The numbers are in at realtor.com and it's time to see how September has stacked up for buyers! Plus, that data tells us what the top 20 markets in the nation are this month. Are any of them in your backyard? If so, there could be a great opportunity right around the corner in your community!
John Boehner announced that he is going to retire from the House in October. This is HUGE news and spells the end of a relatively passive house of representatives. One of the folks being looked at as a possible replaced for Speaker Boehner not only cries a whole lot less, but also has an interesting record on housing, lending and government sponsored entities policy. His ideas could really shake things up!
Today we will take some time to discuss what he has suggested in the past and consider what it might mean for real estate!
It is absolutely crazy to think that we have learned NOTHING from the real estate downturn. However, some recent info shows that subprime lending is not only back, but it is growing. Plus, it is being put into investment portfolios... again!
Californias recent numbers and some amazing data on first time buyers will blow your mind and might just give you a sense of deja vu - and not in a good way!
Articles you might be interested in:
More fuel for the idea that the market is slowing presented itself today. We will take a look at the numbers and see where home appreciation has slowed the most.
How should this effect your decision to buy or sell? We will talk about that.
Most homes seem to be part of an HOA these days. While many tend to make looking at the HOA a secondary concern, you need to make sure that HOA living fits with what you want to do.
There are a number of things you need to look at, not just what the HOA will allow you to do! A bad choice here could cost you thousands of dollars - so lets figure out how to make the wisest choice possible!
There is a certain pleasure in being able to say 'I told you so'. I usually try to just internally give myself a pat on the back in those cases, but I had SO many people tell me that I was completely wrong about what the FED was going to do with interest rates, I kinda could not resist pointing it out.
So what do we do now? If the rates are not going to go up now, when will they? How should this effect buyers sellers and investors? We will cover it all in todays show!
Here are a few links for you to check out:
Don't forget to check out my new Pintrest boards!
Finally, since this is a FED focused episode, don't forget to get a copy of "The Creature From Jekyll Island" to learn more about this organization that pokes you with the money stick every single day!
It is always a good idea to get some insights into the habits of the most successful folks in whatever area you are interested in. Of course, we are talking real estate, but keep in mind that these traits are going to help you achieve success no matter what your area of interest might be.
Over the years, I have worked with real estate investors of all kinds. After reviewing this list I can say that it absolutely reminds me of the most successful of those folks. Make time in your day to focus on these traits, and the sky will be the limit - no matter what your goals might be!
Today we are going to talk about the most recent numbers relating to mortgage applications. Just about everyone in the media is blaming the feds rumored plan to increase interest rates this week. We will discuss this and see if it makes any sense at all to come to that conclusion.
Whether or not it makes sense that folks are holding back on making mortgage applicaitons because of an expected rate hike, there are likely other things at play here that are worth exploring. So take a listen to todays show and see what you think!
There are so many relatively small projects that you can take on to improve the value of your home. Every idea in todays show will pay you back many times over in terms of sales price and money saved by selling your home more quickly!
This show will cover some specific areas to concentrate your effort and offer some insights into where you can go to get access to learning new skills for free that will make it even easier for you to take on more profitable projects!
Big changes are coming to the lending world! The HUD 1 disclosure and good faith estimate have been part of the lending landscape for a long time. New changes coming in October will see them both going the way of the dinosaur in favor of "The Loan Estimate". Whether you are a buyer, seller, investor or real estate agent, this show is a must listen! Even the California Association of Realtors got this topic wrong in the piece they did on it, so getting the right info is CRITICAL in order to avoid unnecessary delays to your escrow. So take a listen to todays show and I will share with you what you need to know and how to avoid those pesky delays.
There are some great reasons to consider refinancing. There are also some really crappy reasons. We will take some time to cover both in todays show. There are solutions for the long term type and for folks that are looking for better cash flow RIGHT NOW! So make sure and listen to todays show.
Compare a 15 and 30 year mortgage here:
Source Music- http-//www.bensound.com
More data out this week showing that sellers are convinced that their homes are worth more than what appraisers are concluding. Today we are going to look at the data using my local county of Santa Clara as an example to try and figure out why this discrepancy exists. Is it out of whack appraisers? Bad data? Sellers setting unreasonable prices?
We will explore it all and figure out what it means for buyers, sellers and investors! Don't miss it!
About 15 minutes after finishing the Tuesday show, I managed to fall my way down some stairs. The end result was a kneecap resting about 70 degrees off from where it should be.
I spent the next few hours in an emergency room and now I am on the mend. I just wanted to give everyone a heads up that we will not likely see 5 episodes this week since there is a stairway between me and the office/studio where the show magic happens! I am working on alternatives so that I can get things rolling ASAP!
The process of moving toward what you consider success all starts with deciding on the attitude at your foundation. Todays show is going to explore this idea and the funamental truth that whatever it is you are shooting for, it should provide value.
One of the more common questions I get is "What is the difference between a real estate agent and a Realtor?". Well, today we will explore the differences and also have a bit of a conversation about whether or not you can get along without one when you buy or sell a home. My opinions on this one tend to upset a whole lot of real estate agents. However, the ones that actually do the job should not be worried!