Ask Rey About Real Estate

Total existing home sales rise by 4.5% in June 2012 over last year, while prices rise 7.9% from a year ago to $189,400. This marks four back-to-back monthly price increases from a year earlier, which last occurred in 2006. Lawrence YUN, NAR chief economist noted  the more important story of decreasing inventory and prices, ...

“Please stop screaming sir. Yes, I didn’t expect the market to decline this much either. Yes, I have seen the news. Yes, I know the offer is not what you wanted, but I think it’s time to seriously consider selling now. I don’t know if you will get a better offer.” This is a conversation I actually had with a home ...

The Emergency Economic Stabilization Act of 2008 was signed by President Bush into law on October 3rd, 2008.   The Bill Will Help Homeowners and BorrowersThe Senate legislation responded to the criticisms that lenders have been slow and/or unwilling to work with homeowners and borrowers. It encouraged negotiation in short sales and ...

The phone rings, but no one picks it up. You know who it is, but you don’t want to talk to them, now or later. You know that they are calling about the mortgage payment. They all use the same dialogue. Have you sent out the payment already? Would you like to make that payment today? When do you think you will be making that payment?  ...

You'll get a season's worth of savings and peace of mind by taking a few steps in the fall to get your home ready for cold weather. So you've pulled your sweaters out of mothballs and found your mittens at the bottom of the coat closet. But what about your house -- is it prepared for the cold months ahead? You'll be a lot less ...