Archive for June, 2016

World Tour: Vancouver, British Columbia, Canada

Wednesday, June 29th, 2016

Vancouver, in the corner of, is the gateway to the Pacific Rim and gateway to Northwest beauty. The city of more than two million routinely tops the rankings of most livable cities in the world owing, in large part, to its stable economy, infrastructure, climate and educational opportunities. Diversity is another operative word: diversity in […]

BREXIT: What’s the FIXIT for U.S. Home Buyers and Sellers?

Wednesday, June 29th, 2016

Now that much of the dust has settled and the panic has waned, let’s take a look at what impact Britain’s exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last […]

Hurry Up and List Your House TODAY!!

Sunday, June 26th, 2016

That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist […]

Thinking You Should FSBO? Think Again

Saturday, June 25th, 2016

Some Highlights:  According to NAR’s Profile of Home Buyers & Sellers: 88% of buyers look for their new home online. Using a real estate agent can net you $39,000 more than FSBO’ing. There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional […]

Do Homeowners Realize Their Equity Position Has Changed?

Wednesday, June 22nd, 2016

Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed […]

Here Comes the Housing Inventory!!

Friday, June 17th, 2016

Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand. DEMAND Demand for single-family housing has continued to increase […]

Tuesday, June 14th, 2016

I spent a day in Las Vegas speaking to the Mortgage Mastermind Summit … and I learned a few things from these sharp loan originators. They tell me that we’re experiencing the lowest levels of inventory for residential real estate that we’ve seen since the 1990s in the U.S. It feels like the market is […]

How to Determine the Price of Your Home for Sale

Tuesday, June 14th, 2016

Many people rely on the price they paid for their home as a starting point for selling, but with the ever-shifting tides of the real estate market, the price paid is not always the best metric to go by. If you’re putting your home up for sale and are looking for the ideal price point, […]

A Possible Housing Meltdown? These Experts Respectfully Disagree

Monday, June 6th, 2016

We want to let you know that “rumors of a new market meltdown” are not based on any reputable data. As proof, we offer you the comments of the following experts who have a totally different view on the current housing market. Lawrence Yun, Chief Economist at NAR: “In spite of deficient supply levels, stock […]

10 Mistakes New Home Buyers Make

Sunday, June 5th, 2016

This list is not in any particular order. Number 1 isn’t more severe than Number 10. 1. They get pre-approved before talking to an agent. Let’s make sure we’re being clear on one point. Most agents want their clients pre-approved before showing them properties. The difference is that clients get pre-approved before talking to an […]