By Jake Rasmusson, CA Broker Lic#01401464 In the Bishop, CA real estate market, a comparison between July 2023 and July 2022 reveals a mix of trends and changes: Total Properties Sold: The number of properties sold in July 2023 was 125, down from the 145 properties sold in July 2022. This represents a decrease [...]
https://youtu.be/6ddTRyJjBV8 In 2022, home prices in the Eastern Sierra continued the trend set the previous year, with a 6% rise in the median price from $452,500 to $478,000. This brings growth in the Bishop area median home price over the last five years to 48%. While prices were up, the number of properties [...]
Post by Jake Rasmusson, Master of Science Real Estate, e-Pro, RENE Many people are aware that interest rates have risen but the questions I am getting most are why are they going up and how long will this last? Inflation is the main economic factor causing interest rates to rise. Inflation is caused by [...]
There are significant signs that the national housing market is cooling off, fueled by rising interest rates and inflation. The downturn may slow down sales and price appreciation; however, the housing market is in a much better state than it was in 2008. The health of both the residential real estate industry and the underlying [...]
While many individuals are primarily focused on the fluctuation in current housing prices, many are failing to recognize the significant role interest rates play in the monthly, yearly and overall cost of their real estate purchase. Interest rates are currently near historic lows in the United States, which presents a significant opportunity for those looking [...]
As interest rates increase for home buyers, not only does the monthly payment go up, but so does the amount of income needed to qualify to purchase a home. Check out this example to see how interest rates affect a buyer's bottom line.
More than half of couples completing a remodeling project with a spouse or domestic partner admit to arguing during the process, and 3% even considered separation or divorce! See what couples argued most about and how to remodel-proof your relationship.
With housing inventory at record lows, finding the perfect house can take some time.
The Tax Cuts and Jobs Act was signed into law last December, carrying with it numerous changes to the tax law. The new law will affect individuals differently, depending on their property holdings and their locations. The three main changes to consider in evaluating the new law’s effect on the housing market are: • The [...]
When buying a home there is a lot to take into consideration. Often, buyers have to compromise and generally do not get everything on their wish list. Here are three items that Realtors recommend buyers not compromise on.