Bridge Loans & Recasts: How to Buy Before You Sell
Are you interested in buying your new home before you sell your current home? In market with such low inventry, this is becoming an attractive way to make your offers stonger, and to give you flexibility to watch the market for that perfect house…and perhaps even sell your current home for more money after you move out and stage it well for the market.
Expect Tougher Talk From The Fed After This Week's Inflation Data
As 2024 has progressed, economic data--especially inflation data--have made it increasingly clear that rates will not be coming down nearly as soon as the Fed (and the market) expected.
The Case of the Disappearing Rate Cuts
The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that's come out since then has everyone singing a different tune. This week's data was more of an afterthought compared to last week's.
An Old Trick: The 2/1 Buydown Helps with High Rates
A temporary interest rate buy-down is a common strategy to help buyers afford the payments on their new home for the first few years.
Accessory Dwelling Units What you Need to Know
There is a Growing Trend in Housing Called “Accessory Units” or “Accessory Dwelling Units” (ADU). It can be a great way to keep homes affordable, especially for first-time buyers.