Moving is one of the five most stressful life events you can experience, and no one knows this more than a child. Even a child as young as two can feel the undercurrents of change happening in the house and the feelings of stress and anxiety that go along with it. Many parents think the best way to prepare a child for a move is to shield them from its impact and wait until the child is at daycare or school to go through their things, pack up what they want, donate or throw out the rest and be done with it. This is by far the worst way to handle it. I know, because this is what I did, and I paid dearly for it. We were living in Wilmette, IL – a suburb of Chicago, the first time that I moved with my girls who were 2 ½…
Posted On Monday, 22 July 2024 00:00 Written by
Here we are less than 30 days away from historic change in the real estate industry and it seems like the only people who are ready are those in the mortgage industry. While FNMA, FHLMC, HUD, and the VA have all weighed in on how to address the changes in real estate commissions and how they are to be handled on the mortgage side, I am still waiting to see and hear about how the actual real estate side of things are going to be handled and how all the questions around these changes are answered. While I have many questions yet to be answered, here are the SEVEN I would like addressed so we can all move forward together: 1. What does the new listing agreement look like and what states and real estate boards have approved it? 2. Has anyone seen a copy of the buyer and agent…
Posted On Monday, 22 July 2024 00:00 Written by
Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.77 percent. "The 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive incremental signs for the housing market. However, homebuyers have yet to respond to lower rates, as purchase application demand is still roughly 5 percent below Spring, when rates were approximately the same. This is not uncommon: sometimes as rates decline, demand weakens, and the apparent paradox is driven by buyers making sure rates don’t decline further before they decide to purchase.” News Facts The 30-year FRM averaged 6.77 percent as of July 18, 2024, down from last week when it averaged 6.89 percent. A year ago at…
Posted On Friday, 19 July 2024 06:22 Written by
Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s despite home prices sitting just about $100 shy of last week’s record high. Daily average mortgage rates have dropped to their lowest level since February after last week’s cooler-than-expected inflation report, bringing homebuyers a bit of relief. A homebuyer on a $3,000 monthly budget can afford a $450,000 home with a 6.8% mortgage rate, roughly the daily average as of July 17. That buyer has gained about $25,000 in purchasing power since rates hit a five-month peak in April, when they could have bought a $425,000…
Posted On Thursday, 18 July 2024 06:47 Written by
It’s impossible to find a Realtor® today who doesn’t drive home the importance of curb appeal. An attractive and well-presented exterior can mean the difference between a house sale and a house that sits on the market gathering dust. Sadly, you can have a house with a beautiful interior that is never seen due to the negative assumption from agents and buyers based on the exterior presentation. It follows that improving the visual appearance of the exterior of your structure and property is one of the best investments you can make as a seller. According to the NAR, 63 percent of homebuyers will ask for a showing after viewing a house online. The first thing they will see, even in pictures, is the exterior of your house. They have viewed the listing online and are impressed enough to schedule a showing, so be sure what they see in person is…
Posted On Thursday, 18 July 2024 00:00 Written by
You spend hours on social media each week – but do you know your ROI (return on investment)? Or are you wasting time by looking at cute kitten memes and not focusing on making sales? We all know that social media is a great way to prospect, but most agents don’t know how to measure their effectiveness online. Top performing agents know what to do, how to do it, and as a result, have seen their sales increase…and their bottom line. Successful online marketers tell us that your goal is to contribute and publish content that is relevant, timely and specific to the followers in your communities. You want to connect with purpose, not just have “followers”. Social media gives you the chance to become the “celebrity authority” in your marketplace. Here are my top tips to get you started: 1. Start a conversation! Social media engagement is just like…
Posted On Tuesday, 16 July 2024 00:00 Written by
A successful business requires more than just having a great product, service, or strategic plan. It requires obtaining and retaining the best individuals who can turn that product idea and plan into reality! You need an amazing team alongside you with the skills and foresight to propel your company into the future. But naturally, you know that every other organization in our economy is also striving for the same thing. With that being said, how do you make sure that your valued employees stay by your side? Believe it or not, the answer is not always money! First, realize that hiring the best and retaining the best are two completely different concepts. Hiring qualified employees is very much a surface-level endeavor. You are vetting candidates to determine if their qualifications are a right fit for your business and the various tasks needing completion while they are vetting you to see if your company is a right…
Posted On Tuesday, 16 July 2024 00:00 Written by
This segment addresses Tip #4 from my eBook, SmartWomen/Smarter Choices-10 Tips to work smart not hard Tip is: What do you really want?
Posted On Monday, 15 July 2024 12:43 Written by
We finally start to see that the numbers we get from the BLS report (Bureau of Labor Statistics) might be better called “Basic Lying Statistics”, as once again they have had to go back in time and adjust numbers DOWN by HUNDREDS OF THOUSANDS of JOBS…AGAIN! This nonsense must stop because it has become alarming to see that government reporting of data is so flawed that we are better served by eliminating that entire entity and just saving the money.  It is important to note that the BLS keeps presenting numbers touting the creation of hundreds of thousands of jobs, but a deeper dive shows that we are losing full time jobs at an alarming rate and those job loses are being offset by a significant rise in parttime offerings. Since so many jobs are being offered in multiple markets across multiple platforms, it can often confuse the situation and…
Posted On Monday, 15 July 2024 00:00 Written by
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