As We Boomers Age, There’s Much to Consider We’ve written much About first time homebuyers and the great struggles for them to be able to break into the housing scene. This week, I ran across a couple of interesting articles about the…
The Republican victory last Tuesday saw a momentous stock market skyrocket the next day. It also jacked the 10-year bond by 14 basis points, which was followed by a 9 basis-point rise in the average 30 year-fixed-rate mortgage which settled in near…
Last week we discussed a young man (we’ll call him Lonny) who, 6 years ago, left California to began a Phoenix real estate career. He had all the right stuff: smarts, enthusiasm, personality, and dedication. But Lonny lacked one (and perhaps 2)…
About 6 years ago, Jonathan and I were Mentor Leaders with our company, HomeSmart. HomeSmart was growing significantly with a number of new licensees joining the firm, as they were with other companies. Newbies would go through the real estate licensing process…
A Seller’s Market is What’s Needed For That Many “experts,” in our industry, us included, were looking for a cataclysmic change in the way day to day residential real estate is conducted. August 17th was that day, the result of the Sitzer-Burnett…
September Market Numbers and Rate Reversal Well, October has arrived, but it’s still acting like August. At least the early mornings are wonderful; emphasis on “early.” That’s a segue of sorts to our current local real estate market conditions – about the…
Hello Buyers? Where are You? From Mortgage Bankers to New Home Builders to Title Companies, to livelihood threatened real estate agents, and many others, the same question is being asked industry-wide: When will buyers jump back into the market? Mortgage rates have…
Pricing Stable – for Now! Mortgage Rates are at their lowest since April of 2023! The Mortgage News Daily is showing the 30 Year Fixed Rate average is down to 6.27%, while FHA and VA are down to an average of 5.68%!…
What Should Sellers Do? Last week we wrote that the class action lawsuit of Sitzer-Burnett VS NAR forced a settlement by NAR that brings major changes to real estate compensation, particularly about how Buyer’s agents get paid. On top of that, this…
Why This Will be a Bad Deal for Buyers and Their Agents I’ve written somewhere north of 500 Mike’s Monday Market Snapshots over the years. Every issue is created on the day of publication until just recently when I started to write…