The percentage of historical homeownership rates has risen from 47.80 percent back in 1890 to 65.4 percent by 7/1/21, according to statistics found in a digitized Census Bureau report from the 1970s from The University of Minnesota as well as the Census Bureau at the St. Louis Fed’s economic indi
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01/17/2022
By Philip A Raices - January 3, 2022 0 Healthy and Happy New Year to all my readers! Unless you haven’t read a paper or watched the news, we all know that real estate went ballistic between the third quarter of 2020 right through 2021. Anyone owning a home saw their appreciation excel by 19.7
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01/03/2022
I want to wish my family, friends, agents, all Active Rainers, Ambassadors, and everyone else a safe, healthy, enjoyable New Year and safer, healthier, and more lucrative, and much better times ahead in 2022!
12/31/2021
Observing current prices of housing as well as the cost of renovating and upgrading older homes and those places that have been neglected and in need of TLC, could renting could be your best path to pursue in 2022?It all depends upon your specific financial and personal situation. There are many
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12/30/2021
It’s obvious to everyone that prices for consumer goods, food, gas (up $1.20 since 2020) and heating fuel, among almost everything else, have increased substantially. Wood products and components for constructing homes have risen sharply, adding $36,000 to the price tag of an average home. Suppo
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12/20/2021
Being in the business full-time since 1993 and realizing how far the industry has advanced technologically in that period of time is quite remarkable and sometimes overwhelming for many. Back then, we would receive weekly printed books delivered to us on Thursdays and Fridays as to what new listi
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12/16/2021
People many times become enamored with the size of a company as a prerequisite to hiring an agent. Then others will check the reviews and testimonials. Then there are times when one will hire a friend to sell the most valuable asset they own. Knowledge, the number of years in the business, and ex
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12/16/2021
The obviously insane increases observed in real estate prices and values lately from 17.4 percent on average across the U.S. in 2021 led the Case-Shiller Report to calculate a year-over-year rise of 19.7% in July, while CoreLogic showed 18 percent and FHFA 19.2 percent. The major reason has been
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12/01/2021
0 I usually convey this information to all of my client sellers when they are considering putting their home on the market. There are a multitude of reasons for understanding the concerns and attitudes of their current and future purchasers. Many times sellers don’t realize or aren’t aware o
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12/01/2021
By Philip A Raices - November 29, 2021 Are you still renting? If so ask yourself why. Is it because you want to be as flexible as possible and not beholden to a mortgage? Is it because you want to be able to move in a short period of time without having to sell anything? Have you invested the
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12/01/2021
