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Monthly Archives: October 2022

    Changing Needs

    By Tim Beary | October 28, 2022

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    Finding Funds for a Down Payment

    By Tim Beary | October 25, 2022

    A soft second loan, sometimes called a silent second, is subordinate to the first mortgage, whose payment is deferred or forgiven until a specific date or the resale of the property.  This would mean that buyers would not have to contend with regular payments thereby keeping their debt-to-income ratio lower and more affordable. While normal lending... Read More

    “Do you feel lucky? Well, do ya?”

    By Tim Beary | October 18, 2022

    You may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank robbers and is standing in front of the lone surviving thief who is considering going for his gun. Harry with his gun pointed at the bad guy says to him “”Did he fire six shots or only... Read More

    Great News!

    By Tim Beary | October 14, 2022

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    When will the market turn?

    By Tim Beary | October 11, 2022

    Housing affordability has declined dramatically in 2022 due to continued rising home prices and a three-percentage point jump in mortgage rates.  Based on the popularity of Google searches for “housing bust” or “housing bubble”, it could be surmised that buyers are anticipating relief, but they are probably not going to see it anytime soon. Home price... Read More

    Buyer Activity Is Down and Housing Inventory Is Up

    By Tim Beary | October 7, 2022

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    Another Tool to Improve Affordability

    By Tim Beary | October 4, 2022

    The rapid rise in mortgage rates during 2022 coupled with continued appreciation of home prices have limited the number of buyers in the market which is reflected by the lower number of home sales currently.  “It’s a fact that many households are impacted by higher mortgage rates as they no longer earn the qualifying income for... Read More