Business Insider’s Money Game interviewed real estate expert Barbara Corcoran earlier this week. This is what she said about buying in this market: “We have a regular real estate miracle happening right now. We not only have record low prices, but we also have cheap money.” A second real estate icon, Donald Trump, just a few weeks ago said: “This is a great time to go out and buy a house. And if you do, in 10 years you’re going … Read more
Wikipedia: Redline refers to the maximum engine speed at which an internal combustion engine or traction motor and its components are designed to operate without causing damage. I think Redline describes how a lot of us have been operating lately. I had three conversations with three different clients within the last week and they all revolved around the same thing. Life, business and making it all work has become more difficult, uncomfortable and almost unbearable. Not only has making a … Read more
Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORSÂ® Read more
Happy New Year! Here is some great New Year resolution advice I can share with you from my Mortgage and Life Coach Bill Hart:
Once in awhile on this blog we like to post some inspirational videos that get you thinking and moving…this is one of those. Next time you think “I can’t do this”… remember this man who never says, ” I can’t do this” he only says, “how can I make this happen”. Have a great weekend and make something great happen in your life or someone else’s.
“Deals” were in ample supply this summer and eager home buyers snatched them up. Read more
Home values “crept forward” in July. But not that it matters — the Case-Shiller Index is a better tool for economists than it is for homeowners. There’s 3 reasons why. Read more
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low after falling by almost half. Read more
June’s Pending Home Sales Index is weak by most measures, but if you’re a home buyer, the headlines aren’t so bad. Fewer home sales can push negotiation leverage to the buy-side of a transaction.
June’s New Home Sales data is a major improvement over May, but gains are relative. It’s possible that the true “new home market” may be softer than the statistics suggest. Read more