By Paul F. P. Pogue From Ask Angi A home appraisal can seem like a mysterious and opaque process—someone comes to your home, looks around, runs some numbers, and sends back a home value that may or may not match up to what you or the county assessor thinks it’s worth. Home appraisal is usually…
Foreclosures Are On the Rise in America as Inflation Squeezes Households
As the inflation-driven cost-of-living crunch continues to squeeze American households, foreclosures are on the rise, with May notching a 38 percent jump in repossessions and experts warning of more pain to come. Foreclosure-related filings—which include repossessions, scheduled auctions, and default notices—climbed 7 percent from April to May to 35,196 properties, according to the real estate data…
Investment Guru Grant Cardone Says ‘Quit Saving Your Money’ If You Want to Get Rich
Renowned investor and bestselling author Grant Cardone said that the key to getting rich isn’t saving more—but rather putting your money to work effectively. Cardone, whose net worth Forbes estimates at around $600 million, is a sought-after speaker on investment and personal finance, with over 7 million followers across platforms that include YouTube, Twitter, and…
A Quarter of Homes in Eastern Australia Purchased Without Mortgage in 2022
June 8, 2023
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AustraliaBusiness & MarketsCoreLogiceconomyGlobal Real EstatehomesinflationInvestmentPEXAreal estateWorld
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Over a quarter of residential properties purchased in Australia’s eastern states in 2022 were mortgage-free, indicating that a significant portion of the population was not affected by interest rate hikes. Property data firm PEXA has released a report that analyses residential property purchases in the states of New South Wales (NSW), Victoria and Queensland between…
‘Constrained’ Home-Purchase Activity: Mortgage Applications Register Fourth Consecutive Weekly Drop
June 8, 2023
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Business & Marketseconomyhigh mortgage ratesMarketsmortgage applicationreal estateUSUS NewsUS Real Estate
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Mortgage applications have fallen for the fourth straight week amid elevated mortgage rates, according to a recent report by the Mortgage Bankers Association (MBA). The volume of mortgage loan applications fell by 1.4 percent for the week ended June 2, on a seasonally adjusted basis, said an MBA press release on June 7. On an…
Few Industries Are Better for First-Time Investors Than Real Estate. Here Are 4 Proven Ways to Make a Profit.
By Ari Chazanas When it comes to investing, few sectors offer the level of profitability and stability that residential real estate does. For first-time investors, this venture can be a powerful tool to generate income and accumulate wealth. The real estate market, particularly the residential sector, has consistently proven to be a solid investment choice….
Skyscrapers and City Living Confirmed to Increase Stress Levels: Research
A person’s stress level can skyrocket because of the hustle and bustle of city living, new research has confirmed. A study by researchers from Bond University, Australia, has found that concrete jungles make our hearts beat faster, while quiet streets can boost creativity. The study measured people’s physical reactions to urban environments, like enclosed city…
Six Steps to Take Before Offering to Buy a Home
Dear Monty: We are first-time home buyers. We didn’t plan on buying a home for several years. We recently learned that we will soon receive a substantial gift. Our benefactor conditioned the gift on a home purchase. We both have satisfying careers and secure positions but need more knowledge or experience in buying a home….
How to Set a Fair Rent Price for Your Properties
By Dave Spooner Renting at below-market rates is a common problem among new real estate investors. How do you know what constitutes a fair rent rate? And what if that rate leads to vacancies or losses? Setting the right rent rate is a skill that requires practice. There are many things to consider in your…
Another Insurance Company Stops Offering Policies to Homeowners in California
June 5, 2023
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AllstateBusiness & MarketsCaliforniaMarketsreal estateRegional & State NewsRegional NewsState NewsUSUS NewsUS Real Estate
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Another major insurance provider has announced it’s no longer selling new policies for personal and business properties in California, becoming the latest insurer to reduce its footprint in the state amid inflationary pressures and growing exposure to wildfire risks. Allstate, the fourth-largest provider of casualty and property insurance in California, said in a statement obtained…
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