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The Fed did nothing (kept rates on hold) and still shook up everything (by forecasting more robust economic growth and higher interest rates). Average 30-year mortgage rates are back near their recent peak "of 7.49%", and transaction volumes are dropping. But home prices keep grinding higher in m...

What makes ADUs so remarkable is their versatility and adaptability. Whether you envision a cozy guest suite, a home office, a rental unit, or a space for multigenerational living, ADUs can be customized to meet your unique needs. My help and guidance in planning construction innovations ensure t...

The mortgage rates in the United States during the early 1980s experienced a period of significant volatility and reached historically high levels. Economic conditions, inflation, and the policies of the Federal Reserve influenced the rates.
Here is a rough estimate of the average mortgage rates ...

MARKET UPDATE FOR JULY 2023
Affordability constraints have continued to limit homebuying activity this summer, with existing-home sales falling 3.3% month-over-month nationwide as of last measure, according to the National Association of REALTORS® (NAR). Mortgage rates have approached 7% in recen...

Last week, it was happy days in the mortgage market, with average 30-year rates plunging from 7.5% to near 7.0%. As a recap, that was because the jobs data (JOLTs, ADP, and BLS) suggested a slowdown in the pace of hiring, AND several Fed members made ‘I think we’ve done enough already’ comments.
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A 1031 exchange is a powerful tax strategy that can help investors defer capital gains taxes on the sale of an investment property. However, it is important to understand the long-term tax implications of this strategy.

The gain deferred in a 1031 exchange will reduce the tax basis in the prope...

Did you know Real Estate Investors Buying 45% Fewer Homes Than, a Year Ago?

If the percentage of homes purchased by investors is lower, then the percentage by occupying homeowners would be higher. This is because there would be more homes available for people to live in, which would help to low...

While this holiday traditionally marks the end of summer, it symbolizes hard work, dedication, and the fruits of our labor. It's a time to relax, recharge, and appreciate the achievements we've made together in real estate. Whether planning a getaway, spending quality time with family and friends...

Update 8/24/2023
The market is all about an inflation goal of 2% and a mortgage rate of 7.5%. Last week, Home loan rates paused their rise, and next week, we may find out if the retreat in rates is sustainable. Housing remains in a long-term bull market, and upon any meaningful decline in rates, ...