If you’re a baby boomer, you’re gracefully riding the waves of aging. You’re also setting new trends in the housing market, as you have “given birth” if you will to a new housing trend which experts are calling the “Silver Tsunami”. This isn’t about changing an address – it’s about a lifestyle transformation which is […]
Homeownership is more than just having a place to call your own – and it’s filled with many benefits. Among its many advantages, homeownership is a powerful safeguard against inflation and is a strong asset for long-term wealth accumulation. I highly encourage you to read the following on why owning a home can be one […]
Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up so much in the past two years, you may be approaching the limit where you might have to pay tax on the excess when you sell. Any improvements you have made to the home during […]
Your home is a tangible asset, which consistently becomes more valuable over time. During times where inflation is significantly high, a home is a good investment and is a hedge against inflation. Why? The interest earned in savings is almost always less than inflation. Borrowing money, in other words, a loan, can be a great […]
You’ve probably heard the term “credit score” before – especially if you’ve purchased a car, applied for a mortgage, etc. But, what exactly is a credit score? They’re used to assess risk and determine whether a borrower is approved or declined for a mortgage, credit card or some other type of credit. The score is […]
Sometimes, you want to wait for something to come down – a fever, a price on a video game system, etc. However, it might not be a good decision to wait until mortgage rates come down. Here’s the reason. If you’re decision to wait is correct, and the rates do come down by two percent, […]
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 […]
If you’ve been searching for a home for a while, you’re probably well aware of this stat. Many buyers are getting frustrated and discouraged because there aren’t enough homes on the market. This is especially true with certain price ranges. And, when you do find something that you want, it seems like a war takes […]
We are ALL seeing the effects of inflation, especially during these times. We are currently in the highest inflation period in 40 years, and none of us are immune or exempt from seeing and experiencing the effects. The purchasing power of your money diminishes each day, which in turn means you’re buying less. Many of […]
