Category: Real Estate

By M.C. Dwyer For years, everyone in the housing market has been lamenting the housing shortage – not enough homes for sale to satisfy buyer demand. That created a sellers’ market with multiple offers leading to rising home prices. But recently I’ve watched a new trend emerging on my daily hotsheet on the MLS: the number of homes sold has… Read More

Plus the REALTOR Compensation Update By M.C. Dwyer Selling and then buying another home can feel more daunting as people get older. They often need mortgage advice and tax and estate planning as well as assistance preparing the property for market. Still, surveys show up to 30% of homeowners 62 or over are considering moving! Many in the 60+ group… Read More

By M.C. Dwyer Although 30 year mortgage rates were in the mid to upper 6s in January, rates rose back to around 7% in February. Historically, 8% mortgage rates were not unusual, but home buyers got spoiled by the extraordinarily low mortgage rates available during the pandemic. Industry experts are betting that the Federal Reserve will lower their rates later… Read More

By M.C. Dwyer After months of consecutive increases, 30 year mortgage rates peaked briefly at 8% recently. Over the past few weeks, a few economic indicators grew weaker, causing a bull market in bonds — essentially investors bet that the Federal Reserve may hold their rates steady. So, mortgage rates fell back down to about 7.4% at the time of… Read More

By M.C. Dwyer By late August, mortgage interest rates were at their highest levels since the early 2000s. The latest bump upward in rates unfortunately disqualified more would-be first-time home buyers. Overnight, we went from expecting multiple offers on one of our more affordable listings, to being happy to get one offer to our seller at list price. Now more… Read More

By M.C. Dwyer For about the last 5 years, Big Basin Water Company (BBWC), which serves around 500-600 customers, has regularly run out of resources to operate properly. The company, owned by Jim and Shirley Moore, is the definition of a mom and pop outfit, complete with their son as Chief Operator. Sources including the Moores, say they fell behind… Read More