Gordon Castle

There are a couple major problems facing prospective home buyers this year. One is rising interest rates and the other is a lack of inventory. From the Washington Post: https://www.washingtonpost.com/news/where-we-live/wp/2017/05/15/low-inventory-of-affordable-homes-is-yet-another-barrier-for-millennial-buyers/?hpid=hp_hp-cards_hp-card-realestate%3Ahomepage%2Fcard&utm_term=.1cdd5f4b82e2

Analysis | Low inventory of affordable homes is yet another barrier for millennial buyers While overall inventory is down 15 percent, the number of homes priced less than $500,000 is down 26 percent.

To refi or not to refi, that is the question. From today's Washington Post: https://www.washingtonpost.com/news/where-we-live/wp/2017/04/19/four-criteria-to-help-you-determine-whether-a-mortgage-refi-will-save-you-more-than-it-will-cost-you/?hpid=hp_hp-cards_hp-card-realestate%3Ahomepage%2Fcard&utm_term=.f6053db0f64e

Four criteria to help you determine whether a mortgage refi will save you more than it will cost you REAL ESTATE MATTERS | If you get all four of these things, it's a 'home run' refinance. Go ahead and do it.

Doing an Open House this Saturday & Sunday, 1 to 4 PM. Come on down! Free cookies & water. Check out the house, and see if it meets your needs. 2012 Kellogg Ave, Corona

This should be a no-brainer. If you purchase a property be sure to show up for the final inspection. Jus' saying. https://www.washingtonpost.com/news/where-we-live/wp/2017/03/27/why-you-should-always-inspect-a-home-before-closing/?hpid=hp_hp-cards_hp-card-realestate%3Ahomepage%2Fcard&utm_term=.620fdf3043d4

Why you should always inspect a home before closing REAL ESTATE MATTERS | If the residence isn't in tiptop shape, you'll have more leverage before settlement to get things in order than afterward.

To me, homeownership is a cornerstone of the American Dream. Owning a home seems to moving away for most Americans. This is the latest from the Bloomberg News:https://www.bloomberg.com/news/articles/2017-03-23/renters-now-rule-half-of-u-s-cities

Renters Now Rule Half of U.S. Cities The American Dream increasingly involves a lease, not a mortgage.