appreciation: High-flying market likely to slow down
- 01/03/22 06:55 PM
By Philip A Raices - January 3, 2022 0 Healthy and Happy New Year to all my readers! Unless you haven’t read a paper or watched the news, we all know that real estate went ballistic between the third quarter of 2020 right through 2021. Anyone owning a home saw their appreciation excel by 19.7 percent (13.61 percent inflation-adjusted) through July 2021 as per the S&P/Case-Shiller seasonally adjusted national home price in index and in some areas even higher. This was the largest year-over-ear annual growth ever recorded. Of the 20 major cities, according to Standard & Poor’s, Phoenix had posted the … (1 comments)
appreciation: All Things Real Estate: Selling home during divorce a challenge
- 07/19/21 09:10 PM
The Covid-19 pandemic has caused much death and havoc to our world and it has unleashed a multitude of issues for everyone, especially the undue stress on family finances, loss of jobs and businesses. Unfortunately, this in turn has created an environment conducive to increases in the divorce rate. If one has ownership of a primary residence or investment properties, this can be a very challenging and sticky situation as to the discussions, assuming they are civil, which is generally not the case or norm, as to how the property will be divided or potentially sold. Most important is when young, pre-teen … (0 comments)
appreciation: ls the rental market where your money should be?
- 06/17/21 08:50 AM
The forbearance for those not having to pay their mortgages during the COVID-19 pandemic is about to end on June 30, unless it is extended once again. Although, one can never predict what course the government might take at the last minute. But at the same moment in time, I am quite concerned for those small landlords who cannot collect a dime for rent and who depend on the cash flow to pay their own mortgages. Potentially millions of homes might just be coming into the market as the majority of them have positive equity and it will obviously be an excellent time … (2 comments)
appreciation: Interest rates hold key to market
- 01/21/21 07:13 PM
As we all know, interest rates are historically low, demand is exceptionally high (for those homes and properties that are priced correctly) and inventory is less than four months, the lowest on record. This has, for the most part, caused home prices in 2020 to increase between 9 percent and 13 percent, depending on the area even though inflation was less than 2 percent. This is a casebook example of a supply-and-demand economic scenario that some of us learned in school. However, it is an impossible and untenable situation for the long haul. But how many really remember how it … (4 comments)
appreciation: All Things Real Estate: Renting vs. buying a home
- 01/21/21 06:44 PM
I look in bewilderment at the approximately 32.9 percent (as of the third quarter of 2020 as per the Census Bureau) of those who are renting in the United States and wonder why in the heck are they in that position? Many reasons come to mind as to why this might be and why more renters aren’t buying. I know so many people who I have had conversations with about renting instead of buying while they are giving their wealth away month by month, year by year. I ask them: Have they thought about purchasing and the overall majority say “yes,” but … (2 comments)
appreciation: The Dream is Still Well & Alive!!
- 01/08/19 06:14 PM
This is the first column for the new year of 2019 and I hope everyone had some enjoyable and relaxing holiday time with your families, friends and significant others and hoping that your New Year in 2019 will be healthier, happier and more prosperous! Based on the current demand, purchasers are still out there this winter looking and searching for that perfect “white picket fence” of a dream home. But let’s be realistic, finding that letter perfect home is getting much harder these days, due to our still very outrageously low inventory (that is slowly increasing), especially below one million dollars. … (3 comments)
appreciation: THERE IS NO BUBBLE, GO OUT AND PURCHASE!
- 12/25/18 08:29 AM
4 Quick Reasons NOT to Fear a Housing Crash There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago. Here are four reasons why today’s market is much different: 1. There are fewer foreclosures now than there were in 2006 A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at a discount and, in many cases, lowered … (0 comments)
appreciation: HOW MUCH HAS YOUR HOME APPRECIATED? AND HOW MUCH EQUITY DO YOU HAVE?
- 12/25/18 07:51 AM
Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! Tuesday March 20th, 2018 For Sellers, Move-Up Buyers CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. “U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase of 12.2%, year over year.” Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief … (0 comments)
appreciation: THINKING OF SELLING YOUR HOME, THEN HIRE A PRO!
- 12/25/18 07:46 AM
with PHILIP RAICES HOME LANGUAGE FREE BUYING/SELLING GUIDES Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner Monday October 29th, 2018 For Sellers, FSBOs, Move-Up Buyers With home prices on the rise and buyer demand still strong, some sellers may be tempted to tryand sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families. … (1 comments)
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By Philip A Raices - January 3, 2022 0 Healthy and Happy New Year to all my readers!
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