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Mike Stott

The 3 Factors That Affect Home Affordability Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: “. .…
Mike Stott
January 24, 2023
Want To Sell Your House? Price It Right. Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains: “. . . some of the more prominent…
Mike Stott
January 23, 2023
Think Twice Before Waiting for 3% Mortgage Rates Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

Think Twice Before Waiting for 3% Mortgage Rates

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some…
Mike Stott
January 17, 2023
What Past Recessions Tell Us About the Housing Market Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

What Past Recessions Tell Us About the Housing Market

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts…
Mike Stott
January 16, 2023
The Truth About Negative Home Equity Headlines Now In Real EstateProperty Management BlogTiny HomesUncategorizedUp-to-date Mortgage Info

The Truth About Negative Home Equity Headlines

Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you…
Mike Stott
January 10, 2023