked them why they don’t just buy a home, you might get one or more of several pretty standard answers.

“They want to much for a down payment.”

“It’s too hard to quality for a loan.”

“Prices are too ...

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Posted in Life, Real Estate