John L. Scott Real Estate
Sunday, December 16, 2018
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Wednesday, July 31, 2013

There’s been a lot of talk lately in markets across the country about a new housing bubble. A bubble is defined as period of time where the value of something — in this case, property — is based on ungrounded speculation of its future worth. The fast switch to a sellers’ market in many areas plus rising home prices and shrinking inventory have many people speculating that real estate values are climbing irrationally high. But that may not be the case.

 

Posted by dawnmitchell at 7/31/2013 7:24:00 PM
Friday, June 14, 2013
Posted by dawnmitchell at 6/14/2013 2:56:00 PM
Wednesday, June 12, 2013

Mortgage rates are rising.... They are projected to be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. Certainly, rising rates are bad news for buyers and some potential homebuyers will be pushed out of the market. For example, the number of renter households that have sufficient income to buy a $177,000 home at a 3.5 percent mortgage rate is 17.8 million. The number drops to 14.9 million at a 5.0 percent mortgage rate, which is a decline in percentage terms of 16 percent. 

Posted by dawnmitchell at 6/12/2013 5:23:00 PM
Saturday, June 1, 2013
Tuesday, May 14, 2013

1.  Dirty

2.  Bad odor

3.  Outdated fixtures

4.  Wallpaper

5.  Poor curb appeal

6.  Clutter

7.  Overpriced!

Posted by dawnmitchell at 5/14/2013 6:17:00 PM
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