DEBBIE BURNESS REAL ESTATE GROUP
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JUST CLOSED!
JUST CLOSED! Another happy buyer! Clients appreciate how I help them save time by referring contractors and coordinating the repair work. I love helping clients reach their goals! ———————————————Debbie BurnessREALTOR®, CRS, CIPS, SFRDRE 00873190Compass———————————————
“Do you feel lucky? Well, do ya?”
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… Continue Reading ““Do you feel lucky? Well, do ya?””
When will the market turn?
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… Continue Reading “When will the market turn?”
Another Tool to Improve Affordability
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… Continue Reading “Another Tool to Improve Affordability”
Cause to Pause
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… Continue Reading “Cause to Pause”
Five Factors that affect the Sale of Any Home
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… Continue Reading “Five Factors that affect the Sale of Any Home”
Gift Amount Increased for 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… Continue Reading “Gift Amount Increased for 2022”
Housing Affordability – Call to ARMs
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… Continue Reading “Housing Affordability – Call to ARMs”
Surviving Spouse Sale Period
Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along with their basis, and it does not trigger a taxable event. Unfortunately, the capital gain exclusion is reduced to a single person’s share unless… Continue Reading “Surviving Spouse Sale Period”
Are prices and rates going to continue to rise?
One of the most talked about questions in the real estate market has to do with "Will prices continue to rise now that interest rates have increased dramatically this year?" It is understandable to think that if the Federal Reserve is using interest rate… Continue Reading “Are prices and rates going to continue to rise?”
DEBBIE BURNESS REAL ESTATE GROUP 