WHY NO ONE IS SELLING THEIR HOUSES- It is the mtg rates.

Tuesday, May 17

I want to revisit a blog post from a month ago which outlines why someone might not sell their house due to rates. See link below: https://www.biggerpockets.com/... Today rates stand at about 5.4% for a 30 year note. 91% of homeowners have an interest rate under 5% This is reducing mobility.  So ...


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 ...