The Sale Price is Meaningless

The Sale Price is Meaningless

When I saw the headline in Forbes “Here’s Why Old Homes Suddenly Cost More Than New Ones,” I instantly thought I knew why. I love old homes; finally everyone agrees with me! The general public must now see the beauty of dated yet charming floor plans and the unique...
Mortgages: Just For Fun

Mortgages: Just For Fun

The luxury real estate market is like a funhouse mirror reflection of the general real estate economy. For example, it’s not affected by mortgage rates to the same extent as the general real estate market, since so many buyers pay cash. In fact, in last...
Should I Refinance?

Should I Refinance?

Last week, it looked like a home-buying stampede had finally been unleashed as borrowers rushed to take out loans after the recent drop in mortgage rates. Or so it seemed, since home loan applications reached their highest level since January. However, this is not...