Archive for May 2024

A LinkedIn article states that approximately 90% of millionaires attribute their wealth to their real estate holdings. As we know, buying and owning your own home is one of the biggest investments most people make. Handing down a real estate related investment portfolio to your children is a great way to create generational wealth. And…

Coming Soon… a MANDATORY Buyer Representation and Broker Compensation Agreement (aka BRBC) between a home buyer and their real estate agent… very similar to the Residential Listing Agreement (RLA) for home sellers. We have been using this (BRBC) for a while and soon (June or July of 2024), it will become mandatory. I’ve been a…

Pent up demand and lower interest rates will be the driving forces for the real estate market this Spring.For example, in November of 2023 the 30-year mortgage rate was 7.76%. Historically not a high number, but a whole lot higher than the 3.09% of November 2021. And today, at the writing of this newsletter for…

Every now and then I take a look to see how home prices fared on a year over year basis. Today I will be using the time frames from November 29 th of 2022 to January 29 th of 2023 (Sample A) vs November 29 th 2023 to January 29 th 2024 (sample B)… a…

As you may have heard, interest rates have come down quite a bit. According to Freddiemac.com, mortgage rates have come down about 1.125% since October 26, 2023 even though the Federal Reserve Board hasn’t changed their rates at all. This is mainly because the entities that lend the money (mortgage bankers) were poised for more…