I talk to buyers every day who are this close to pulling the trigger, and then they freeze. The two stories I hear most: “The sky is falling – prices are about to drop.” “Rates will go down soon – then I’ll buy what I really want.” Let’s unpack both, then I’ll show you a […]

Let’s bust the rumor I hear all the time: “If you move back into your old home for two years, you get the full $500,000 home‑sale exclusion.”   Truth: Two years gets you eligible for the exclusion, but the IRS can still prorate your gain because of the years you didn’t live there after 2008. […]

I’ve had a few things come up lately that are worth sharing, as they can help you have more intelligent conversations with clients and potentially uncover new opportunities.   Assumable Loans: FHA & VA I get asked almost weekly: “Is my loan assumable?” If it’s a conventional loan, the answer is no. If it’s an […]

I speak with many homeowners who have a low rate now and want to make a move up, but the new payments are too high to justify the price differential. This is the question I get from many homeowners who are trying to upgrade their home: “If my new home only costs $200,000 more than […]

Yesterday, the Fed announced a 0.25% rate cut. On paper, that means lower rates on equity lines of credit, car loans, and credit cards. Sounds great, right? The reality? It doesn’t have a significant impact on mortgage rates. Yesterday was a perfect example. When the Fed made its announcement, Treasury yields were sitting at 4.02%. […]