Morrie Finkelstein's Blog Posts

Morrie Finkelstein's Blog Posts

No You Do Not Need 20 Down To Buy NOW
The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what ...

Thinking Of Selling Your Home Competition Is Coming
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the lat...

More Than Half Of All Buyers Are Surprised By Closing Costs
According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.After...

Should I Buy Now Or Wait
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HEY MILLENNIAL HOMEOWNERS IT MAY BE TIME TO SELL
Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age gr...

HOUSING INVENTORY HITS 30YEAR LOW
Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream hom...

HOMEOWNERS YOUR HOME MUST BE SOLD TWICE
Homeowners: Your Home Must Be Sold TWICEIn today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecti...

DO YOUR FUTURE PLANS INCLUDE A MOVE WHATS STOPPING YOU FROM LISTING NOW
Do Your Future Plans Include A Move? What’s Stopping You From Listing Now? Are you an empty-nester? Do you want to retire where you are, or does a vacation destination s...

BE CAREFUL NOT TO GET CAUGHT IN THE RENTAL TRAP
Be Careful Not To Get Caught In The Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by l...

US Housing Inventory Hits A New Low List Your House TODAY
Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.Mortgage rates have hover...

Thinking Of Selling You Should Act NOW
If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buye...

3 QUESTIONS TO ASK BEFORE YOU BUY YOUR DREAM HOME
3 Questions To Ask Before You Buy Your Dream Home If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your fr...

25 Tips For Firsttime Home Buyers
Buying a home can be a nerve-racking experience, especially if you're a first-time home buyer. Not only is it probably the biggest purchase of your life, but the process is complic...

5 Reasons To Hire A Real Estate Professional When Buying Or Selling
Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to...

Inventory Challenges Continue
Some Highlights: After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Medi...

Buying This Spring Be Prepared For Bidding Wars
Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year wi...

Again You Do Not Need 20 Down To Buy NOW
A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing mark...

Take A Peek Inside 19 Living Rooms In Actors Homes
For Architectural Digest, by Melissa Minton.When actors are not on location for an upcoming movie or television show, they retire to their high-design homes around the world. ...

How Rising Rates Will Impact Home Prices
Americans have, so far, stood resilient to rising mortgage rates, but a bigger impact will come soon, say Goldman Sachs economists. Housing’s share of the economy rose above...

Palm Beach County Local Market Update January 2017
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Are Property Taxes Included In Mortgage Payments
Paying property taxes is inevitable for homeowners. The amount each homeowner pays per year varies depending on local tax rates and a property’s assessed value (or a ye...

Do A Foundation Check 5 Things To Watch For
Take a closer look at the home’s foundation before buying, says Matt Stock, president of U.S. Waterproofing, based in the Chicago area. An undisclosed structural founda...

THE MOST EXPENSIVE HOUSE IN THE UNITED STATES COSTS 250 MILLION
But that includes a helicopter, $30 million worth of rare automobiles and seven staff members. Berlyn Photography BYSAM DANGREMOND JAN 19, 2017 ...

Why PreApproval Should Be Your First Step
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive ma...

5 Myths About Real Estate Reality TV Explained
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Lo...

Yes Its Still More Affordable To Buy Than Rent
County:   Palm Beach More Affordable to Buy or Rent?:   BUY MSA:   Miami-Fort Lauderdale-West Pal...

5 Ways The Housing Market Will Be Different In 2017
The end of a year always has people wondering what the next will bring. And after a year like 2016 – with its political upsets, social uncertainty and international instability ...

Palm Beach County Local Market Update
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Top 10 Benefits Of Buying A Home Do You Know Them All
By Margaret Heidenry | Dec 13, 2016   Noel Hendrickson/Getty ImagesBuying a home may be the American dream, but it’s also a monumental task: You have to ...

Trying To Invest In Real Estate Check Out The Top 10 Best Real Estate Tips For 2017
Every Investment needs research and skills. Check out the Top 10 best real estate tips for 2017 1. First-time homebuyers: Get that starter home now2. Sellers: Hire the right a...

You Cant Detect These 4 Household Odors But Your Guests Can
SPOTLIGHTYou Can’t Detect These 4 Household Odors, But Your Guests CanYou’re nose blind to your home’s odors. Here’s how to find and eliminate the smelly culprits.Image:&nb...

Keep Germs Out Selling During Flu Season
DAILY REAL ESTATE NEWS | TUESDAY, NOVEMBER 15, 2016Cold and flu season is in full swing and your homesellers may be worried about the germs that buyers leave behind when they visit...

What If A Possible Listing Has A Reverse Mortgage
SEBRING, Fla. – Nov. 9, 2016 – What if a possible listing has a reverse mortgage?My answer to this question applies to the HECM program administered by HUD, with investors in t...

To Sellers Its Time To Face That Dated Kitchen
For home owners who are putting their house on the market, they may want to take a closer look at their kitchen. It can become a deal-breaker for buyers.“Dated kitchens—just li...

Strong Buyer Demand Continues To Outpace Inventory Of Homes For Sale
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real ...

Mortgage Rates By Decade Compared To Today
Some Highlights: The interest rate you secure for your mortgage greatly influences your monthly housing costs. In the 1980s, 30-year fixed mortgage rates averaged in the high 12s...

What It Means To Be A Good Neighbor
Ninety-nine percent of Americans say they’re a good neighbor, finds a new survey by the Community Associations Institute, a community association governance and education group.E...

5 Stats That Prove The Real Estate Market Is Getting Stronger
Whenever there is talk about an improving housing market, some begin to show concern that we may be headed toward another housing bubble that will be followed by a crash similar to...

Outdoor Remodeling Happiness And Financial Returns
Homeowners looking for a remodeling project should head outside, according to a new report from the National Association of Realtors® (NAR) and National Association of Landsc...

Do You Know The Impact Your Interest Rate Makes
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South Fla Homebuyers Frustrated By Shortage Of Listings
 A scarcity of homes for sale is rattling buyers, emboldening sellers and pushing prices higher in South Florida.Analysts say a market balanced equally between buyers and sell...

HOME Survey July 2016
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Win For REALTORS Senate OKs Condo Legislation
DAILY REAL ESTATE NEWS | FRIDAY, JULY 15, 2016The National Association of REALTORS® is celebrating a long-sought victory, calling the Senate’s latest action a “significant ste...

When Is It A Good Time To Rent Definitely NOT NOW
People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that toda...

How Does Housing Help Build Family Wealth
As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to sa...

Wall Street Journal Housing Recovery Picks Up Steam
The first paragraph of the article says it best: “Home prices are back to near-record highs across the U.S. amid rising demand and supply constraints, a sign that the lopsi...

FHA May Be Reopening Doors To Condo Financing
WASHINGTON – May 23, 2016 – Could the Federal Housing Administration (FHA) finally be opening its doors again to financing more condominium units? If so, that could be excellen...

A Buyer In The Hand Is Worth Two In The Bush
In today’s highly competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court.An...

4 Reasons To Move Up To Your Dream Home This Spring
Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your curre...

Tiny Change Big Impact Closet
Transform your crammed walk-in closet into an inviting, organized space. All you need is a spare weekend and some simple storage items. Expert Meg Ricard takes us through her three...

Judge The Lawn Beyond Curb Appeal
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4 Factors Boosting Housing This Month
1. Low mortgage rates: Mortgage rates have moved lower this month and are hovering near the lowest averages in the past three years. Lower mortgage rates help b...

Buyer Cheat Sheet For A Sellers Market
In a seller's market, home buyers need to be willing and able to act fast to snag the home they want. This spring, areas across the country are facing a limited number of homes for...

Flas Housing Market New Listings Median Prices Rise In March
ORLANDO, Fla. – April 20, 2016 – Florida's housing market reported higher median prices, more new listings and fewer all-cash closed sales in March, according to the latest hou...

3 Ways Sellers Can Show Off Outdoor Space
DAILY REAL ESTATE NEWS | WEDNESDAY, APRIL 13, 2016Take a close look at your listing from the eye of a home buyer. Are the bushes overgrown around the front windows? Has the mulch a...

Signs Of A Bad Moving Company
About 16.5 million households – or 38.7 million Americans – move annually. But Americans need to carefully screen those who help them move to make sure all goes smoothly in rel...

This Is The Hottest Color In Home Decor
White still remains the top seller when it comes to color for most home furnishings but gray may soon edge it out. Home owners are reaching for shades of gray to decorate their spa...


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