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2023 Spring Market Forecast: According to the National Association of Realtors (NAR) the Pending home sales improved in December 2022 (up 2.5% from November 2022) for the first time since May of 2022. As I mentioned in an earlier newsletter, May…
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2022 Recap: Well, that was a bumpy ride wasn’t it! The year started out with mortgage rates at approximately 3% and ended up at almost 7%. We know that the Federal Reserve Chairman (Jerome Powell) is trying to slow down…
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Traditions are Great. We have a special one that I’ll share below, but first, I want to say that new traditions are good too. Beginning a new tradition can be the start of something Big. The main tradition that I…
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What’s an iBuyer and is it right for you? Over the past 10 years or so there have been quite a few companies popping up stating: “We’ll give you an offer in 24 hours and buy your home for cash”.…
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Did I miss the Market? Recently I’ve had a few friends ask me “Hey Ron, Did I miss the opportunity to sell my home”? And I say “No”. Here’s why. I haven’t done this in a while, but I’m going…
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Where’s the Real Estate Market Headed? We all know that inflation isn’t tamed overnight. It takes time for the tools the Federal Reserve Board (FRB) has to take effect. Since I’m in the real estate business, I see the effects…
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Is the Housing Market Cooling off??? Here’s a good handful of indicators that the housing market is cooling off. This being said, we’re closer to the real estate market we were at in 2019, before COVID. We’ll Keep an eye on…
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What’s the difference between a Mortgage Banker and Mortgage Broker? This is an Important question and here’s why: A mortgage banker works for a single lending institution… like a bank, credit union or mortgage company… that services, sells or originates residential…
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WHOA!!! Stop with the Rate Hikes Please!! This is what the increase in interest rates means to the average home buyer. In October of 2021, the mortgage rates were about 3%. Today, they are about 5.25%. On a $500,000.00 home, the…
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The SCOOP on Interest Rates: Recently, a client asked me why interest rates for Re-finances are LOWER than Purchases?Here are a few of the reasons:Mortgage bankers/lenders lend … on Risk! The less risky a potential mortgagor is, the better the…
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