Tag: Realestate

Posted on 03/30/2023

What Are Contingencies in Real Estate Transactions

Author: Bill Gassett What Does Contingency in Real Estate Mean The definition of a contingency is an action or condition that needs to be met for a real estate contract to become legal and binding. The real estate contingency definition is something that all buyers, sellers, and agents should be intimately familiar with. Real Estate contingencies have become an...

Realestate

Realestatecontingencies

+ 2 more

Posted on 05/31/2022

More Sellers Dropping Asking Prices

© fstop123 - iStock / Getty Images Plus May 31, 2022 Some homeowners may need to reset their price expectations. Signs of a slowing real estate market are growing across the country—existing-home sales and new-home sales are falling as well as pending home sales. Pending home sales fell for the sixth consecutive month in April and are now...

Realestate

Price Drop

+ 3 more

Posted on 03/14/2022

THE INFRASTRUCTURE BILL & THE REAL ESTATE INDUSTRY

Congress recently passed a $1.2 Trillion Infrastructure Bill that could have some positive effects on the real estate industry. According to a statement made by the President of the National Association of Realtors (NAR), “NAR is encouraged by the bipartisan support for the infrastructure bill. We supported many elements of this legislation, including significant investment in the power...

Realestate

Infrastructurebill

+ 2 more

Posted on 03/05/2022

Homeowners Tempted To Use Equity

Homeowners are seeing record levels of equity in their properties, and many plan to tap into some of that newfound wealth. Mortgage holders have an average of about $185,000 in home equity, according to research from Black Knight. That amount assumes retaining a 20% stake in the property. The options to draw money from a home are typically...

Equity

Homeequity

+ 4 more

Posted on 01/11/2021

CA - Proposition 19 - Inherited Property from a Parent/Grandparent

Proposition 19 was passed and as part of the measure, children who inherit their parents’ houses will no longer receive a property tax break if they intend to keep it as a second home or rent it out. This has a serious effect on the traditional parent-child exemption from reassessment under the original Proposition 13. Previously, transfers of the...

Posted on 11/18/2020

Based on compiled date, mortgage rates have remained unchanged since yesterday. 30-year fixed-rate mortgages: 2.625% 20-year fixed-rate mortgages: 2.500% 15-year fixed-rate mortgages: 2.000% Rates last updated on November 18, 2020. Actual rates may vary. The factors behind today’s mortgage rates Current mortgage and refinance rates are affected by many economic factors, like unemployment numbers and inflation. But your personal...

Refinance

Mortgage

+ 2 more

Posted on 10/26/2020

Housing Market Update

The National Association of Home Builders Housing Market Index was reported for October and set another record high. Builders are feeling good but do feel constrained on expanding due to lack of land, labor, and spike in material costs. Housing Starts were up 2% but were below expectations of 5% gain. Year-over-year, Housing Starts are up 11% and Single-family...

Housing

Buynow

+ 2 more

Posted on 09/24/2020

When is the best time of the year to purchase a home?

This is an article I read regarding when the best time of the year to purchase a home. When a client asks me this question, my response is "between the months of October - February" for the reason stated in this article. When is the best time of year to buy a house? Although peak inventory periods may vary...

Home

House

+ 3 more

Posted on 08/26/2020

What is your Home's Flood Factor

I was reading an article regarding a home's flood factor based on the location of the home. I clicked on the link and typed in my address. On a scale of 1-10, my home was rated a 1, "Minimal". Check the flood factor of your home: https://floodfactor.com/ "When Hurricane Harvey inundated the Houston area three years ago, most of...

Home

Flood

+ 2 more