Housing Market 2022: 10 Tips for Sellers Hey, real estate fans! Unless you’ve been living underneath a rock, you have likely heard talks of a housing market bubble that could burst at any moment. Don’t worry – we’re not seeing any crashes anytime soon. The real estate industry has been experiencing some shifting trends lately, and when compared to the last crash, there are plenty of factors that make this time different from 2008. Back then, terrible lending regulations, a …

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Are home prices about to fall? Here’s how to make sense of this crazy housing market

We are at the point of the economic cycle where I really just get two questions: Are we going into recession and are home prices about to fall? I am going to do my best to try to make sense of what is happening with the housing market right now, since the years 2020-2024 have been a talking point of mine for years and my biggest concern since the fall of 2020 has been prices overheating — not having a …

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Worried About a Housing Market Crash? The Smartest Real Estate Investors Know These 3 Things.

1. The housing market will recover Markets don’t stay down forever. After recessionary periods where values or demand fall, markets will eventually rebound. In the Great Recession, which is considered one of the worst housing market crashes in history, property values fell 37% over a period of six years. But five years later, the housing market had returned to its pre-recession peak and continued on to increase 59% in value over the next five years. No one wants to see property …

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Will 40-Year Mortgages Become a Thing? Here’s What Real Estate Experts Say

A global pandemic followed up by a looming recession is the kind of once-in-a-lifetime double whammy that can really rock your financial confidence. Now, as interest rates spike, it raises the question: Could a 40-year mortgage option help solve housing affordability problems and remove some hurdles for first-time buyers? Back in April, the Federal Housing Administration announced it was making a 40-year loan modification available to homeowners. The Fed’s hope is that by spreading payments out over 480 months instead of 360, existing borrowers …

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HOMESTEAD EXEMPTIONS

Homestead Exemptions   Just wanted to send a reminder that Homestead Exemptions are Due by April 30th. Homestead exemptions remove part of your home’s value from taxation. If you want to receive a homestead exemption for the taxes on your home, the home must first qualify as a residence homestead on January 1 of the year in which you are applying. There are two requirements: You must own your home on January 1. (If you are over 65,and/or disabled the January …

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Market Update from Catherine Darwin

   Brought to you by Catherine Darwin       For the week of december 28, 2020     QUOTE OF THE WEEK     “A goal is a dream with a deadline.”—Napoleon Hill, American self-help author         NATIONAL MARKET UPDATE       After five months of gains, Existing Home Sales slipped 2.5% in November, but are still up 25.8% from a year ago and 16.1% above pre-pandemic levels. The problem is inventory, the lowest it’s …

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Little Update Here

I am very proud to be one of only 2% of REALTORS who have earned the ABR (Accredited Buyer’s Representative) designation from the National Association of REALTORS. I’ve actually had the designation for many years and use it almost every day. This ensures that my Buyers are are equally represented throughout the Buying process from the moment we meet, through a clean closing. and ending with a strong lifetime friendship. Buyers did not have this legislation to protect themselves until …

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