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Monthly Archives: September 2022

    Cause to Pause

    By Mike Parker | September 25, 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

    Five Factors That Affect the Sale of Any Home

    By Mike Parker | September 18, 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 Mike Parker | September 12, 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 be met. The donor and donee can be... Read More

    Housing Affordability – Call to ARMs

    By Mike Parker | 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