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In this episode of How to Buy a Home, I will explain important concepts related to Earnest Money. In most real estate transactions, earnest money will be required by the Seller from the Buyer as part of the real estate contract. I'm going to answer several questions related to earnest money that most people ask me when buying a home.
The housing market seems to continue to be in the doldrums. Inventory is lower than usual, yet homes are staying on the market longer. What is behind this unique housing market we're in? Mortgage interest rates. In this episode I'll explore where rates are likely headed, what the foreclosure rate is and housing affordability.
Would you buy or sell a home in these market conditions? Why or why not? Leave your response below or contact me directly.
Don’t hesitate to get in touch with any questions or if you need help with real estate.
Best regards,
Sean
In this episode of How to Buy a Home, I explain the financing side of a real estate transaction. I discuss how to find a lender and what is involved when I am working with a lender in helping you buy a home.
While there has been a drastic change from last year at this time, we are seeing a milder trend developing in our most recent market. I cover the changes year over year and month over month so that you can see how the market is trending.
April 2023 Market Update is here. See the recent stats as I compare year-over-year data with month-over-month data so you can see how the trend is changing. I highlight where mortgage interest rates are at and forecast which direction they will likely move in the latter half of the year.
We are a couple of months into 2023 and now we can start to see some potential changes in the market. In this episode, I review the local market data as well as point out the inflation rate and recent changes in mortgage interest rates, with a forecast of what we can expect later this year.
Here is a link to my recent blog post, Mortgage Rates-Where Are They Headed, that takes a closer look at what causes mortgage rates to fluctuate and which metrics give us an idea of where things are headed.
Want to see the podcast on my Youtube Channel, Real Estate on the Front Range? Click here - March 2023 Market Update.
Questions or need help with real estate? Feel free to contact me!
As we get into 2023 and after reviewing market forecasts, many are wondering what the real estate market will actually do. In this episode I highlight what is happening in the market by the numbers as well as what is happening out on the street. I also cover the market shift from last Spring until now, using charts that will help you to see how rising mortgage interest rates are impacting the real estate market.
Here is the latest market update for Northern Colorado. I discuss how the market is trending and highlight how mortgage interest rates are the lowest in 4 months!
Sean Gilliam is a real estate agent with LoKation Real Estate in Northern Colorado. Sean can be reached at [email protected] or by phone at 970-313-6706. For additional content see Sean’s Youtube channel or to search for properties see his web page.
Interested in buying a home or selling your current home? Sean is committed to your success. Give him a call at 970-313-6706 to get started.
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