Archive for December 2023

In a recent study I found that the number of homes that sold (sales volume) decreased from the two-month period of September 27 th to November 27 th of 2022 vs the two-month period of September 27 to November 27 th 2023. In a sample area that was taken from the Greater Antelope Valley Association…

Here’s a new twist on an old product… Assumable loans. FHA (Federal Housing Authority) and VA (Veterans Administration) backed mortgages can be assumed as long as the borrower qualifies. An estimated 14 million mortgages (64 % of mortgages) were refinanced during a seven-quarter period (the COVID quarters) and this doesn’t count all of the mortgages…

A 2-1 buy down helps home buyers save money on their mortgage payments for the first two years of their note/mortgage. Here is an example: We’ll say the prevailing interest rate is 7.25%. This (7.25%) is the interest rate that the home-buyer would have to qualify for. So, with a 2-1 buy down, the starting…

This question comes up often. Sometimes, it feels like we’re going for a ride or… are we just along for the ride. Because, we don’t have any control over what the federal reserve is doing with interest rates and ‘the power’s that be’ are trying to get inflation to 2%…. and we Might be there!…