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Money & Lending

Higher Rates and Short Supply: The State of Real Estate in 2022

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability. So what’s driving this persistent demand? And is there an end in sight? Here are three factors impacting the...

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5 Ways to Write a Winning Offer in Today’s Real Estate Market

Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1 Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market. Yes, a high offer...

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Hedge Against Inflation With These 3 Real Estate Investment Types

The annual inflation rate in the United States is currently around 7.5%—the highest it has been since 1982.1 It doesn’t matter if you’re a cashier, lawyer, plumber, or retiree; if you spend U.S. dollars, inflation impacts you. Economists expect the effects of inflation, like a higher cost of goods, to continue.2 Luckily, an investment in real estate can ease some of the financial strain.  Here’s what you need to know about inflation, how it impacts you, and how an investment in real estate can help. WHAT IS INFLATION AND HOW DOES IT IMPACT...

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A Return to ‘Normal’? The State of Real Estate in 2022

Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.1 However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2 While this trend could be attributed to seasonality, it could also be a signal that the real estate...

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10 Step Home Buying Guide-Step1: ESTABLISH A BUDGET

10 Step Home Buying Guide –  1. ESTABLISH A BUDGET Establish a Budget Buying property is a HUGE deal! It’s likely the single biggest purchase you will make in your lifetime. The first step is to establish a budget and to do that you have to step back and look at your big picture. What does owning a home mean to you? How do you see yourself and your family living in the home? Is this your 5-year home or your forever home? What other activities and hobbies...

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10 Steps in Buying a Home – Step 3: Obtain Lender Pre-Approval

10 Steps in Buying a Home – STEP 3: Obtain a lender Pre-approval Pre-approval of a loan You have met with and committed to your Realtor and you are ready and anxious to move forward and find your perfect home. Before you get in your Realtors car to look at homes you need to talk with a lender and obtain a pre-approval. Why is this so crucial? Knowing your buying power is well, powerful. The online calculators will give you a rough idea of your monthly PITI (principle, interest,...

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Relocate to Marin County from Across the Bay or Across the Ocean

Relocate to Marin County from Across the Bay or Across the Ocean What makes Marin County so great? Why is it one of the most expensive housing markets in the world? Why should you move to Marin County? You can't grow up in Marin County and not feel a little spoiled, special and unique. It truly is one of the most stunningly beautiful places to live and work. The residents of Marin develop a bit of snobbery but can you blame us? Once you live in...

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This isn’t your Parents Loan – Borrowing Money Has a Whole New Look

This isn't your Parents Loan - Borrowing Money Has a Whole New Look Finance is a part of my job but not one I am completely comfortable with or always fully understand but thats why I work with very knowledgable mortgage brokers like Charlie Christensen with EM Mortgage and our in-house broker, Marney Solle with Terra Mortgage. Both incredibly passionate about their work and crazy informed, up to date and experienced in the world of lending and all the new twists and turns the banking industry and government have imposed. Anyone who...

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