A More Affordable Housing Market

Last year was a perfect storm for the housing market: interest rates and homeowner’s insurance premiums skyrocketed, wages were stagnant, and fewer houses were on the market. So, it’s no wonder that last year was the least affordable year on record for single-family homes. “Affordable” indicates that people with the median income for an area … Read more

Get Ready to Buy

Traditionally, spring is the time when people put their houses up for sale. Flowers are blooming, birds are singing, and the hope is that the beauty of the season will render the homes on the market irresistible to prospective buyers. This spring, we’re likely to see quite a bit more inventory. People have mostly recovered … Read more

On Your Mark, Get Ready, Close!

On Your Mark, Get Ready, Close! You’re almost there. You’ve found the home you want to buy. You’ve made an offer. The seller has accepted. Now you’re on the home stretch. Be sure to do the following tasks for a smooth close of escrow. Clear contingencies When you and the seller signed the sales agreement, … Read more

House Hacking: Making Home Ownership More Affordable

With interest rates higher than they’ve been in years, those who want to buy a home are looking for ways to make it more affordable. According to Zillow, younger generations are willing to get creative when it comes to home ownership. One of the most common housing hacks among Millennials (ages 29-43) and Gen Z … Read more

Great Loan Program for New Homebuyers

Many renters are under the impression that they can’t afford to buy a house. Some think they need to save a bunch of cash for a down payment. Others believe the monthly expenses are too high. While these assumptions may be true, loan programs for first-time homebuyers can make it much easier to become a … Read more

Low-Down-Payment Loans

When it comes to home loans, many lenders offer special programs for those who have never owned a home or who haven’t owned one for years. By offering loans with little or no down payment, lenders support people who can afford the monthly expenses of home ownership, but who have struggled to save significant cash … Read more

Increase the Value of Your Home with Tax Incentives and Rebates

As a rule, homeowners want low utility bills and high home values. So, it stands to reason that if you are selling your house, your property will be more valuable if it contains new, energy-efficient upgrades such as added insulation, new windows, and electric appliances that keep it comfortable year-round without high utility costs. If … Read more

Real Estate Market Disrupters – Part II

Last week, I shared some of the changes that have disrupted the real estate market. Here are a few more. Natural Disasters Although there have always been natural disasters, the pace and intensity have certainly increased in recent years. For example, when I was growing up in the Ukiah Valley, we didn’t expect wildfires every … Read more

Real Estate Market Disrupters

Here we are at the end of another year, a good time to reflect on how things have gone and to look ahead at what’s coming. With regard to the real estate market, it’s interesting to see what has (and may continue to) affect housing prices and availability. Construction If you have been to the … Read more