If you're a homeowner, you know that paying off your mortgage can take decades. While it's a significant financial commitment, it doesn't have to be a burden for the full term of the loan. Paying off your mortgage faster can save you money on interest and give you the freedom to focus on other financial
The real estate market has taken a big hit in the last few months, both for buyers and sellers. But another group that has been hit is real estate professionals. Following substantial hikes to the funds rate to curb inflation, mortgage rates have risen to their highest levels since 2002. At just over 7%, the
If you have extra income or funds to invest, you may realize that there’s an overwhelming number of investment choices out there. One investment option you shouldn’t overlook is owning an apartment building. Here are five reasons why owning an apartment building is a great investment. Capital Appreciation Your investments should increase in value
You've probably heard that living near excellent schools or having curb appeal can boost the value of your home. However, a home's value is dependent upon a lot of different factors. Some of these things are more obvious than others. Things that might seem insignificant can have an impact on your home's worth. Here are some surprising things that can affect the existing value of your home or how much a buyer is willing to pay for it.
Under the Jumpstart Our Business Startups (JOBS) Act, which was signed into law by President Obama on April 5, 2012, the Securities Exchange Commission (SEC) relaxed the rules about advertising investments. This allowed the trend of crowdfunding to expand dramatically giving real estate investors more opportunities for pooled-funds investing.
Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller's 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.
The "Golden Girls" trend got its name from the popular television sitcom about four elderly women who live together to share expenses. It is becoming a popular way in real life for elderly adults to share homeownership and it has many benefits.
Recent advancements in technology continue to disrupt the real estate market. This includes the use of "Big Data" for data mining, artificial intelligence combined with machine learning, augmented and virtual reality, use of drones, blockchain technology, and the ongoing deployment of 5G.
According to data compiled by Realtor.com in the fourth quarter of 2019, it is still more affordable overall to rent versus buy a home -- but just barely. The median monthly mortgage payment at the end of 2019 was $1,600, while the median monthly rent payment was $1,319. This is largely due to steadily-increasing rates, rising home prices, and near-record-low mortgage rates.
There are two times when it is best to buy a home. When you have to buy one and when you can afford to buy one. In general, owning a home is better than renting one because you are building up equity for yourself, instead of throwing your money away by helping the landlord buy the property with your rent money.
There are lots of people out there who are searching for options for mortgage relief. A quick search will reveal options for programs such as FMERR and HARP; however, many of the articles regarding these programs are a bit outdated. This makes them misleading. Sometimes, people might think they can apply for these programs when, in reality, they cannot. These programs have expired. Fortunately, there is another option for HIRO.
The COVID-19 (Coronavirus) pandemic has impacted every industry across the country. Many people are being asked to shelter in place and everyone has been asked to practice social distancing to try to curtail the spread of this deadly virus.