Author Archive

Happy New BeginningsArticles by: Bernice Sim

Happy Birthday, America!

03 Jul

Have you ever journeyed to a destination – perhaps a mountain peak, a lake, or a forest – and been awestruck – energized by the view? Perhaps you stood there taking it all in and reveling in the beauty of the moment. Maybe time stood still just then. Maybe your eyes drank in the sight and recorded the details in your brain.

Father’s Day 2020

19 Jun

Father’s Day is upon us and, on this day, right now, we pause to consider and celebrate fathers. Fathers across the nation prepare to open presents of socks, ties, and maybe a new power tool. Grills will be fired up, and dads may request their favorite meals and (possibly) get control of the remote control. This year things are a…

Housing Market Positioned to Bring Back the Economy

27 May

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes:which sectors of the economy will drive its recovery?There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they…

Memorial Day 2020

25 May

The unofficial start to summer. In normal times, a four-day weekend for most. Aromas of grilled meats wafting through the air. Echos of kids playing outside. This year, this year is different. This year we, as a nation, are in a battle against an enemy that is only .02 to .05 microns big. We also struggle against the ideology of…

Understanding Mortgage Forbearance

13 May

Let’s do some (simplified) mortgage math!—————————————— Tim has a mortgage which is currently $1,500 per month. Tim gets laid off, calls the servicer, and asks for forbearance. In one phone call, he gets 6 months “off” from paying. Seven months later, Tim is finally back to work, and hasn’t been able to save any money during the forbearance. Forbearance is…

Recession? Yes. Housing Crash? No.

27 Apr

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread…

Three Reasons Why This Is Not a Housing Crisis

10 Apr

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a…

5 Simple Graphs Proving This Is NOT Like the Last Time

25 Mar

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf,Director of Economic Researchat the real estate consulting firmMeyers Research, addressed this point in arecent interview: “With people having PTSD from the…

How Interest Rates Can Impact Your Monthly Housing Payments

10 Mar

Spring is right around the corner, so flowers are starting to bloom, and many potential homebuyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor. Freddie Mac explains: “If you’re in the market to buy a home, today’s average mortgage rates are something to…

Make the Dream of Home ownership a Reality in 2020

31 Jan

In 1963, Martin Luther King, Jr. led and inspired a powerful movement with his famous “I Have a Dream” speech. Through his passion and determination, he sparked interest, ambition, and courage in his audience. Today, reflecting on his message encourages many of us to think about our own dreams, goals, beliefs, and aspirations. For many Americans, one of those common…

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