Money, including how we use and borrow it, has changed dramatically in just the past decade. Traditional payment methods are now peer-to-peer, contactless, and mobile versus cash, check, or plastic. We have primarily the internet and technology to thank for the new ways we conduct transactions. Now, imagine the future of money in real estate…
I’m Not Doing That
Dear Dave, My wife and I are empty-nesters, and our house is too big for just the two of us now. We talked about selling the house and moving into an apartment in a multi-use development with retail and restaurants that we go to several times a week, then in a year or so, buying…
Housing Prices Near All Time High Of 2006
American mortgages holders saw their collective tappable equity, the amount owners have available to borrow against a home while retaining a stake of at least 20 percent, increased by a record $1.2 trillion in the first quarter of 2022, according to Black Knight’s Mortgage Monitor Report released on June 6. Mortgage holders have gained a total…
70% American Seniors Need Long-Term Care. Reverse Mortgage Can Help
Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home—and the equity in it, giving them the potential option of a…
3 Golden Rules for Starting a Real-Estate Investment Business
By Michael Ligon There are numerous ways to create, develop, and begin a new real-estate business. While it may sound easy, creating a long-lasting profitable business is hard. According to data from the Bureau of Labor Statistics, as reported by Fundera, a staggering 70 percent of business eventually fail. What can you do to ensure your real-estate business…
The Real Estate Market Crash Is Coming Sooner Than You Think
Is the market going to crash? Everyone jostled by the news the housing market could crash has every reason to be worried. And why is that so? Because when the last time the housing market sored like this—it sparked a great recession that left many in financial ruins. The Real Estate Market Crash is Coming…
Study Finds Non-Homeowners Are Pessimistic About Buying Homes Despite Cooling Prices
A new study conducted by Chartered Professional Accountants of Canada (CPA Canada) finds that Canadians who don’t own homes think home ownership remains far out of reach despite prices cooling slightly across the country. CPA Canada says half of non-homeowners surveyed believe it’s unlikely they ever will buy a home, 21 percent think it’s very…
US Home Prices Surged Over 20 Percent in March 2022: Case–Schiller Index
Home prices in the United States soared in the month of March with major cities seeing an increase in prices, according to the latest results from the S&P CoreLogic Case–Shiller Indices. The Case–Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, registered a 20.6 percent annual gain in March 2022,…
Inflation of US Housing Market Slows Down as Higher Mortgage Rates Shrink Demand
The rate of home price inflation in the United States is expected to decline to about 10 percent by the end of 2022 and slow even further over the next two years, as high housing prices and increased mortgage rates push out prospective buyers, according to a Reuters poll on May 31. Forty-year high consumer…
Leaks, Termites, and Cracked Foundations: Skipping Home Inspections in a Competitive Market Is Tempting — and Risky
By Michaelle Bond The Philadelphia Inquirer The woman had just bought a house an investor flipped in Montgomery County. She skipped a home inspection to compete against other buyers and, a couple months ago, she asked inspector Ben Poles to take a look. As part of his usual examination, Poles, who owns Rest Assured Inspections in…
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