Political and economic changes have contributed to the steady rise in house prices. Other vital wages rise factors that factor into why houses cost so much include: Lower Interest Rates Demographic Change Higher Building Costs Lower Builder Trust Augmentation of Land Prices State Subsidies Increase in Local Zoning Regulations...
Mary’s Blog
Home prices continue to rise even now. Based on NY Rent Own Sell research, house prices have climbed by about 15% over the past year. The fact that houses are now so expensive is simply the outcome of the supply and demand problem. Following the onset of the COVID-19 pandemic, interest rates were reduced to boost economic health. The drastic drop in interest rates, combined with numerous Americans’...
Here is a great article from the Albuquerque Journal about the Real Estate Market here. https://www.abqjournal.com/2592974/2023-home-market-like-a-conundrum-so-far.html If you are looking at either buying or selling, give me a call. Mary...
A week ago today was President's Day. What did you do to honor our Presidents of the past and present? I spent time with my grandchildren and reading about our very first President. In doing so, I wanted to past this article on as I thought it was something we all could...
This was sent to me by one of the lenders I have used. Thought you all may like this information. By: Matthew Graham First off, I apologize. You're right. How would I know exactly what you've been told about mortgage rates today? I can only draw the same sort of general conclusion that is so frequently drawn on Thursdays during weeks with lots of rate volatility. The conclusion is that...
Dave Stevens on understanding this housing market 5 things loan originators need to remember December 5, 2022, 9:51 am By David Stevens, CMB I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in...
Data firm Black Knight reports home price growth in June dropped nearly two percentage points, the largest monthly slowdown since the early 1970s. June also saw the largest single-month inventory increase in 12 years. CoreLogic, another major data outfit, found price growth slowed for the second month in a row. They now forecast annual home price appreciation will drop to 4.3% by June 2023, in...
Have an extra room that's just taking up space? Put your creativity to work and transform it into the "play" place you've always wanted! Here are a few ideas: Rock Out. Let the rock-n-roll in you rip loose in a room designed to be your very own music studio. Bearing in mind that you’ll want to remain friends with your neighbors, a careful soundproofing plan is key. The door to the space will need...