HGTV's My First Place Casting Now!

The oh so popular HGTV that airs the My First Place real estatetv show is currently casting for new first time home owners in various cities.

Click Here To Apply Now! 

Home Owners Charged With Discrimination

Just released today from Washington, DC about  home owners in Chicago allegedly stated to their agent and broker that they do not want to sell their home to African Americans. By the way, the African couple offered $1.7 million and it was stated that it was the highest offer in the last two years the home was on the market. Charges have been brought against the home owners, agent and brokerage company (read the article to find out the names of the famous buyers and the brokerage company).

I know the Fair Housing Laws very well and as a real estate agent when I hear sellers discriminating I go the other way. For an agent getting involved with home owners that discriminate can ruin their careers.

But what about the buyers? Imagine trying to buy a home and the seller refuses you not because of your offer but because of your race. These home owners must be crazy to turn down a high offer like $1.7 million during a recession, I'm just saying.

Read the entire article here and find out which real estate brokerage got involved and who the famous buyers are. 

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Is The Job Market Affecting The Housing Market

The job market and the housing market can either make the market boom or kaboom!
Even though there are low home prices and record low interest rates, potential buyers are scared of losing their jobs.


There are people just scared stiff to buy because they are afraid of losing their job, some lose their job after they go into contract, and you also have those that just purchased and lose their job not to long after the purchase.


Now I'm not saying this so you don't buy a home in the best market you will probably ever have in your lifetime. I am trying to say that you have to be prepared to buy a home and know that your employment is solid and long term. Also, it's very wise to make sure you still have money saved up after you make a purchase. This is not one of those where you can buy a home and be house poor afterwards, you have to be financially ready.


When the housing market increases then there will be even more people out there buying homes and taking advantage of this incredible market. Until then, only the most qualified people that have saved their money and are continuing to make income will reap the rewards for now.

Are you running scared from buying a home or have you been able to benefit from this down market? Leave a comment.

Interest Rates Are At All Time Lows

Whether you are thinking of buying your first home, an additional home or looking to refinance there's no better time like the present. The interest rates are at an historical low and if you have the capability to invest in real estate or refinance your home and lock in a fixed rate this is the time to do it.

Bankrate.com has noted that national averages are in the low 4% range for both conventional and FHA loans for a  30 year term. As an investor in real estate it's huge for you to strike while the iron is hot and to pay the lowest mortgage possible.

I encourage my buyers to buy now if it is financially possible because the amount of money they will save on the cost of the house and the interest rates will leave them sitting pretty. Many of my clients are also investing in a second or third home because once the numbers are calculated the house is either paying for itself or there's a very small monthly mortgage.

Investing is the keyword here, you buy when prices and rates are low and if you want you sell in a high market......it's just common sense.

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