Home Sales Steady in 2022, Prices Still Rising Quickly!
Happy Thursday morning, friends! It's definitely spring in the Valley (cool mornings, warmer afternoons, lots of rain, lots of sun) and spring is a busy time for many!…
Can You Make a $300,000 Decision In Less Than An Hour?
It's a weird time to be a home buyer... in oh, so many ways! But here's one of them... Perhaps you are going to spend $300,000 on the home that you hope to purchase this…
Buying A Home To Lock In Your Housing Costs
Yes, home prices are going up... and yes, interest rates are going up. As a result, your mortgage payment (if you buy a house) will be higher now than if you had bought a…
If You Hope To Buy a Home and Have Not Talked To Your Lender Lately, Do So NOW!
So, you've been planning to and trying to buy a home for the past four months... but despite having made multiple offers, nothing has worked out yet. This is not as…
Is FOMO Fueling Rising Home Prices?
The Federal Reserve Bank of Dallas indicates that there are signs of a brewing housing bubble... and FOMO (fear of missing out) might be a contributing factor. You'll…
Home Sales Slow Slightly, Prices Still Climbing Quickly!
Happy Tuesday morning, friends! I hope you are enjoying the warmer weather this week, and perhaps some sporting events! We have a baseball player and a runner here in our…
If Higher Mortgage Interest Rates Will Cause The Market To Shift, It Does Not Seem To Be Happening Yet
In theory, as mortgage interest rates increase, some buyers will be priced out of considering some homes that they would like to purchase. If enough buyers are priced out…
Rising Mortgage Interest Rates Are Causing Some Would Be Home Buyers To Adjust Their Target Purchase Price
Have you heard? Interest rates are on the rise. In early January, the average mortgage interest rate was 3.22% on a 30 year fixed rate mortgage. Last week, the average…
Using An Escalation Clause To Make Sure You Do Not Pay More Than You Need To Pay For A House
This might sound a bit counterintuitive to suggest in the current market, but I believe an escalation clause can (amidst other appropriate offer terms) be an effective…
Some Home Buyers Are Offering Sellers The Opportunity To Stay In The Home For A Few Weeks Or Months After Settlement
In this VERY competitive market, would-be buyers are going to great lengths to try to be the winning buyer selected by a home seller. In many larger markets (think cities…
Home Sales Rise Again, Along With Prices, In February 2022
Happy Friday Morning, and for many of you, Happy (end of) Spring Break! I hope your week has gone well, whether you had a break or not. I was able to skip town for part…
As You Might Expect, Most Home Sellers Are Not Providing Closing Cost Credits These Days
Sometimes a home buyers doesn't have all the cash on hand that they need for both a down payment and the closing costs. In that situation, sometimes a buyer might propose…