Mortgage rates for a 30 year mortgage hit a four-month high yesterday at 3.53% according to Bloomberg Businessweek. Just how high will mortgage rates creep this year according to the Mortgage Bankers Association? To read the full article, Click Here. If you have buyers on the fence or wanting to wait out short inventories, this […]
Median Home Prices Hit Seven Year High: The National Association of Realtors (NAR) recently reported in their quarterly findings that the median home prices in the fourth quarter of 2012 showed its highest year-over-year increase in seven years. The median existing single family home prices rose in 133 of the 152 metropolitan statistical areas (MSA’s). […]
In his “State of the Union” address this week, President Obama indicated that although the housing market is “healing”, tight mortgage lending conditions are holding the economy back and this needs to be fixed. Furthermore, the president asked Congress to send him the bill which would give “every responsible homeowner in America the chance to […]
Q: I like your idea of adding more tools to my pricing toolbox, but I am concerned about pricing correctly with the CMA tool I am already using now. I don’t have confidence in my pricing ability and I’m worried that if I introduce something new it might give me a completely different price –then […]
Posted in Ask Denise, Sellers, Tools and Systems for Real Estate Agents 
Tags: ask denise, CMA, market price, price, Pricing, pricing tools, Real Estate Market, tools 
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When I was a new agent – and I mean a brand new agent in my very early 20s – I was called to go out on a listing presentation. I had not met the seller before nor been on his property. I got to the house and briefcase in hand, began walking up to […]
Q: I am just getting back into real estate after taking a “sabbatical” for financial reasons. I am having a tough time picking up where I left off. Any suggestions? A: Welcome back! This time around I suggest taking time each and every week to build a strong foundation so you can weather any economic […]
Is it better to buy resale or buy new? Buyers need to look at all the financial factors – not just the monthly mortgage and property taxes. They should also consider the cost of maintenance and utilities. Just how much of a difference can this make? To read the whole article from the National Association […]
One of the hardest parts of your job as a real estate agent is the ability to price a seller’s home correctly. There are so many variables that go along with accurate pricing and if agents do not consider all of these they may be costing their sellers thousands of dollars in lost potential sales […]
The Federal Reserve’s Beige Book says new construction is on the rise! All Federal districts except one (Kansas City District) reported that residential construction is expanding. The Fed’s positive outlook on new construction is consistent with the positive outlook for real estate sales.
A recently released Census Report focuses on the rise of multi-generational households and the effect on the housing industry. The 2009 – 2011 American Community Survey (ACS) reported that 4.3 million households were multi-generational. This number represents 5.6% of the total of 76.4 million family households with more than one generation. This new information presents […]
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