The 2022 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2022 Profile of Home Buyers and Sellers report: In 2022, 26% of Home Buyers were First-time homebuyers, which is a drop from 2021, where 34% of homebuyers were first time homebuyers. This [...]
The 2021 Profile of Home Buyers and Sellers from the National Association of REALTORS has been released. Here are some highlights from the 2021 Profile of Home Buyers and Sellers report: In 2021, 34% of Home Buyers were First-time homebuyers, which is an increase from 2020, where 31% of homebuyers were first time homebuyers. The [...]
The US housing shortage, which has created a heated market, could go on for years, according to a homebuilder CEO in a CNBC interview. Taylor Morrison CEO Sheryl Palmer said in the interview, "We are at multiyear lows as far as new and resale inventory, and, honestly, it's going to be very difficult for [...]
National Homeownership Month is the month of June each year. Though 2020 has been a wildly different year than past years, we can still bring attention to homeownership and its benefits this month! The celebration started as a week years ago, and in 2002 President George W. Bush proclaimed the month of June to be [...]
June is National Homeownership Month. National Homeownership Month is a month dedicated to bringing attention to homeownership and its benefits. The celebration started as a week years ago, and in 2002 President George W. Bush proclaimed the month of June to be dedicated to homeownership. Every president since has proclaimed June as National Homeownership Month. [...]
It's official, I am a Seniors Real Estate Specialist, as I earned my SRES designation last week! What is a Seniors Real Estate Specialist? From the SRES website: "By earning the SRES® Designation, you have demonstrated the necessary knowledge and expertise to counsel clients age 50+ through major financial and lifestyle transitions in relocating, refinancing, [...]
The 3.8% tax that is part of the healthcare reform bill is NOT a real estate transfer tax. Yes, it IS a tax. BUT it is NOT a transfer tax. What is it? According to the National Association of REALTORS(R) (NAR), it is "a 3.8 percent tax on investment income of upper-income households to help shore [...]
There are a few easy tips that home sellers can use and follow that should help in showing and selling their home. The National Association of REALTORS(R) put together a comprehensive list, and I will take them on below. 1) Clear off the counters! That little pile of mail. That unused juicer. The cute nicknacks [...]
In a post today from CNN's "State of the Union" interview with HUD Secretary Shaun Donovan, Bloomberg reports that house prices are unlikely to decline further, and they expect to see a rise in prices in the third quarter. This is due to the reduction in number of people defaulting on their mortgages, down 40% [...]
NAR did an analysis of what a Government shut down could mean for those trying to either buy or sell a home. It's not good for either. On the Realtor.org website, they discuss the implications: FHA would not be able to insure/endorse any new loans. IRS cannot process federal tax returns. This means that if [...]