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FHA loans are federally insured loans that are typically geared to first time buyers because they are more flexible with credit scores and require less money as a down payment. However, in recent days, there have been announcements about loan forbearance, much of which are related to FHA loans, and this makes it more difficult to

We’ve been in a seller’s market since 2012. In a seller’s market, there are fewer homes for sale while there are more buyers looking for homes. This gives the seller more control over terms, as they get to pick and choose buyers and usually get close to what they ask for in price. Right now,

It’s clear to see that many people are worried about how the COVID-19 pandemic could affect them economically, not just medically. While I can’t help you with medical advice, I can give you some tips on how to prepare for the economic burden it may bring to you. Most homeowners in our market have a

“We will buy your house for cash!” If your house is paid off or if you have about 50% or more paid off on your mortgage, you may have  received a letter, a handwritten note, or advertisement with these words on them, often with the phrase, ‘buyers in the area looking at your home’. What

No. While we are very likely to head into a recession (defined as when the GDP is negative for two quarters), that doesn’t mean it will lead to a housing crisis. In fact, in the last five recessions America has gone through, home values only dropped in two of them, one of those being 2008.

It’s something I say often- who you hire matters- but today, I want to illustrate that with a story. I recently had a listing where I received two offers. With the first offer, the agent called me before the showing to let me know that their buyers were fairly interested, then called again after the

Interest rates have gone down drastically. You’ve probably heard about that, but you might be wondering why that is. Investors like to invest overseas and locally. When there are issues overseas, they will pull their money from overseas markets and invest in the bond market. The coronavirus pandemic overseas has caused investors to pull overseas

Covid-19 fears, well-founded or not, are giving rise to a bit of stock market hysteria. People are pulling their money out of international stocks and putting it into bonds. When that happens, the bond rate goes down. Historically, though not actually tied to it, when the bond rate goes down, mortgage rates go down. We

We don’t all speak Realtor-ese, much to our chagrin. Let me help you with some basic understanding on the MLS (multiple listing service) with a few terms that might not make sense. If you are looking at a home that says backup, it means that the seller has already accepted an offer on their home,

Most of us are familiar with websites like Redfin, Zillow, Realtor.com, Trulia, etc. While these might be fun to browse, if you are actually intent on purchasing a home, you don’t want to use these sites. Why? Because they are all syndicate sites. That means that their information comes from another site and they don’t