Bob Ramalho

Berkshire Hathaway - Verani Realty

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BoRam Contracting

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Bob has been a local business owner for over 30 years providing finish carpentry, custom staircases, and architectural woodwork for the residential and commercial building trades, as well as new home construction and remodeling. Bob understands the home buying/selling and building process and has a unique perspective with his new construction background.
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Bob Ramalho September 7, 2021

What’s Ahead For Mortgage Rates This Week – September 7, 2021

Last week’s economic news included readings on home prices from Case-Shiller; readings on construction spending and pending home sales were also released. Weekly data on mortgage rates and jobless claims were also released. Case-Shiller Posts New Record for Home Price Growth in June U.S. home prices continued to gain at record levels in June according to S&P Case-Shiller Home Price Indices. The National  Home Price Index rose from May’s seasonally adjusted annual reading of … [Read more...]

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Bob Ramalho September 3, 2021

The Average Length Of Homeownership For Most Families

It is critical for everyone to find a home that is right for them. Given the current lack of inventory, this can be a significant challenge. Fortunately, the National Association of Realtors (NAR) keeps track of numerous market aspects, including how long the average family stays in a home. For the past few decades, the average family has stayed in their home for approximately six years; however, during the past few years, that average has gone up to nine years. This means that the average … [Read more...]

Filed Under: Real Estate Tagged With: Economy, Home Ownership, Real Estate

Bob Ramalho September 2, 2021

A Comprehensive Home Maintenance Checklist For The Homeowner

There are many people who purchase a home with a target monthly payment in mind. This monthly payment usually includes major expenses such as the monthly mortgage payment, real estate taxes, and homeowners’ insurance. At the same time, there are other costs as well, such as home repairs and maintenance. In general, homeowners should budget between one and three percent of the home’s value every year to cover typical maintenance and repairs. This does not include renovation expenses, … [Read more...]

Filed Under: Real Estate Tagged With: Home Improvement, Home Maintenance, Homeowner Tips

Bob Ramalho September 1, 2021

Case-Shiller: June Home Prices Higher

S&P Case Shiller Home Price Indices reported new record gains for home prices in June. The National Home Price Index rose by a seasonally-adjusted annual pace of 18.60 percent as compared to May’s home price increase rate of 16.80 percent. Home prices were 41 percent higher than they were during the 2006 housing boom; home price growth was driven by high demand for homes coupled with short supplies of homes for sale.   20-City Home Price Index Posts Month-to-Month Home Price Gain … [Read more...]

Filed Under: Financial Reports Tagged With: Case Shiller, COVID19, Home Price Index

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