Blame the Millennials for the HOUSING CRISIS
Tuesday, May 03
This is a great article from the Washington Post- Stop blaming millennials for the housing crisis. https://www.washingtonpost.com... Actually you should blame them. They are the problem These folks wanted experiences so no one built housing for them. Now they want housing and there isn't enough...
Should i buy down my interest rate?
Tuesday, May 03
With rates going higher you may want to consider an interest rate buy down. How does this work? lets take a couple of examples starting with a current rate(estimated) of 5% 2-1 and 3-2-1 buydowns The 2-1 works like this. Year 1 you get 2% off the rate so you pay 3% in year 1 Year 2 you get 1% off...
The Second Mouse gets the cheese
Tuesday, May 03
This may seem a little harsh but it is the truth. The first mouse gets caught by the trap and the second one comes in and steals the cheese. This is happening in Real Estate as well. Do you see how many properties are Back on Market(BOM) well that number is a lot larger than you can see from the ...
Worcester and Affordable Housing
Thursday, April 28
Great article here by Henry Schwan in the T&G https://drive.google.com/file/... He brings up a lot of pertinent issues and tells some truly sad stories about people who are having tough times due to rising rental prices. He astutely points out that there are huge applicant pools for subsidiz...
Housing Musical Chairs- Good news- More Chairs are coming.
Monday, April 25
Housing is a game of musical chairs. But instead of removing chairs they have been adding people. SAME RESULT- LOTS OF LOSERS IN THE MARKET Also, some people can only fit in a big chair, so they have to take more time looking, or just need small chair. We could go on for a long time with this ...
MTG Rates make a huge difference to affordability
Monday, April 25
Here is an article from Fortune. https://www.newsbreak.com/news... The crux of the article is that rates have risen so fast so quickly that houses are costing a lot more. Now keep in mind the Fed is looking to raise rates another 50 bps at the next hearing it is going to make even more of a dif...