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(TNS)—First-time homebuyers might well wonder: Where are all the starter houses? They’re right to ask, because starter homes are becoming increasingly scarce in many housing markets. Housing inventory is low and home prices are soaring. What’s a first-time buyer to do? Here are five tips for finding a starter home: Be realistic about today’s market. Sellers clearly have an advantage in the current market. Inventory is low, which keeps pushing home prices to record levels, acc

True or false: All real estate advice is good advice. (Hint: Well ... it depends.) Everyone has advice about the real estate market, but not all of that unsolicited information is true. So when it comes time to list your home, you’ll need to separate fact from fiction. Below we’ve identified the top five real estate myths — and debunked them so you can hop on the fast track to selling your property. Myth #1: I need to redo my kitchen and bathroom before selling Truth: While k

As a real estate broker that deals with investors and folks that just want to create a plan that will sustain them in retirement I get asked all kinds of things. As such, I thought that I would share this great article written by JD for your benefit. Shared from the Get Rich Slowly Blog I spend a lot of time talking with people who have retired early or are otherwise financially independent. From a purely anecdotal point of view, I’d say most of these folks are well-adjusted

Only 5% would scrap their plans to buy a home if rates rose above 5% According to U.S. brokerage firm Redfin, few homebuyers are halting their searches in the wake of rising mortgage rates. In May 2018, Redfin commissioned a survey of more than 4,000 people who had bought or sold a home in the last year, attempted to do so, or planned to do so soon. Among the more than 1,300 respondents who planned to buy a home in the coming year, just 5 percent said they'd call off th

Appreciation heated up on rentals this spring, with the May median monthly rent totaling $1,440, an increase of 2.1 percent year-over-year, according to the May Zillow® Real Estate Market Report. Last May, the increase in median rent was 0.7 percent. “Over the past two years, rent growth slowed across the country as new apartments hit the market and renters with the financial means to do so increasingly became homeowners,” says Aaron Terrazas, senior economist at Zillow. “The

Are Millenials cut out of the home ownership market?

June Real Estate Update what's new and impacting your home values

“Refinancing” is a scary word for many people, but that shouldn’t be the case for you. For many homeowners, refinancing can not only lower your monthly payments and help with your monthly budget, but it can save you thousands of dollars in the long run. YOU’RE NOT TOO LATE. For years now, we’ve been hearing that interest rates will be on the rise, and although there have been some small increases, you’re still in a great position to drastically lower your interest rate. The g

There are a lot of things to be aware of when buying a home at auction. This article reviews some of the common issues.

Do's and Don't with Tenants! Buy Now or Later? Median Home Prices and Interest Rates are rising!