Has Lower Home Inventory Cooled Home Buyer Demand?, Never Use This To Value A Property, Fed Reserve Telegraphs This Next Move

Has Lower Home Inventory Cooled Home Buyer Demand?

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate News:

The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful difference in what a home buyer will pay.

Credit Score You Need To Buy A Home, The Perils Of Renting To Family & Friends, Housing Inventory Continues To Move In Which Direction?

Credit Score You Need To Buy A Home

Real Estate Tip:

It's generally not a good idea for landlords to rent to friends and family--mixing business and family can be very painful and costly in many ways.

Real Estate News:

With 36.6% more homes actively for sale than this time last year, July marked the ninth consecutive month of housing inventory growth across the US.

Key First Step Many Home Buyers Miss, Important Landlord Budgeting Tip, Mortgage Interest Rates Drop!

Key First Step Many Home Buyers Miss

Real Estate Tip:

Landlords should plan for seasonal property maintenance in their annual budgets for things like leaf and snow removal, tree trimming and air conditioner maintenance and repair.

Real Estate News:

Mortgage interest rates in the US recently hit their lowest level in over a year.