When Will Mortgage Rates Go Down?, The Perils Of Overpricing, Mortgage Delinquencies Surge

When Will Mortgage Rates Go Down?

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate Insight:

In November, approximately 1.6 million homeowners were more than 30 days past due on their mortgages, leading to a national delinquency rate of just over 3% which represented a 3.5% increase from October's total, while loans 60 or more days late saw an 11% surge.

What The HMI Tells Us About The Real Estate Market, How Long You Should Get A Guarantee On A New Roof?, Home Sales Fall Again

What The HMI Tells Us About The Real Estate Market

Real Estate Tip:

Always get at least a 5 year guarantee on a new roof before you make the final payment on it.

Real Estate Insight:

Home sales fell .5% in October compared with September.

How Real Estate Markets Will Be Different Next Year, Comps Determine Property Value, Big Tech Companies Cancel Office Leases

How Real Estate Markets Will Be Different Next Year

Real Estate Tip:

90% of what goes into the current value of a residential property is what similar properties have sold for in the last 6 months—so the key to arriving at the most accurate estimate of your home’s current value is getting recent sold price comparables in your neighborhood.

Real Estate Insight:

Big tech companies that drove US office demand for years are now canceling leases and flooding business districts with office space as they downsize.