Fannie Mae Gets Rid Of Credit Score Minimum... Episode 245
Black Hole Of Real Estate Podcast
Release Date: 11/19/2025
The 2026 Crystal Ball Report... Episode 257
Black Hole Of Real Estate Podcast
The 2026 Crystal Ball Report... ...everything you need to plan out your real estate strategy for this year we have the receipts from last years forecast back in episode 152 check that out when you are done with this one and let me know how we did here are a few of the things that I see happening: Interest Rates will start the year hovering in the 6% range They will dip down below 5% shortly after the end of tax season There will be a new Fed Chair in May right after the April 28-29 Meeting Which makes the June 16-17 meeting the one to keep your eyes on Builders will...
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The Biggest Day For Expired Listings... Episode 256
Black Hole Of Real Estate Podcast
The Biggest Day For Expired Listings... ...Is December 31st It has been every year since I have been in the real estate business and it means that on January 1st a few interesting things are likely to happen real estate active listings will drop dramatically some sellers won't realize that they are off the market cold calling agents will be dialing for $$$ on New Years Day home sellers that "expired" will be getting a lot of calls some sellers will choose to "extend their listings" with their current agents the marketing is already in place there could very well be momentum from the end of...
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Why Home Buyers Should Close on December 30th... Episode 255
Black Hole Of Real Estate Podcast
Why Home Buyers Should Close on December 30th... ...There may very well be a property tax savings by doing so for the buyer it may also be a date that makes sense to the home seller for the very same reason which makes it a win-win situation qualify for the homestead exemption for the buyer start off the New Year in your new home for the buyer save a vacation day for the buyer due to the holiday capital gains tax rate locked in for seller addtional write offs for the seller if that's the case, then why not just close on December 31? its rather simple really numerous unforseen...
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Home Search Christmas Magic... Episode 254
Black Hole Of Real Estate Podcast
Home Search Christmas Magic... ... this is how some people are finding deals this holiday season let's face it - most people aren't looking at homes the week of Christmas and most sellers are facing the fact that their homes probably won't sell before the end of the year so here is how the Magic is happening there are sellers out there that will accept and offer now that they most likely wouldn't have accepted a month ago and most likely won't accept after the 1st of year most sellers just want to get under contract and start the new year off with that taken care of so they can move on...
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Your Listing Photos Are Too Nice... Episode 253
Black Hole Of Real Estate Podcast
Your Listing Photos Are Too Nice... ...and there are many times where sellers are overdoing it stay with me here as I explain what I see on a daily basis let's suppose that your home has a blemish or 2 and you think that a little trick photography might help so you choose to creatively avoid those things in the marketing photos it certainly will make your home look more attractive online but consider the fact that once a buyer enters the home the will notice the very things you didn't want them to see which ultimately creates a negative experience for them we hear comments all the time...
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How Long It Takes A Price Change To Make An Impact... Episode 252
Black Hole Of Real Estate Podcast
How Long It Takes A Price Change To Make An Impact... ...there could be immedidate results but what if there isn't a big increase in showings and offers it doesn't necessarily mean that it wasn't effective getting into the right price position is critical then you have only 2 levers left marketing and time and when the right marketing strategy is in place then it truly is just a matter of time with that in mind a price adjustment over the holidays could have a delayed result as we are entering a time where home buyers are making travel plans to go on buying trips right after the...
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Your Carpeting Is Hurting Your Sales Price $$$... Episode 251
Black Hole Of Real Estate Podcast
Your Carpeting Is Hurting Your Sales Price $$$... ...I know it sounds crazy, but hear me out on this one I realize that in many parts of the country carpeting is preferred by many homeowners especially as we enter the colder months of the year but I am here to tell you that Florida works differently and there sure seems to be an ever increasing trend where home shoppers are favoring homes with 1 type of flooring throughout the home and they are increasingly moving away from carpeting and towards tile and luxury vinyl options easier to clean doesn't trap pet odors better for those with...
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Interest Rates To Dip Below 6%... Episode 250
Black Hole Of Real Estate Podcast
Interest Rates To Dip Below 6%... ...its about to happen this week we have been saying this for over a year on this podcast and its all playing out as we have consistently projected here is how its going to happen The Fed is going to meet December 9-10 It is widely anticipated that they will drop rates by .25% and markets will be pricing that into current mortgage rates last week, the average rate for a 30 year fixed rate mortage was 6.19% and a 15 year note was at an average of 5.44% so with the Fed about to make a move of 25 basis points its likely that some lenders...
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How Home Buyers Are Winning in December... Episode 249
Black Hole Of Real Estate Podcast
How Home Buyers Are Winning in December... ...at a time when most have taken themselves out of the market For those that want to buy before the end of the year Or those that have buy right away There is a very simple winning formula So simple that most overlook it And they end up turning the process into a complicated science project Let's begin with the building blocks Have Your $$$ ready to go If you are a cash buyer Have your Proof Of Funds available If you are going to using a home loan for the purchase Get Pre Approved By A Reputable Lender Not just prequalified online with minimal...
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Why A Home Seller Is Putting Their Home On The Market Now... Episode 248
Black Hole Of Real Estate Podcast
Why A Home Seller Is Putting Their Home On The Market Now... ...When most home sellers are waiting until after the holidays For many people, this decision is a real head scratcher So let me walk you through their mindset on this and then you can decid if they are a bit crazy or if they are actually on to something smart and savvy Going live the 1st week of December has its advantages less competition as most people wait a month a chance to stand out to motivated December Buyers more feedback and time to make adjustments some just need to sell right now What happens after...
info_outlineFannie Mae Gets Rid Of Credit Score Minimum...
...which might have slid past a lot of people with so much other news recently
Loans submitted after November 15, 2025 are subject to the new rule
Prior to that, a minimum score of 620 was required
and for borrowers on the fringe of that number
this is really, really good news
the credit score models heavily weight collection items
and as "new credit events" they can dramatically drop scores 50-100 points
taking seemingly well qualified loan applicants out of the home buying game
and the crazy part is that it might just something like
a forgotten cable bill or medical billing for less than $100
the componenent of the mortage application
that continues to matter most is the debt to income ratio (DTI)
which is a comparison of a borrowers income (before taxes)
and their recurring monthly bills such as student loans, car loans, and credit card debt
45% DTI is the line in the sand for most loan programs
there are some compensating factors that may allow a 50% ratio
a qualified lender can be a real asset for those in that situation
lower interest rates would definitely help those with high DTI
as it would reduce the housing payment portion of the calculation
I don't see a downside to all of this
it's just great news
tune in for my tips to take advantage of this big change for home buyers