When I started writing this real estate column in June 1971, the average mortgage rate was 7.53 percent, according to Freddie Mac. The median home price was $26,100. Today, the trend is definitely upward, with occasional short-term dips to remind us of the market's volatility.Read More »
An unprecedentedly high proportion of home sales involve all-cash transactions in today's market. According to a National Association of Realtors' report, all-cash offers account for 33 percent of home sales, with international and investor buyers taking the lead.
Tagged with: National Association of RealtorsRead More »
“Shared equity” arrangement is a concept worth considering by every real estate investor and buyer.Read More »
RESPONSE FROM A READER: You recently answered a question about whether property taxes would go up if someone was removed from a deed. In Michigan, property taxes are capped and cannot be substantially raised unless there is a transfer of ...Read More »
DEAR BENNY: I am a real estate lawyer in practice for over 36 years and in the last three months encountered a new situation which I find troubling. Both closings I conducted were lot purchases as part of a construction-to-permanent ...Read More »
DEAR MR. BERKO: About two years ago, our good friends of 19 years, who are also our next-door neighbors, hired a new money manager. Seeing as these folks tend to be very critical and often find fault with many professionals ...Read More »