We Were Exposed Yesterday!

In yesterdays blog post, we listed the five reasons a homeowner should use a real estate professional to sell their house. We thought we did a good job. However, many industry practitioners (and some homeowners) contacted us to let us know we missed one of the most important benefits agents offer: the exposure they give […]

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5 Reasons You Should Use a Real Estate Professional

Should you spend the money on a real estate commission or save that money by selling your home by yourself? That is a question many home sellers ask themselves. Today, we want to discuss why it is crucial to have a true professional guiding you through the minefield of challenges that exist in the current real […]

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Quantitative Easing and Its Impact on Real Estate

The economy is still struggling. Employment numbers are not improving. The housing market is stagnant. The Federal Open Market Committee (FOMC) decided that a new form of stimulus was necessary to kick start the job market and the economy. They decided to ‘put more money’ into the market. The term for the new stimulus package […]

4 Unique Open House Ideas

Open Houses have long been a tool used by agents to get a home seen.  On any given weekend, there are dozens of them in every community in America.  How can your real estate agent position YOUR Open House differently to make it stand out from the rest?  Remember, the goal of the Open House […]

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Will Your House Be Worth More in the Spring?

This is a question anyone thinking about selling must ask. Should they sell now or should they wait for the spring? Most years that would be an interesting question. There is a belief that many buyers come out in the spring and, with that increase in demand for housing, prices may appreciate. This year is […]

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Best Time to Buy AND Best Time to Sell?

If you know a great real estate professional, you might be questioning them right now. They may tell a friend of yours in the afternoon that this is a great time to buy a home and in the evening tell another friend that they have to lower their price in order to sell their home. […]

Is There a New 3.8% Tax on House Sales?

We have received many questions about a possible 3.8% tax which will be put on home sales beginning in 2013. We want to do our best to clarify this situation for everyone. We are not accountants and give you this information just as a simple answer to the misconception. Understand that, when it comes to […]

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Can Rates Go Down Any More?

It appears they CAN and that they WILL. The buzzwords today are Quantitative Easing. It is another of the weapons the Fed has at its disposal to impact the economy, as a whole, and interest rates in particular. Let me explain. In so far as the Fed has already lowered the rates they charge to […]

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Is the Window of Opportunity Beginning to Close?

Several banks had recently suspended foreclosure procedures on hundreds of thousands of homes while they were forced to review all their paperwork. The lenders had to prove they fulfilled the legal requirements for repossession. We have reported that homeowners of all non-distressed properties were given a window of opportunity to sell their house without the competition […]

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5 Reasons You Should Sell Your House TODAY!

Selling your house in today’s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every opportunity that appears. Each fall, such an opportunity presents itself. This fall, that opportunity may be just too good to pass up. Below are five reasons you should consider when […]

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The New Foreclosure Mess: A Possible Silver Lining

There is no doubt that the current foreclosure mess is creating havoc in the housing industry. Listings are being removed from the market and many closings are being delayed and, in some cases, even canceled. No one is sure what the full impact of the situation will be or when it will be rectified. However, there […]

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The New Foreclosure Mess: What It Means To You

Last week, we reported on the beginnings of the mess the banks created by using ‘robo-signers’ to fast track foreclosure filings. We detailed the challenge and said that “the process of foreclosing may grind to a screeching halt”. And, it has. Bank of America has announced that it has halted foreclosures in all fifty states. […]

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Luxury Real Estate Market Gaining Momentum

The news about the housing market still seems to be dominated by stories of pending disaster. Headlines report that some believe that there is a 25% chance of a ‘double-dip’ in home prices. We can understand the concern. The last Existing Home Sales Report by the National Association of Realtors (NAR) showed that sales were […]

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Forget Headlines. Get To the Core of the Story

The National Association of Realtors (NAR) will release their Pending Home Sales report today. The report will generate headlines and those headlines will seem in conflict with each other. The reason for the confusion is that there will be nuances within the report. In order to truly understand the report, we must peel away the headlines […]

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Taking the “Horror” Out of Selling and Buying a Home

The following blog post was written by Joanne Mills, a Keeping Current Matters subscriber on Long Island, NY. We enjoyed her post and received permission to share it with you, our readers.  – The KCM Crew First, what is a home? This is what you will find in the dictionary. Home – noun 1. a […]

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House Prices: What Impact Will Foreclosures Have?

Foreclosures have had a major impact on house prices over the last several years. The next six months will again see a flood of distressed property inventory coming to the market. Will this cause a ‘double dip’ in home values as some are predicting? We want to take a very objective look at this issue […]

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Be Prepared For Some Confusion Tomorrow!

9/23 – As expected, the Existing Home Sales Report shows a 7.6% increase in month-over-month sales and a 19% decrease in sales year-over-year. No real news here.   ORIGINAL POST The National Association of Realtors (NAR) will release the Existing Home Sales Report tomorrow. Be prepared for the confusion when the news media starts announcing […]

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Time Magazine: As Wrong Today as They Were in 2005

Time Magazine’s cover story last week was titled Rethinking Homeownership: Why Owning a Home May No Longer Make Economic Sense. The webpage title for the online version of the article was After Housing Bubble, the Dark Side of Homeowner Dreams. The actual article title on the internet was The Case Against Homeownership. It is rather […]

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Today, you need an INDUSTRY LEADER

We are at a very interesting crossroad in the real estate industry. Whether you are buying or selling a home, you should not deal with ‘just anyone’ in real estate. You need someone who can explain what is happening in the market and help you understand your options. You want an expert, an industry leader. […]

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Home Prices: The Next 90 Days

The next three months will be interesting for home prices. The impact of the homebuyers’ tax credit is fading from the market and so are the buyers. We must realize that in September, October and November of last year buyers were rushing to buy a home before the expiration of the original tax credit (November […]

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4 Ideas To Spur Home Sales

A new Home Buyer Tax Credit is unlikely.  Interest rates can’t go much lower.  So, how can a market where buyers who are afraid of losing their jobs begin to digest the massive quantity of current and shadow inventory without another major correction in pricing?  Here are four “outside the box” ideas that deserve consideration: […]

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It’s Not About Jobs If You Need To Sell Now

A message from Steve Harney: The short term fixes used to bolster the real estate market (the purchase of mortgage-backed-securities and homebuyer tax credits) proved to be just that: short term fixes. Everyone now seems to feel that the only true solutions to the challenges in housing are the creation of jobs and the increase […]

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Future Home Prices: Expectations from the Experts

MacroMarkets has assembled a very distinguished panel of over 100 economists, investment strategists, and housing market analysts who are surveyed every month regarding their 5-year expectations for future home prices in the U.S. The report is the Home Price Expectations Survey. Their purpose for this undertaking? We are hopeful that this survey, and our panelists, will […]

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How the Serenity Prayer Applies To Selling a Home

You may believe that selling your home will be impossible after all the news you have heard recently.  You may feel powerless to the process. What could YOU possibly do to turn this housing market around? There is no doubt that today’s real estate market is extremely difficult to navigate. However, we want you to […]

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Sense of Urgency?

It’s been hard to fault home buyers who haven’t rushed to buy a home, now that there is no longer any Federal Tax Credit. I mean, if you read this blog with any consistency, we all know that home prices are going to continue to tumble, and there is no indication of interest rates climbing […]