By James Harris Real estate is a great investment for many reasons. You can enjoy an excellent rate of returns, amazing tax advantages, and leverage real estate to build your wealth. Here are the top five reasons why real estate is a great investment. Real Estate Provides Better Returns Than the Stock Market Without as Much…
How to Apply Warren Buffett’s Investment Approach to Real Estate
By Chris Estey At just 11 years old, Warren Buffett learned one of his first lessons about investing. He bought three shares of stock at $38, which quickly dropped to $27 before slowly creeping back up to $40. Young Buffett sold the shares for a small profit. Later, that stock jumped up to $200 a share….
Mortgage Payment Costs Rise 45 Percent This Year, Worsening Home Affordability
The monthly mortgage payment for a typical home in the United States for new buyers has climbed by 45 percent or about $600 over the previous year, according to the estimates by the National Association of Realtors (NAR). In April, the average monthly mortgage payment for a single-family home increased to $1,900, based on a…
When Does It Make Sense to Refinance Your Mortgage
If you’re a homeowner with an existing mortgage, you might think you’re all set. But just because you have a mortgage locked in doesn’t necessarily mean it’s the best mortgage for your situation. Refinancing is a cost-effective and logical option in many cases, particularly in a market with low interest rates. What Does it Mean…
Home Listings Spike as Sellers Look for Buyers While Prices Remain High
May 27, 2022
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Business & Economyeconomyhome listingshome priceshousing marketmortgage interest ratesreal estatesingle-familyUSUS Real Estate
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There has been an increase in home listings during recent weeks as sellers jump to cash in on the current high home prices. New listings climbed almost twice as fast for the four weeks ending May 15 compared to the same period in 2021, according to a May 19 press release by real estate brokerage…
Is the American Dream of Home Ownership Vanishing?
How much money do we really need to buy a home, and can we afford it? These are questions that real estate agents and mortgage professionals hear every day, and the answer is always the same—it all depends on many different factors. Sheetal Sawhney, originating branch manager at CrossCountry Mortgage’s office in North Bergen, New…
US Mortgage Applications Drop as Home Prices Soar
Rising mortgage rates in the United States are hitting the housing industry hard, as several areas in the market are seeing declines, according to the May 24 weekly survey from the Mortgage Banker’s Association for the week ending May 20. The Market Composite Index, a measure of demand for mortgage loan applications, slipped 1.2 percent on a…
Sales of New Homes Sink Over 16 Percent as High Prices, Rising Mortgage Rates Weigh on Buyers
New home sales in the United States fell over 16 percent from March to April, well below analysts’ forecasts as rising mortgage rates and high prices discouraged buyers from taking the plunge. New home sales tumbled 16.6 percent to a seasonally adjusted annual rate of 591,000 units last month, the lowest level since April 2020,…
Second Mortgage: What Do You Need to Know?
When you include a down payment with your mortgage loan to pay for a new home, those funds you included are your investment in your home. In order to reduce your mortgage payment as much as possible, your down payment is perhaps as large as you could afford. For most home buyers, the down payment…
How to Reduce Taxes When You Sell Your Home
If your home’s value has soared, congratulations. If you decide to sell, beware. Financial advisor James Guarino says some clients don’t realize that home sale profits are potentially taxable until their returns are prepared—and by that time, they may have spent the windfall or invested the money in another house. “They’re not happy campers when…
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