Blog - Tim Morissette

Blog

 

Mortgage Watch | May 22, 2018

Homeowners Plan to Pump over $13B in Tax Savings into the Housing Market: Both current homeowners and renters plan to use their tax savings in the housing market. Zillow estimates both homeowners and renters could put $13.2 billion in tax savings directly into the American housing market in 2018, using some of their tax cut to rent or buy... (more)

Mortgage Watch | May 14, 2018

Wage growth helps to boost housing affordability If the adage about rising tides lifting all boats is true, then it comes as no surprise that rising incomes have been helping to offset recent increases in mortgage rates, offering a boost to housing affordability in the first quarter of this year, the National Association of Home Builders/Wells... (more)

Mortgage Watch | May 02, 2018

More homeowners mean fewer renters According to the National Association of Realtors, rising wages, loosening credit standards and demographic shifts are combining to create momentum for owning a home rather than renting one. With the homeownership rate rising for the fifth consecutive quarter, it held steady at 64.2%, unchanged from the... (more)

Mortgage Watch | April 23, 2018

Serious buyers face stubborn homeowners If you’re already a homeowner, do you wonder why you keep getting unsolicited snail mail asking if you have any interest in selling your home? Wonder no more. The gains in home prices are getting bigger as the supply of homes for sale gets leaner, and buyers and their agents are hoping-hoping-hoping... (more)

Join Us for a Free Paper Shredding & E-Waste Recycling Event

• A giant paper shredder TRUCK with shredding specialist that are bonded & employed by: OC SHREDDING • An opportunity to clean your files and dispose of them safely to prevent identity theft • Bring all papers containing sensitive information, especially your Social Security number, account numbers and birth dates • Refer to your... (more)

Mortgage Watch | April 9, 2018

Eager buyers faced with hesitant sellers Home sales are still going strong, and the National Association of Realtors says they could have been even higher if there were more homes for sale. It seems there is a critical shortage of listings, especially in higher price ranges. And out in the trenches, homebuilders are struggling to keep up... (more)

Mortgage Watch | March 19, 2018

Lack of inventory continues to push prices higher It’s a great time to be a seller, but not such a thrill being a rookie buyer. Soaring home prices and the shortage of properties on the market are taking a toll on beleaguered first timers. The share of first-time homeowners fell to just 29% of all existing home buyers in January, according... (more)

2018 Community Garage Sale

HERE’S WHAT I NEED FROM YOU: 1) Call or email me that you will be participating 2) Price your items before the sale 3) Open your garage early and display your items 4) Collect your cash! Tim’s Tips on Having a Successful Garage Sale 1) Set up your “store” the night before. Clean your “sales” area and arrange items in an organized and... (more)

Market Action Report

Lake Forest Single Family Residence January 1, 2017-January 31, 2018 Property Sales: January property sales were 29, down from 38 in January of 2017 and -32.6% lower than the 43 sales last month. January 2018 sales were at their lowest level compared to January of 2017 and 2016. January YTD sales of 29 are running -23.7% behind... (more)

Mortgage Watch | March 12, 2018

More taxes equals more homes for sale? Sounds bizarre but Vancouver, British Columbia is going to try just that. You see, they have the same problem that we have here in the US, tight inventory. With inventory levels so low, they have been struggling to find a way to get inventory controlled by “hoarders” back into the marketplace. Vancouver... (more)

Get the most from your holiday rental

I believe that. In fact, I know that. Starting my start-up career at Zillow (see this for some perspective) was a very good and very bad pre-cursor for my entrepreneurial journey over the past few years. It was great in the fact that I now KNOW building a technology business at massive scale is possible; I’ve seen it done from the inside. Most people seriously... (more)

The Future Of Real Estate Commissions

When it comes to real estate, it’s all about location. But when it comes to staging a home to sell the highest possible price, the importance of location applies to more than just the street. The placement of your furniture and accessories can make or break a room and potentially even a sale. The look and feel of a space is created by the way the various items... (more)

7 Home Reno's That Will Increase Your Resale Value Big Time

You want to make the most money possible when it comes time to sell your home. The way to do that is by improving and updating the things in your home that buyers look for the most. We compiled this list for those looking to boost their resale value. It’s important to focus on the renovation projects that will net you the highest ROI. All of the projects... (more)

Should I Rent or Buy a Home?

Choosing whether to rent or own a home is not an easy decision. It requires you to carefully examine the factors and costs associated with each option. Which is better? That depends. Your unique economic situation, lifestyle and goals play the largest part in deciding what is better for you. It’s important to go into your calculations with open eyes. As... (more)

Things You Shouldn't Do When Buying a Home

The last thing in the world you would ever want is to spend a bunch of time searching for a home, finding that perfect place and then not being approved for your mortgage. There are also many common mistakes homebuyers make that could make the process much more painful than it has to be. We’re writing this article because we know how stressful it can be... (more)

Pin It on Pinterest