Deciding to buy a home is about much more than numbers on a spreadsheet. While the financial value of a home can rise and fall over time, the memories created there are truly priceless. Still, buying a home is one of the biggest financial decisions you'll ever make, and it's natural to wonder whether now [...]
As we approach the halfway point of 2026, the Bishop real estate market continues to demonstrate strength despite higher interest rates and ongoing affordability challenges. While the pace of sales has slowed slightly compared to last year, home values have remained strong and inventory remains limited across much of the market. Home Prices and Sales [...]
While the value of a home—and the memories created in it—are “priceless,” purchasing a home is still a significant financial decision, especially given the volatility the housing market has experienced over the past decade. Locally, we have seen the median home price increase from $257,000 ten years ago to a peak of $517,500 in December [...]
In today’s dynamic real estate market, many homeowners are seeking ways to reduce their mortgage debt faster. Paying down your mortgage more quickly not only saves you money on interest but also accelerates your journey to financial freedom. As a real estate agent with a focus on financial empowerment, I’ve compiled some effective strategies to [...]
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 [...]
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.
Home buying can be a whirlwind and, unless you are a lottery winner or heir to a fortune, likely includes taking out a mortgage. Choosing the right mortgage loan for your budget includes assessing your income, lifestyle, credit history and qualifications. But it’s not just a matter of finding an affordable option – it’s also [...]
The promises of a reverse mortgage -- never having to pay a mortgage bill again and using your home's equity to finance retirement -- can sound too good to be true. It almost was too good to be true during the Great Recession, when more borrowers were withdrawing most of their home equity at closing [...]
