In-The-Know Real Estate Blog How Upset Should You Be about 3% Mortgage Rates? In early March, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: The bump-up in rate […]
In-The-Know Real Estate Blog 6 Simple Graphs Proving This Is Nothing Like Last Time Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors […]
In-The-Know Real Estate Blog Will the Housing Market Bloom This Spring? Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will […]
Reno-Sparks Market Report March 2021 Market Report ** Data in this report reflect market activity from FEBRUARY 2021 compared to the previous month and year.  Information is gathered from the Reno-Sparks Association of Realtors® (RSAR) for the Greater Reno-Sparks region via Northern Nevada Regional Multiple Listing Service (www.nnrmls.com).  Data accounts for single-family resale residences only, and excludes townhouses/condos, manufactured/modular and new construction. In […]
Reno-Sparks Market Report February 2021 Market Report ** Data in this report reflect market activity from JANUARY 2021 compared to the previous month and year.  Information is gathered from the Reno-Sparks Association of Realtors® (RSAR) for the Greater Reno-Sparks region via Northern Nevada Regional Multiple Listing Service (www.nnrmls.com).  Data accounts for single-family resale residences only, and excludes townhouses/condos, manufactured/modular and new construction. In […]
In-The-Know Real Estate Blog What Experts Are Saying about the 2021 Job Market In early January, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal (WSJ), explains: “The […]
In-The-Know Real Estate Blog What Happens When Homeowners Leave Their Forbearance Plans? According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program […]
In-The-Know Real Estate Blog What Does 2021 Have in Store for Home Values? According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: “Home price growth remained consistently elevated throughout 2020. Home sales […]
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In-The-Know Real Estate Blog Things to Avoid When Applying for a Mortgage Consistency is the name of the game when applying for a mortgage.  Be sure to discuss any changes in income/employment, assets or credit with your lender.  Open and honest communication with your loan officer is paramount so you don’t unintentionally jeopardize your application.  See below for some of the key activities to avoid:
In-The-Know Real Estate Blog Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on […]
Weekend Warrior Weekend Warrior Update Welcome to THE WEEKEND WARRIOR Special note from Denise: “Normally,” Northern Nevada overflows with a variety of wonderful events and activities for us to enjoy, year-round.  From National Air Races and Hot Air Balloon Races, to the El Dorado Great Italian Festival and the Best in the West Nugget Rib Cook-off…. Concerts, Art Exhibits, Fire Dancing, […]
Reno-Sparks Market Report January 2021 Market Report ** Data in this report reflect market activity from DECEMBER 2020 compared to the previous month and year.  Information is gathered from the Reno-Sparks Association of Realtors® (RSAR) for the Greater Reno-Sparks region via Northern Nevada Regional Multiple Listing Service (www.nnrmls.com).  Data accounts for single-family resale residences only, and excludes townhouses/condos, manufactured/modular and new construction. […]
In-The-Know Real Estate Blog The Holidays Aren’t Stopping Homebuyers This Year Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active this holiday season – the home buyer. Each month, ShowingTime releases their Showing Index which tracks the average number of appointments received […]
In-The-Know Real Estate Blog 3 Reasons to Be Optimistic About Real Estate in 2021 This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their […]
In-The-Know Real Estate Blog Why It Makes Sense to Sell Your House This Holiday Season If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers. The latest Existing Home […]
Reno-Sparks Market Report December 2020 Market Report ** Data in this report reflect market activity from NOVEMBER 2020 compared to the previous month and year.  Information is gathered from the Reno-Sparks Association of Realtors® (RSAR) for the Greater Reno-Sparks region via Northern Nevada Regional Multiple Listing Service (www.nnrmls.com).  Data accounts for single-family resale residences only, and excludes townhouses/condos, manufactured/modular and new construction. […]
Favorite Recipes Swedish Green Mashed Potatoes What You’ll Need: 6 large russet potatoes 1 c. sour cream 1/4 lb. soft butter 1 tsp salt, or to taste 1 tsp pepper, or to taste 1 tsp sugar, or to taste 1 Tbsp dry dill 1 pkg. frozen, chopped spinach 4 green onions, chopped What You’ll Do: Peel and cut the potatoes into […]
In-The-Know Real Estate Blog Chances of Another Foreclosure Crisis? “About Zero Percent.” There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced to […]
In-The-Know Real Estate Blog Flurry of Activity Anticipated in the Winter Housing Market In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the housing […]
In-The-Know Real Estate Blog How To Sell Your Home During COVID-19 These days, it seems as though the residential Real Estate market is starving for listings.  If you have been thinking of selling your home, now is the prime time to list, market and get top dollar.  However, you may be holding back due to COVID-19.  Through the last 8 months since stay-at-home orders initiated, Real […]