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Buyers Have Alternatives as Mortgage Rates Rise

by Lew Sichelman | May 23, 2022 | Banking & Lending, Opinion, Residential Real Estate

Rising mortgage rates are sidelining many would-be homebuyers. But there are two ways to meet the challenge.   One option – paying “points” and lowering the rate for the life of the loan – is costly at first, but could be less expensive in the end. The other option –...

These Days, Buyers Must Be Careful

by Lew Sichelman | Feb 28, 2022 | Opinion, Residential Real Estate

Amid a white-hot housing market, the National Association of Realtors hit its highest membership count ever last year at nearly 1.6 million.  No doubt, some of the 101,000 folks who joined up are experienced agents and brokers who hadn’t previously seen the need to...

Report Calls for End of Commission ‘Price Setting’

by Lew Sichelman | Jan 10, 2022 | Opinion, Residential Real Estate

Why is it that rookie agents who just received their licenses are able to charge the same fees as their colleagues – many of whom have decades of experience and have closed hundreds of deals?  Why is it that agents who bust their butts – not to mention, spend a ton of...

Expect New Homes to Keep Getting Bigger

by Lew Sichelman | Jan 3, 2022 | Opinion, Residential Real Estate

Square footage always increases in slow markets when the only people buying new houses are middle- and upper-income earners. But when the market speeds up, builders try to go smaller in an attempt to capture a larger share of sales.  This year, though, the story’s a...

Second Home-Shopping Season Starts Now

by Lew Sichelman | Dec 27, 2021 | Opinion, Residential Real Estate

If the winter holiday season now begins with Halloween, and the Super Bowl kicks off the spring homebuying season, when do people begin looking in earnest for second homes?   That starts the day after Christmas, according to the Private Community Registry, an online...

It Pays to Heed Performance Dates

by Lew Sichelman | Dec 6, 2021 | Opinion, Residential Real Estate

If you think the slog of going out week after week to find a house, and then beat competitors, is a marathon, get ready for the sprint.  Once a seller accepts your offer, the clock starts ticking on all the things you must do to be ready for settlement. Failure to...
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