Home Design and the Emerging Trends in 2023 As we enter a new year, it’s fascinating to observe how home design trends continue to evolve. The year 2023 brings with it a fresh wave of innovative ideas and design concepts that promise to transform our living spaces for the better. In this blog post, we […]
Author Archives: George Herchenroether
Fed Policy on Interest Rates, Housing Impact
The Federal Reserve’s decision to raise interest rates has been a hot topic in the financial world, especially for those in the housing market. Mortgage rates have been impacted by these interest rate hikes, and it’s important for home buyers and owners to understand how this affects individual and family finances. The recent “pause” is an […]
Housing and Rent, First Time Home Buyers Challenges
Housing Market is Difficult with Home Prices and Rents Increasing Purchasing a home is a significant milestone in one’s life, representing stability, independence, and an investment for the future. However, for first-time homebuyers, navigating the housing market can be a daunting task. In this blog post, we will delve into the current state of housing […]
First Time Buyers – Home Appraisal Waivers and Gap Coverage
Understanding the Value of Appraisals for First-Time Homebuyers: Risks of Waiving or Using Gap Coverage As a first-time homebuyer, navigating the complexities of the real estate market can be overwhelming. One crucial aspect to consider when purchasing a home is the appraisal process. In this blog post, we will explore the value of appraisals and […]
Real Estate Market Crash or Balancing?
Many believe that the real estate market is headed for a crash while others see things balancing out Either way, right now it is not a healthy market for anyone. To suggest the real estate market is headed for a crash is speculative and sheer drama. Before discussing the “crash” versus (whatever) discussion, keep in […]
Quickie Flips and Market Value
Buyers are Savvy to the Quickie Flip and Can Spot an Overpriced House Since early 2000’s, the flipping industry grew from a cottage concept into a large segment of real estate transactions. Everything from basic paint jobs to full blown large structural renovations of properties. And buyers have fallen in love with the homes that […]
Simple Rule for First Time Rental Investment
Basic rule to determine cash flow on a rental investment Thinking of buying a rental property? Single family home or a multi-family, there is a simple rule that will help you determine if the property is worth considering. This rule is especially effective for first time investors. Keep in mind, the rule only works (effectively […]
Selling a Home As-Is
For many buyers and sellers, there is a great misunderstanding about what it means when selling a home as-is. Before I go any further, it is important to understand that the “as-is” reference is for marketing purposes only. The purpose of the label is simply to convey to the public that the price reflects some […]
Sellers Retreat from the Housing Market
I get questions like this a lot. Why isn’t inventory picking up more? Aren’t home prices coming down? Where are the sellers now? In short, sellers are just as unsure about what to sell a house for as buyers are unsure about affording one. For this reason, and others, sellers continue to retreat from the […]
Affordability of Real Estate and Home Ownership
Home ownership has been a big part of the ‘American Dream’ slogan since (at least) the 1950’s. And for many, it is a dream they continue to chase. The pandemic that started late in 2019 and blossomed in 2020 into a global nightmare took the discussion of home ownership and brought it front and center. […]