Why One Fearless Couple Is Banking Their Retirement on Real Estate Let me make something clear: I don’t expect to retire the conventional way. Why? Because the retirement of our parents and grandparents continues to be something millennials are putting in their rearview mirrors. We recognize that if we don’t take charge of our financial … Continue reading Real Estate for Retirement
Rates rise and fall, don't miss out when they fall! Mortgage Rates Fall Dramatically — What This Means for Homebuyers © Mikolette / Getty Images/iStockphoto couple admiring their new house with mortgage rates dropping The average interest rate for a 30-year fixed mortgage dropped to 4.34 percent from 4.40 percent on March 21, 2019. This … Continue reading Mortgage Rates Fall Dramatically — What This Means for Homebuyers
For millennials, this is the greatest hurdle to homeownership As far as Tatiana Skomski is concerned, the American dream is alive and well — although just beyond reach. Skomski, 24, lives with her boyfriend, K.J., and their dog, Lola, in Portland, Ore. They picture getting married, buying a house and starting a family. "It's a … Continue reading For millennials, this is the greatest hurdle to homeownership
How Much You Need To Earn To Buy A Home In America Today ~ Getting into the market to buy your first home? Or looking to move up? Don't be discouraged. Yes, housing prices have gone up, but so have wages so chances are that you are in a better position than you think you … Continue reading How Much You Need To Earn To Buy A Home In America Today
Mortgage rates throttle higher, but relief lies ahead So far this year, the 30-year fixed is still averaging 4.42%, down from 4.54% in 2018 Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers. The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, … Continue reading Don’t Get Scared as Rates Rise Slightly
Why California's new solar mandate could cost new homeowners up to an extra $10,000 Starting next year, every new home built in California will have something extra on top. Recently, California became the first state in the nation to make solar mandatory for new houses. Beginning in 2020, newly constructed homes must have solar panels, … Continue reading California’s New Solar
Where Are Millennials Buying Homes? – 2019 Edition Record high home values, stagnating incomes, the largest economic downturn in a century and record levels of student debt are just a few examples of the roadblocks between millennials and homeownership. All these factors have manifested in millennials’ inability to sock away enough cash in their savings … Continue reading Where Are Millennials Buying Homes? – 2019 Edition
Experts are throwing cold water on a 'housing collapse' There's no doubt that housing in the US has come under significant pressure over the past year. A lethal combination of rising interest rates and home prices - at a late phase in the economic cycle - has given way to weak mortgage-lending, climbing inventory, and … Continue reading Housing Collapse? Not Likely
As housing costs remain high, parents buy homes to give their kids a leg up When Laura Hameister and her family moved to a new home in the San Francisco Bay area more than a decade ago, she and her husband decided to hold onto their old house rather than sell it. Today, Hameister’s younger … Continue reading Mom, Dad Can you Buy Me a Home?
Apartment Owners: Let’s Do the Math With Maintenance Costs How much does it cost each year to maintain your apartment? For apartment owners, that answer contains two elements: what you pay to buy the place and what you pay each month to carry it. These two factors, in theory, exist on a sliding scale to … Continue reading Buyers – What are you paying in maintenance costs?