Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

Monday Morning Coffee with Sonja - June 4, 2018

by Sonja Coffee
Monday morning coffee logo
 
 
 
 
(Scroll Down to get Your Real Estate News)
 
"It is time I stepped aside for a less experienced and less able man."
 
~ Professor Scott Elledge on his retirement from Cornell
 
MASTER OF THE UNIVERSE?
 
Today's quote has got to make you laugh. Professor Elledge had a clear concept of his intelligence and qualifications, but also a sense of humor about his confidence in himself (or lack of confidence in others!). Then his words make us start to think about how we perceive our own talents, and how unwilling we might be to "let go" of some of our control, meaning our control over our responsibilities and tasks - what we are expected to do and how well we are expected to do it.
 
What happens when the time comes to relinquish some of that control? Perhaps you have finally gotten to the point of needing an assistant or - horrors - to train someone else to perform your duties. Personal confidence is a superb trait, to be sure, but what happens when that confidence makes you feel like you're the only person in the world who can handle what you do? Maybe it's time for a reality check.
 
If you have these feelings, it's possible that you've already got too much responsibility in the first place. Sometimes it is very difficult to give up some of your responsibilities out of the fear that someone else will just "screw it up." Did you know how to do everything your job involves on the first day you started? A time always comes to let someone else learn how to do things, and allow them to help you if necessary.
 
Chances are that we all started out as "less experienced and less able," and along the way we surely made our own mistakes, learned and coped and ended up where we are today - Masters of the Universe! So don't worry about relinquishing some control - in the end it often proves to be better for you and for whomever needs to develop the experience that led to your own success!
I can't say too much about this inspiration this morning, as I struggle with control all the time. Letting it go and trusting others to do what needs to be done is one of the hardest things for me.....don't know why other than I'm a perfectionist (so I think) and I care so deeply that tasks get done correctly that I hinder others from their potential by giving them a chance, and maybe my vainness has something to do with it too by not wanting to look bad in others eyes..lol...  It's a work in progress for sure for me. Wishing you a fantastic week ahead! Join me in giving up some control and allowing others to learn, prosper and have a piece of the task. 
 
Blessings to you and yours, Sonja :) 

 
 
ON THE REAL ESTATE SIDE...
 
Will Home Prices Fall as Mortgage Rates Rise?
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year's end. Because of this increase in rates, some are guessing that home prices will depreciate.
 
However, some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates.
Mark Fleming, First American's Chief Economist:
"Understanding the resiliency of the housing market in a rising mortgage rate environment puts the likely rise in mortgage rates into perspective - they are unlikely to materially impact the housing market...
The driving force behind the increase are healthy economic conditions...The healthy economy encourages more homeownership demand and spurs household income growth, which increases consumer house-buying power. Mortgage rates are on the rise because of a stronger economy and our housing market is well positioned to adapt."
Terry Loebs, Founder of Pulsenomics:
"Constrained home supply, persistent demand, very low unemployment, and steady economic growth have given a jolt to the near-term outlook for U.S. home prices. These conditions are overshadowing concerns that mortgage rate increases expected this year might quash the appetite of prospective home buyers."
Laurie Goodman, Codirector of the Housing Finance Policy Center at the Urban Institute:
"Higher interest rates are generally positive for home prices, despite decreasing affordability...There were only three periods of prolonged higher rates in 1994, 2000, and the 'taper tantrum' in 2013. In each period, home price appreciation was robust."
Industry reports are also calling for substantial home price appreciation this year. Here are three examples:
Bottom Line
As Freddie Mac reported earlier this year in their Insights Report, "Nowhere to go but up? How increasing mortgage rates could affect housing,"
"As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices."
Are you or someone you know looking for an investment property? Below is a link and info to a property I just listed for sale. Please share if you know someone who may be interested. Thank you. :) 
 
Click on link for more info and photos.  
 
Great investment property in the city of Upland. Opportunity to live in one and rent out the other 3. Unit A has 3 bed/2 ba with new central air, new carpet, new dishwasher, fireplace, private covered back patio and more. Unit B has 1 bed / 1 ba with private patio, new carpet, new stove/oven, 2 A/C wall units newer vanity. Unit C has 2 bed / 1.5 baths with private patio, new Kitchen counter tops, new carpet, new dishwasher, 3 wall A/C units, newer vanity in bath. Unit D has 2 bed / 1.5 baths, new kitchen counter tops, new carpet newer vanity. All 4 units have ceiling fans and maintained nicely. This property has been in the same family since 1967. Each unit has their own enclosed garage space with automatic garage door and lots of street parking available. Community laundry room and well-manicured yard. Conveniently located and close to shopping, restaurants, parks malls and entertainment. Just minutes to the Metro Link and 10 and 210 Fwy. Call today! There aren't many opportunities like this one that come up for sale. The time Is now to invest in this gem of a property! Click on the link above for more info and photos.
 
Please keep me top of mind when you, a family member, neighbor or co-worker needs a professional, honest Realtor to assist them with their real estate needs.  I thank you in advance for your faith in me to serve your referrals with the utmost care, courtesy and excellent service. 
 
 
Want To Know How Much Your Home Is Worth? Go Towww.MySmartHomeValue.com
  I'm  here to help with all your Real Estate needs, I'm just a call/text or email away. 

Will Home Prices Fall as Mortgage Rates Rise?

by Sonja Coffee

Will Home Prices Fall as Mortgage Rates Rise?

Will Home Prices Fall as Mortgage Rates Rise? | MyKCM

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.

However, some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates.

Mark FlemingFirst American’s Chief Economist:

“Understanding the resiliency of the housing market in a rising mortgage rate environment puts the likely rise in mortgage rates into perspective – they are unlikely to materially impact the housing market…

The driving force behind the increase are healthy economic conditions…The healthy economy encourages more homeownership demand and spurs household income growth, which increases consumer house-buying power. Mortgage rates are on the rise because of a stronger economy and our housing market is well positioned to adapt.”

Terry LoebsFounder of Pulsenomics:

“Constrained home supply, persistent demand, very low unemployment, and steady economic growth have given a jolt to the near-term outlook for U.S. home prices. These conditions are overshadowing concerns that mortgage rate increases expected this year might quash the appetite of prospective home buyers.”

Laurie GoodmanCodirector of the Housing Finance Policy Center at the Urban Institute:

“Higher interest rates are generally positive for home prices, despite decreasing affordability…There were only three periods of prolonged higher rates in 1994, 2000, and the ‘taper tantrum’ in 2013. In each period, home price appreciation was robust.”

Industry reports are also calling for substantial home price appreciation this year. Here are three examples:

Bottom Line

As Freddie Mac reported earlier this year in their Insights Report“Nowhere to go but up? How increasing mortgage rates could affect housing,”

“As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”

Displaying blog entries 1-2 of 2