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Monthly Archives: September 2022

    The Growing Supply of Homes for Sale

    By Tim Beary | September 30, 2022

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    Cause to Pause

    By Tim Beary | September 27, 2022

    Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to come back down.  While it may be possible, the probability is that prices are going to continue to increase. On December 23, 2021, the 30-year fixed-rate, according to Freddie Mac, was 3.05% and is at 6.29%... Read More

    Top Reasons Homeowners Are Selling Their Houses Right Now

    By Tim Beary | September 23, 2022

    Top Reasons Homeowners Are Selling Their Houses Right Now Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current home. You may even have the same hesitation if you’re thinking about selling your house. Data shows 51% of... Read More

    Five Factors that affect the Sale of Any Home

    By Tim Beary | September 20, 2022

    Owners directly control four of the five factors that affect the sale of any home: price, location, condition, terms, and the agent you select.  The one thing you can’t control is the location of the home, but you can adjust the other factors to compensate for failings. The seller controls the price of the home which... Read More

    Gift Amount Increased for 2022

    By Tim Beary | September 13, 2022

    The limit for tax free gifts for 2022 is $16,000 and no tax is due to the donor or the donee.  There are provisions that would allow gifts higher than this amount providing the total lifetime gifts above the annual exclusion of $12.06 million for 2022 has not been met. The donor and donee can be... Read More

    Title: Beary Nice Homes dba BNH Realty to better serve customers

    By Tim Beary | September 9, 2022

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    Housing Affordability – Call to ARMs

    By Tim Beary | September 6, 2022

    Housing Affordability is negatively affected by both rising home prices and mortgage rates.  A 20% increase in nominal home prices and a 2% increase in the 30-year fixed rate mortgage since January have contributed to a 46 point drop in the NAR Housing Affordability Index. The Index was 143 in June 2021 and is 98.5 in... Read More

    4 Simple Home Improvements (You Can Do in a Weekend)

    By Tim Beary | September 2, 2022

    When your home is on the market, investing in simple improvements may be the key to attracting higher offers in a quicker time frame. However, if you have limited time and budget to work with, it can be difficult to identify which projects (if any) you should tackle. Here are a few ideas for easy... Read More