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RECENT BLOG POSTS
Whether or not to help your kids pay for their mortgage is a personal decision that depends on your financial situation, your relationship with your children, and your beliefs about financial independence.It's important to evaluate your own financial situation before deciding whether to help your...
05/12/2023
One of the main reasons people Airbnb their homes is to earn extra income. By renting out their homes to guests, hosts can earn money that can be used to pay bills, save for a vacation, or invest in their future. The decision to Airbnb your home ultimately depends on your personal circumstances a...
05/11/2023
"Cash to Close" refers to the total amount of money that a homebuyer needs to bring to the closing table to complete the purchase of a property. It includes the down payment, closing costs, and other fees associated with the home purchase.How is it Calculated?The cash to close amount is calculate...
05/11/2023
A mechanic's lien is a legal claim placed on a property by a contractor, subcontractor, or supplier who has provided labor, materials, or equipment to improve the property. The lien serves as security for the payment of the debt owed to the party who provided the services or materials.Mechanic's ...
05/11/2023
Last week’s economic news included reporting on construction spending, the Federal Reserve’s decision to raise its benchmark interest rate, and weekly readings on mortgage rates and jobless claims. Construction Spending Increases in MarchThe Commerce Department reported that month-to-month constr...
05/08/2023
Last week’s economic reporting included readings on home prices, sales of new homes, and pending home sales. Monthly and year-over-year readings for inflation were published along with weekly reports on mortgage rates and jobless claims. February S&P Case-Shiller Housing Market Indices show slowe...
05/01/2023
In the realm of real estate, market conditions can differ significantly due to a variety of factors. One such state is known as a sellers' market, which typically benefits those wanting to sell their property. Let’s dive into what makes a sellers' market advantageous for homeowners looking to off...
04/27/2023
How to Get Rid of PMI?PMI (Private Mortgage Insurance) is a type of insurance that lenders may require borrowers to pay if they have a down payment of less than 20% of the home's purchase price. The purpose of PMI is to protect the lender in case the borrower defaults on the loan. However, once y...
04/27/2023
Last week’s economic reporting included readings on home builder confidence and weekly reports on mortgage rates and jobless claims.NAHB: Home builder confidence increases in AprilThe National Association of Home Builders reported that builder confidence in current housing market conditions rose ...
04/24/2023
Buying a home is an exciting and exhilarating time. Between the time your offer is accepted, and when you finally have keys in hand and you are ready to step into your new home, it can be stressful. The escrow period, also known as the closing, can take the most easygoing home buyer to the brink ...
04/24/2023
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Bob Elliot

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Real Estate Experience Matters! Local and national market news, trends, and updates.