Based on the forecast for 2018, here is a the recommended action plan. If you plan to BUY this year: 1. Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an
2018 Outlook: Interest Rates will Rise
We continue to look ahead into the new year with the series “What’s the outlook for real estate in 2018?” INTEREST RATES WILL RISE No one knows exactly what will happen with mortgage rates this year, but the Mortgage Bankers Association anticipates the Federal Reserve will raise rates three
2018 Outlook: New Legislation will Impact Homeowner Deductions
We continue to look ahead into the new year with the series “What’s the outlook for real estate in 2018?” NEW TAX LEGISLATION WILL IMPACT HOMEOWNER DEDUCTIONS The “Tax Cuts and Jobs Act” passed at the end of 2017 nearly doubles the standard deduction, so far fewer Americans are expected to
2018 Outlook: Boomerang Buyers Will Return to the Market
We continue to look ahead into the new year with the series “What’s the outlook for real estate in 2018?” BOOMERANG BUYERS WILL RETURN TO THE MARKET “Boomerang buyers” comprise the nearly 10 million Americans who lost their homes to foreclosure or short sales during the housing recession of
2018 Outlook: Millennials Will Move to the Suburbs
We continue to look ahead into the new year with the series “What’s the outlook for real estate in 2018?” MILLENNIALS WILL MOVE TO THE SUBURBS The new entry-level construction will come with a catch though … it will be located in the suburbs, where the availability of land and fewer zoning
2018 Outlook: New Construction will make Real Estate More Accessible
We continue to look ahead into the new year with the series “What’s the outlook for real estate in 2018?” NEW CONSTRUCTION WILL MAKE REAL ESTATE MORE ACCESSIBLE Lack of inventory in the housing market has been a primary impediment to home ownership for many Americans. “Ten years ago, the