If you’ve thought about waiting until mortgage rates come down until your buy a home, you might not be making the best decision. Here’s a reason – if you are correct, and the rates do come down by two percent, the savings you benefit from a lower rate will most likely be devoured by the […]
This topic makes me think of a record. Remember back in the day, watching records spin while you listened to your favorite music? The housing market, especially when it comes to affordability, almost makes me think of those spinning records. A question many of us are asked as realtors is “when is the market going […]
“It’s a fact that many households are impacted by higher mortgage rates as they no longer earn the qualifying income for the median-priced home.” Nadia Evangelou, NAR Economist. What this means is that the rapid rise in mortgage rates during 2022 is coupled with continued appreciation of home prices. This has limited the number of […]
I’m sure you’ve heard, but mortgage rates are still rising. It’s causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down. It may be possible, but the probability is that prices are going to continue to increase. According to Freddie Mac, the 30-year fixed-rate on December 23, […]
There are four of the five factors which affect the sale of any home – which owners can actually control. Those are price, condition, terms and the agent you select. The one thing you definitely cannot control is the location of the home – but you do of course have the ability to adjust the […]
In 2021, the tax-free gift amount was $15,000. In 2022, that has risen by one thousand dollars, making the limit for tax-free gifts in 2022 a total of $16,000. Tax free means that no tax is due to the donor or the donee. There are provisions that would allow gifts higher than this amount providing […]
Normally, married couples own a home as joint tenant with rights of survivorship. When a spouse dies, the surviving spouse inherits the home and it does not trigger a taxable event. Unfortunately however, the capital gain exclusion is reduced to a single person’s share unless the survivor disposes of the property in the granted time. […]
There are so many things going on – every single day – all around each and every one of us. Just think, a global pandemic, supply chain issues, highest inflation in 40 years, the economic effects of a war in Ukraine, it can be overwhelming to think about when the right time is to buy […]
Been thinking of downsizing? This actually could be a good time to put those thoughts into gear. Especially right now, selling and buying a lower priced home in an “Up” market can be to your advantage. See, the advantage is to maximize the sales price on your existing home and replace it with a less expensive […]
Ever moved and wished you had done a little more research on the moving company you selected? I think we’ve all had that experience. Here are some questions you should ask your mover, to make you feel more comfortable in making the right decision. Fees What is the charge for packing? Does it include boxes? […]
