Morrie Finkelstein's Blog Posts

BIDDING WARS ABOUND HOW LONG WILL THEY CONTINUE

Bidding Wars Abound… How Long Will They Continue? Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the

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US HOUSING INVENTORY CRUNCH CONTINUES LIST YOUR HOUSE

U.S. Housing Inventory Crunch Continues… List Your House Today! Every winter, families across the country decide if this will be the year that they sell their current houses and move

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If Youre Considering Selling ACT NOW

If You’re Considering Selling, ACT NOW!! Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are

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Gap Between Homeowners Appraisers Narrows To Lowest Mark In 2 Years

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another%

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Existing Home Sales Reach Highest Annual Pace In 11 Years

Some Highlights: Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006. The inventory of existing homes for sale has dropped year-over

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RENTS ARE ON THE RISE DONT GET CAUGHT IN THE RENTAL TRAP

Rents Are On The Rise: Don’t Get Caught In The Rental Trap! There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your

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HOUSING PRICES ARE NOT HEADING FOR ANOTHER CRASH

Housing Prices Are NOT Heading For Another Crash As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the

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Top 4 Home Renovations For Maximum ROI

Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement

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7 Reasons To List Your Home This Holiday Season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide

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Net Worth Of Homeowners 44X Greater Than Renters

368 Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. 

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4 REASONS TO SELL THIS FALL

4 Reasons To Sell This Fall  Some Highlights: Buyer demand continues to outpace the supply of homes for sale! Buyers are often competing with one another for the listings that are

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WHICH HOMES HAVE INCREASED IN VALUE THE MOST

Which Homes Have Increased In Value The Most? Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Reportfrom the National Association

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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 is required to

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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 latest U.S.

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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 surveying 1,000

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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 group in 2017 and

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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 home. Homeowners, in

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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 projecting that home

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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 sound more your

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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 locking in your

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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 hovered around 4% for

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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 buyer demand is

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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 friends and family

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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 complicated and fraught

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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 your ultimate.

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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. Median existing home

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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 will be no different

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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 market. There are two

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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. In their living

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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 normal levels

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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 yearly estimate of a

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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 foundation repair could

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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 With an asking

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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 marketplace where

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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 “Love it or List,”

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Yes Its Still More Affordable To Buy Than Rent

County:   Palm Beach More Affordable to Buy or Rent?:   BUY MSA:   Miami-Fort Lauderdale-West Palm Beach,

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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 – many are

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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 clean up your

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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 agent3. Buyers:

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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: Josh KlinaStand

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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 their home. The

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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 the mortgages

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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 like bathrooms—are

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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 estate

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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 making the

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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.Eighty-three

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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 the one we saw

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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 Landscape Professionals

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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 sellers has a six

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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 step” toward

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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 today is NOT a good

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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 save and find other

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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 lopsided housing-market

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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 excellent news for young,

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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.And they would be

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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 current home and moving

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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-step process for

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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 boost home’

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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 sale. Realtor®

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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 housing data released

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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 all washed away? Is

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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 relocating their

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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 spaces, with grays

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