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The industry has been eagerly awaiting further details about President Joe Biden’s proposed first-time homebuyer tax credit—which originally featured a max of $15,000 per buyer toward their down payment on a home. The House Financial Services Committee recently released the latest draft of the proposal, called the “Downpayment Toward Equity Act of 2021.” The first note of […]

Many Americans are ready and eager to buy a home right now. But they are having trouble finding one. Home sales edged down 6.6% in February compared with the previous month because there just are not enough houses out there for people to buy. That lack of supply is also driving up prices as bidding […]

Status is reachable Lawrence Yun• 1stChief Economist at National Association of REALTORS®2d • 2 days  With home prices surging in 2020 and continuing in 2021, the wealth gap between homeowners and renters are widening further. The data is the median wealth (a typical owner versus renter). The gap would be much wider in cities where home […]

The market is crazy, are you concerned about issues after the closing? 38% of the purchase agreements are waiving the home inspection*, but that places all parties are at a higher risk of litigation after the close. Yes, if buyers waive the home-inspection the seller could be held liable for future problems. As always, seek […]

Are all Realtors alike? Does it really matter if your Realtor is part-time, brand new or inexperienced? First, let’s talk about Experience. Some mistakenly underestimate the advantages of ​someone with lots of experience.​ With so much turmoil and crazy times in today’s real estate, now, more than ever you need an experienced, knowledgeable and ​full-time […]