If you’re preparing to buy a home, you’ve probably been saving up for the down payment and other closing costs. But if that nest egg can only get you through the front door, it may not be enough. Once you own the home, you also own its peeling wallpaper, aging water, heater, and the carpet…
How Home Improvement Funds Upgrade Your New House to a Home
April 4, 2022
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Brightbuy homeEstatehome improvementshome warrantyinvestingpersonal financereal estateWealth Management
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Vancouver’s March Home Sales up 27% Since February: BC Real Estate Board
The Real Estate Board of Greater Vancouver says home sales picked up between February and March but are still down from a year ago. The B.C. board says last month’s sales totalled 4,344, a 27 percent increase from 3,424 homes sold in February 2022 and a 24 percent decrease from the 5,708 sales recorded in March 2021. The board attributed some of the decrease…
US Home Listing Prices Rose in February, Increasing Competition for Housing
Competition for homes in February among U.S. buyers for this spring heated up for the second month in a row, after news that mortgage rates will go up through 2022, according to OJO Labs, which runs the Movoto by OJO real estate search site. It said that 39.9 percent of homes have sold for more than…
Mortgage Refinance Demand Falls After Rates Rose Higher
March 30, 2022
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Business & EconomyeconomyinflationInvestmentmortgage ratesmortgage refinancepersonal financereal estateUSUS Real Estate
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U.S. mortgage applications have decreased 6.8 percent from the week before, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 25. The drop in applications comes as mortgage rates rose for another week, hitting current borrowers who were applying to refinance, but demand from homebuyers still…
Real Estate Investor and Best-Selling Author Discusses Impact of War, Bureaucracy, and the Pandemic on US Property Markets
March 29, 2022
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Business & EconomyInvestmentLifestyleMarketsreal estatereal estate developerTravel & Discoverytravel storyUSUS economyUS Real Estate
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In a wide-ranging interview with The Epoch Times, renowned real estate investor, music composer, and bestselling author Philip Nicozisis shared his insights on the impact of the pandemic and the Ukraine war on commercial and residential property markets, while venturing into loftier topics like the importance of free markets and the preservation of civil liberties….
Will Cryptocurrency Buy Your Next Home?
March 28, 2022
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Business & Economycrypto mortgagecryptocurrencyhousesInvestmentMarketspersonal financereal estateUSUS NewsUS Real Estate
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Bitcoin, Ethereum, Tether, Dogecoin, and Cardano are just a handful of the digital currencies that have been slowly edging their way into our financial system as the cryptocurrency craze spreads throughout the globe. People are using these forms of digital money to purchase everything from hamburgers to hotel rooms and now, apparently, even the American…
What Lies Ahead for the US Housing Market
Commentary The historically hot U.S. real estate market is at a crossroads. The Federal Reserve finally raised interest rates in March in an effort to combat soaring inflation. The average mortgage interest rate has, unsurprisingly, also increased to the highest level since 2019. After average 30-year rates hovered in the 3 percent range in 2021,…
A Remarkable Malibu Seaside Estate Hits the Market
Perched on a bluff overlooking the white sands of El Sol Beach, this private getaway truly is one of a kind. Set behind privacy gates on three manicured acres, the estate’s stunning two-story white stucco villa has four lavish bedrooms, with 5 1/2 bathrooms. On the ground floor of the 7,450-square-foot home, a cavernous great…
China Real Estate Stocks Climb Amid Debt Defaults Crisis
China property shares rose dramatically after China proposed countermeasures to prevent risks in the debt-ridden real estate sector at the latest financial stability meeting. The scale of capital invested in the stock market was an extraordinary sign, Chinese media said. According to Chinese financial media Times Weekly on March 18, it seems that a financial…
A New Real Estate Agent Questions Her Decision
Dear Monty: I am a new agent. A relative asked me to co-list their home with an agent they knew. We both work at the same brokerage. I was to receive a portion of the listing commission with the split between us skewed toward the experienced agent. The experienced agent was to train me, be…
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