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Economists Report That Federal Rate Hike Won’t Harm Housing Market
The housing market is enjoying a wonderful period of recovery, and much of that has been due to the lower interest rates that have encouraged people to make the decision to purchase a home. With the F...
Luxury Real Estate 101: High Net Worths ‘Bagging” World’s Most Exclusive Villa Retreats
Most people dream about buying luxury getaways but do not have the funds. Even though prices range between $1 million and $10 million, it is always fun to examine some of the world’s most unique...
Delinquent Mortgages at Lowest Level Since 2007
According to the latest National Delinquency Survey from the Mortgage Bankers Association (MBA), delinquent residential mortgages are at their lowest rate since the second quarter of 2007. This marks ...
Flipping is flopping, says RealtyTrac
According to RealtyTrac data, flipping homes has been on a nearly continuous decline since its peak in 2006. This is attributed to a variety of factors, including a reduction in the number of foreclos...
3.8M Homes Stand Vacant
Unbelievably, a number of homes are being held from a real estate market that is seeing constrained inventories. Approximately 3.8 million vacant homes need repairs or are bank-owned. These “zom...
How to Buy Your Own Island
Escaping to your own private island is easier than you think. The world is filled with small pieces of paradise that cost under $100,000. Considering this is much cheaper than owning a home in a major...
Market Imbalance Drives Home Prices Up
The good news is out! The National Association of Realtors (NAR) just released that existing home sales in the month of June are at a record high. On top of that, the median prices for existing homes ...
Hot Markets in June 2015
As the summer sun sweeps through the United States, the real estate market continues to enjoy a heatwave as well. Realtor.com has analyzed its June 2015 data and explained the trends suggest good news...
Higher home loan rates are likely as Fed rate hike looms
The Chairwoman of the Federal Reserve, Janet L. Yellen, has stated that the planned increase in interest rates would be done very slowly, with the first expected to be just a 0.25 percentage point inc...
The Facebook Effect (on real estate prices)
Facebook is worth $220 billion and counting. It comes as no surprise that when the company takes over a chunk of Menlo Park to build its state-of-the art campus, the city sees a seismic change in the ...
First Quarter 2015 California Housing Affordability
As interest rates lowered and the prices for existing homes stabilized, more Californians realizes their dream of becoming homeowners during the first quarter of 2015. According to the California Asso...
Home Prices are Climbing Faster & Faster, but this is not a Bubble
This spring, home buying is off and running. Unfortunately, prices are being driven up faster than in the recent past. These statistics make people mistakenly believe the real estate market is in a bu...
The Incredible Real Estate Portfolio of Oracle Billionaire Larry Ellison
Larry Ellison, former CEO of Oracle, has quite a vast real estate portfolio. His eccentric taste has earned him the reputation of “the nation’s leading trophy-home buyer.” He explain...
Housing Prices on the Upswing
The housing market has found its footing as evidenced by various metrics used to measure year-over-year performance. • The House Price Index – Purchase Only documented by the Federal Housing Finance A...
The Closer the Broker, the Quicker the Close
A recent study done by Longwood University in Farmville, Virginia and published in the Journal of Housing Research suggests that the closer a realtor is to the property they are selling, the faster it...
Selling Your House? You Can Avoid These Mistakes
For the majority of my clients, selling their home marks the exciting first step in turning over a new leaf, whether they are upsizing to make room for a new member of the family or making an intersta...
Who’s going to buy your house? A Millennial, Probably
The National Association of Realtors just released the results of their 2015 Home Buyer and Seller Generational Trends survey, and it shows that for the second year in a row, Millennials are the large...
Bidding Wars Are Here to Stay
Bidding wars were something that were uncommon in the 1980s and 1990s, but they took place frequently during the housing bubble. However, what’s surprising is that they haven’t disappeared...
Buying a Home? Here’s the Salary You Need
Mortgage research site HSH.com recently completed a study that determined how much money someone would need to make annually in order to afford a median-priced home. They looked at 27 metro areas and ...
Retiring? Beware of These Real Estate Pitfalls
It’s quite common for retirees to decide to renovate, downsize, or move to different communities entirely after they finish working. Before, during, and even after this process, mistakes are pro...