Question of the week: What’s next? Answer: I have been thinking of how to write this WR&MU for quite a while, but there is not a lot of thought that needed to go into it so I’ll get to the point. Astute observers will note that the header on the Weekly Rate & Market Update […]
Question of the week: Should we buy the home we rent? Answer: With the scarcity of homes on the market, many want-to-be homeowners who are renting my find their new home in their current home. A follow up to this question is from the landlord’s side, “should I sell my rental property to my tenant?” […]
Question of the week: How do we time the market? Answer: With luck. It is impossible to perfectly time any market as to when to buy at the very bottom or sell at the very top. One reason is that the peak or bottom are usually not know until well after they have occurred as […]
Question of the week: How do we choose a real estate agent? Answer: Let’s start our answer with another question. What skills will be most beneficial to you in your real estate transaction? Knowledge of the market, in general and to the area where you are looking to buy or sell. Knowledge of the legal […]
Question of the week: When should I throw away financial and tax documents? Answer: NEVER! Never throw away any document that has any financial or personal identification information such as your social security number, ALWAYS SHRED THEM. Okay, perhaps that was a bit over the top, but before I get to how long you should […]
Question of the week: Are going down? Answer: Yes, but… When? Not tomorrow. Consistent readers of the WR&MU know that the Federal Reserve raised its bench mark interest rate (the federal funds rate) starting in March 2022 as inflation was starting to climb rapidly. The stated objective was to increase rates, slow the economy, likely […]
Question of the week: Will change in real estate agent commissions impact mortgage industry? Answer: Yes. Before we get into the answer, some background. In November we wrote about the lawsuit that shook the real estate industry as a federal jury ruled against the National Association of Realtors and several real estate companies in an […]
Question of the week: What are your credentials? Answer: This question was asked earlier in the week from an agent that is fairly new in the industry, licensed just before the pandemic, who was referred to me by a very veteran agent (25+ years) suggesting the newish agent refer his buyers to me. It is […]
Question of the week: What is happening in the housing market? Answer: This week’s question is a continuation/follow-up of three prior questions of the week: How much more does it cost to buy a home this year? How do we buy a home? When will we know when it is time to buy a home? […]
Question of the week: Should we get an adjustable rate mortgage? Answer: Astute readers of the WR&MU will be thinking, “didn’t we just have this question not too long ago?” and they will be right. In October 2023 we asked the same question, and the answer was “maybe.” The answer this week is, “probably not.” […]
