There is a plethora of real estate information available today in the news and on the internet. It can be extremely confusing at times.
In their latest Housing Market Insight & Outlook report, Freddie Mac revealed that recent low down payment initiatives have raised concerns that we may be returning to the same lax mortgage qualifications that caused the housing crisis from which we are just now recovering.
The report went on to explain that today’s underwriting guidelines are nothing like those that existed just prior to the housing meltdown.
The National Association of REALTORS’ Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales.
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize that telling the homeowner the truth is more important than getting the seller to like them.
If you moved here in the spring or summer, you may not know this yet, but our little corner of the world is home to some of the most spectacular fall foliage in the country. Want even better news? Some of the best places to see it are no more than a fifteen-minute drive away! Want to spend a scenic… Read More
When first putting a house on the market, sellers are taught to focus on big changes, on overhauling this or rebuilding that. So much time and energy goes into making big, dramatic upgrades that, oftentimes, the little things (that make all the difference!) get overlooked. There is no single room in the house more prone to this kind of seller… Read More
When first proposed nearly six years ago, the Mayor’s plan to begin rehabilitating portions of South Bloomfield was divisive, to say the least, and more than one sternly worded op-ed appeared in our stalwart Bloomfield Picayune. I have to admit that even I was skeptical, until I attended the ribbon-cutting ceremony last Saturday morning. After an eloquent speech, the… Read More