You may or may not be aware of the upcoming changes in real estate transactions. Those changes are imminent following the resolution of significant class action lawsuits involving sellers and the National Association of REALTORS® along with numerous leading real estate firms nationwide. These changes will have implications for sellers, buyers, and agents alike. There […]
The average sale price of homes has appreciated at a rate of 5.56% annually over the last 60 years, according to the Federal Reserve Economic Data. During that same period, rent has increased at a rate of 3.88% annually which presents quite the compelling argument in favor of homeownership. Once you sit down and study […]
If you’re a baby boomer, you’re gracefully riding the waves of aging. You’re also setting new trends in the housing market, as you have “given birth” if you will to a new housing trend which experts are calling the “Silver Tsunami”. This isn’t about changing an address – it’s about a lifestyle transformation which is […]
There can be so many reasons as to why homeowners aspire to have their home paid for. Some of those reasons can include no mortgage payments, financial security, debt reduction, to lower expenses, retirement planning, financial freedom, legacy planning, no risk of foreclosure and reduced stress. And, believe it or not, there are more. Every […]
House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others. If you’re thinking about becoming a rental mogul, starting early is an advantage. Not only will you have longer to accumulate a larger portfolio, but you can also increase the leverage on the first owner-occupied acquisitions. Leverage is […]
American homeowners have a record amount of equity in their home. Many of these homeowners would like to cash out part of that equity but don’t want to trade an historically low interest rate for one that is as high as it’s been in 20 years. Instead of refinancing their home, an option is to […]
I’m sure you’re aware, but your home is not just a place to live. Your home is a valuable asset that can serve as a financial resource when you need it most. There are many important advantages to homeownership, but one in particular is to build equity over time, which can be accessed in various […]
Many homebuyers are frustrated by the low inventory and are discovering that they are finding what they want in new construction homes. The obvious advantage is that they are fresh and new, have never been lived in, and and can be personalized to an individual’s taste and needs. Yes, new construction homes can be more […]
Just think of this scenario – you’re on the verge of securing a mortgage, and a slightly higher credit score could mean a lower interest rate. Want some good news? There’s a quicker way to make that possibility a reality. Mortgage loans are often more time-sensitive than other loans. If you find yourself in a […]
Don’t let today’s real estate market scare you. If you are in a financially stable position, now might be the perfect time to embark on your homeownership journey. Buying a home today offers several advantages, including the opportunity to build equity and stabilize your housing costs in the face of rising expenses. Explore the reasons […]
