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TomsTIPS: Waiting to Sell Your House Could Cost You Money

How can that be? I heard home prices are increasing each month. Although true that home prices have increased economists are predicting a slowdown. Economists are also predicting Interest rates will increase 3x during 2022. Each of those situations will negatively affect home prices. It’s simply supply and demand. A buyers’ purchasing power decreases every […]

WILL THERE BE A WAVE OF FORECLOSURES AS FORBEARANCE ENDS?

And as forbearance comes to a close, many are wondering: is a wave of foreclosures on the horizon? The answer is a sound “no.” Here’s why according to experts: There are far fewer homeowners in trouble this time Most of the mortgages in forbearance have enough equity to sell, rather than foreclose, on their homes […]

TomsTIPS: Home Inspections, To Have or Not to Have?

To paraphrase Shakespeare, to have a Home Inspection or Not, that is the question. During the current fast-paced housing market, many buyers have chosen to waive the Home Inspection to have a better chance their offer will be accepted. Should you? Well, the answer may be simple or not. First, I always recommend a Home […]

TomsTIPS: What are the advantages of buying a house now?

Waiting to Buy a House will cost you more money. More money for a down payment and more monthly payments. Why? Economists are predicting home prices will continue to increase during 2022. Despite some buyers hopes of price reductions, NO economists are predicting a housing bust The Federal Reserve will increase Interest Rates to fight […]

IS THE HOT REAL ESTATE MARKET GOING TO LAST IN 2022?

What we can expect to see is more choices for buyers as inventory rises. In the last year and a half, we’ve seen what could be the hottest real estate market of our lifetime. But we can all agree, or hope, that the factors leading up to that market won’t be repeating themselves anytime soon. While […]

TomsTIPS: THE 5 BIGGEST REAL ESTATE QUESTIONS FOR 2022

1.            IS THE HOUSING MARKET GOING TO CRASH? 2.            WILL THERE BE A WAVE OF FORECLOSURES AS FORBEARANCE ENDS? 3.            IS THE REAL ESTATE MARKET GOING TO LAST? 4.            WITH PRICES SO HIGH, ARE HOMES STILL AFFORDABLE? 5.            WHAT WILL HAPPEN WITH THE 2022 MARKET?