I talked about cities you will need a larger down payment to secure the home of your dreams, but if you're looking for a home with lowest down payment. Maybe you're looking for your own Chip and Joanne moment. Where chip says you bought the house for $200,000 and all-in budget is X and you know those buyers put down less than 20% to secure their home. This blog post is worth checking Continue Reading
Archives for December 2021
2022 Luxury Buyer and Seller
2022 will remain a seller's market 2022 will remain a seller's market, but the market will have fewer luxury buyers in the new year. The luxury real estate market has remained strong in both 2020 and 2021. Demand was outstripping supply. The number of affluent sellers interested in entering the market worldwide over the next three years will increase substantially. Sellers will out Continue Reading
10 Cities where your Downpayment might need to be Extra Large
Who watches those HGTV Shows where buyers go around with one of those home renovation experts and they say So we settle on the little brown house and you paid 120,000 and put 80,000 in renovations and your all in at $200,000 and we all know they put a downpayment less then 10% in many cases. Those of us who live in Dallas Texas, Boulder Colorado, Barnstable MA, Pheonix Arizona, Continue Reading
Inflation and Home Prices
The last time inflation was as high was in 1982 where the rate was 6.2% and interest rates got as high as 20%. My parents bought their house in New Hampshire around that time. Many folks thought it was crazy, but he said to me I had a very small mortgage so it wasn't so crazy. Fast forward to 2021 where we have an inflation rate of 6.8%. You might be wondering what that translates into your Continue Reading
2022 Real Estate Market Forecast
2022 Real Estate Forcast 2021 has been a wild ride in the Real Estate world, and we are now in the final month of 2021, and our minds are thinking about what will 2022 bring in real estate. Many housing experts have used the phrase the housing market will normalize. What does that mean? Does that mean prices will take a nosedive? Does it mean buyers and renters will have the upper Continue Reading
Support Local Business This holiday season
Support local businesses this holiday season. The holidays are here, and you might be thinking didn't we just celebrate Thanksgiving, Christmas, and New Year and where did the time go by? The holidays are here. It's amazing what a year can do. 2020 holiday season we didn't have a vaccine available to everyone and this year we are fortunate to have it available. Dining out has Continue Reading
