The 2022 Profile of Home Buyers & Sellers: 11 Takeaways The housing market shifted from a low-interest rate, low-inventory with bidding wars to a higher interest rate but still low inventory environment. By: Jessica Lautz Working With Buyers, First-Time Homebuyers, Working With Sellers Powered by WPeMatico
Instant Reaction: Jobs, November 4, 2022 Job gains in October saw 261,000 additional people receiving W-2 statement salaries; there are almost one million more workers now vs. pre-pandemic. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Fed Funds Rate, November 2, 2022 Even with the Federal Reserve raising its short-term fed funds rate by another large amount, longer-term interest rates look to move only slightly. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Mortgage Rates, November 3, 2022 The 30-year fixed mortgage rate fell to 6.95% from 7.08% the previous week and seems to have already priced in the Fed's higher interest rates. By: Nadia Evangelou Mortgage Financing Powered by WPeMatico
September 2022 Pending Sales Fall as Rates Rise September's pending home sales pace weakened 10.2% last month and fell 31.0% from a year ago. By: Michael Hyman Powered by WPeMatico
6 Things Home Stagers Wish RE Pros Knew About Staging November is Home Staging Awareness Month, and home stagers are setting the record straight about their services. Staging Powered by WPeMatico
A Clear Trend: Multifamily Construction Is on the Rise Data shows that there are more multifamily than single-family units under construction. By: Nadia Evangelou Multifamily Properties, Rental Properties Powered by WPeMatico
https://www.nar.realtor/magazine/real-estate-news/law-and-ethics/first-amendment-argument-wins-the-day Posted by: Byron King on 10/27/22 (This information is only accurate as of 10/27/22. You must contact SCR for updates and changes to this information after 10/27/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading NAR Update on Oregon Buyer Love Letter Trial/Appeals…Can do, but discuss fair housing risks
6% owners should file in January to gain a tax break (e.g., 25% valuation discount). Forget? Forgot? File in the next January. January is a government administration requirement for this issue. Many counties have the application form on their website. It may be tricky to find. Please alert all your 6% clients to this potential… Continue Reading Potential Tax Break for 6% property owners/investors…File in January’s
https://www.live5news.com/2022/09/16/moncks-corner-property-owners-see-15-percent-tax-increase/ Posted by: Byron King on 10/27/22 (This information is only accurate as of 10/27/22. You must contact SCR for updates and changes to this information after 10/27/22 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This… Continue Reading Moncks Corner Increases Property Tax Millage