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Open Houses Cancelled due to COVID 19

March 23, 2020 Effective immediately and until further notice, the scheduling of Open Houses in NorthstarMLS has been suspended. Also, any currently scheduled Open Houses in the NorthstarMLS system have been cancelled and removed from the MLS. This action will remove publication of Open House dates from IDX feeds and syndication to public-facing websites, as […]

Open Houses Still a useful market tool?

No one knows what the next days or weeks might bring. We all pray this will be over sooner than later with a return to normalcy.  In response to the unprecedented Coronavirus outbreak, what best practices for Open Houses are real estate companies and Realtors recommending? All our health, safety and security is the utmost […]

What The Fed’s Emergency Rate Cut Means For Mortgage Rates

What The Fed’s Emergency Rate Cut Means For Mortgage Rates Mar 15 2020, 5:45PM There are a lot of words here.  If you have a mortgage you might ever refinance (and especially if you think Sunday’s emergency Fed news means you can now get a lower rate), read every last one of them. Background: Fed’s Emergency […]

More affordable to own than rent

It’s more affordable to own than rent almost anywhere in the US Homesnap found that American homeowners will spend an average of 25.1% of their monthly income on their housing while renters will spend 37.9% BY VERONIKA BONDARENKO March 10, 2020 Despite high home prices, putting off a purchase to wait for a better deal may not be the […]

Home prices Soaring, time for a bust?

Are we headed for another housing crash like we had last decade? Whenever price appreciation begins to accelerate, the fear of the last housing boom and bust creeps into the minds of the American population. The pain felt during the last housing crash scarred us deeply, and understandably so. The crash led us into the […]

Home Mortgage Rates over time

Comparing Interest rates on home mortgages over the decades? Here are some averages: 70s       8.6% 80s      12.7% 90s       6.29% 10s       4.07% 2020     3.49%  The lowest in 40 years?  Even with home price increases, you’re better off buying today than 10 years ago.  Maybe it’s time to […]