Where Should You Invest the Cash For Your Next Down Payment?

Low Down Payment

Where Should You Invest the Cash For Your Next Down Payment? by Scott Trench | BiggerPockets.com By Scott Trench updated September 10, 2017 Investor Financing & Creative REI It’s a common question from folks saving up to buy their first (or next) rental property, house-hack, or primary residence: Should I keep my money safe in … Continue reading Where Should You Invest the Cash For Your Next Down Payment?

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10 Costly Home Repairs Your Insurance Might Not Cover

10 Costly Home Repairs Your Insurance Might Not Cover HOUSE RULES Homeownership is a goal for many, but the pride that comes with having your own place can be costly, especially when an unexpected problem rears its ugly head. Unfortunately, some home calamities can be extremely expensive to remedy, and many homeowners are surprised to … Continue reading 10 Costly Home Repairs Your Insurance Might Not Cover

There are no more low-priced homes

There are no more low-priced homes  Sales of both newly built and existing homes fell unexpectedly in July, and while it's just one month's data, it may be a signal that the housing market has hit an insurmountable hurdle. It is just plain too expensive. Home prices are higher at virtually every price point, but … Continue reading There are no more low-priced homes

This is why sales of new homes just tanked

This is why sales of new homes just tanked  Newly built homes are more expensive than they've ever been before. They are also more expensive when compared to similar existing homes than they've ever been before. And that is why sales are suffering, dropping an unexpected 9.4 percent in July compared to June, according to … Continue reading This is why sales of new homes just tanked

Sales of new homes tumble to a 7-month low

Sales of new homes tumble to a 7-month low Sales of new single-family homes unexpectedly fell in July, dropping to their lowest level in seven months, which could raise concerns of a slowdown in the housing market recovery. The Commerce Department said on Wednesday new home sales tumbled 9.4 percent to a seasonally adjusted annual … Continue reading Sales of new homes tumble to a 7-month low

Cash Making a Comeback

Cash Making a Comeback  Housing starts charted lower than anticipated during Q2, according to Freddie Mac’s August Outlook. which is putting a strain on the preferred home-buying route and forcing buyers to pursue alternative avenues. The report examines how today’s limited supply of homes has resulted in an amount of cash sales in lieu of … Continue reading Cash Making a Comeback

Household Debt Reaches Record High

Household Debt Reaches Record High Household debt jumped $114 billion over the second quarter of the year, according to the Household Debt and Credit Report released by the New York Federal Reserve’s Center for Microeconomic Data on Wednesday. Total household debt across the nation clocked in at $12.84 trillion at the close of the quarter—nearly … Continue reading Household Debt Reaches Record High

The Pros and Cons of a 15-Year Mortgage

The Pros and Cons of a 15-Year Mortgage Mortgage companies frequently pitch their 15-year mortgage ads online. And if you aren't running into ads, if you buy a house, you'll certainly be asked if you'd like a 15-year mortgage instead of the standard and conventional 30-year loan. All of which could make anyone wonder – … Continue reading The Pros and Cons of a 15-Year Mortgage

7 Things to Never, Ever Do When Buying a Home

7 Things to Never, Ever Do When Buying a Home By Daniel Bortz | Jul 26, 2017   AleksandarGeorgiev/istock Buying a home is exciting and terrifying. After all, this is the biggest financial move most people ever make. As such, there's a lot of room for error, and even tiny mistakes can translate to tens of thousands … Continue reading 7 Things to Never, Ever Do When Buying a Home

U.S. home sales fell in June; shoppers couldn’t find houses to buy

U.S. home sales fell in June; shoppers couldn't find houses to buy Homebuyers faced surging prices and a shrinking number of properties for sale in June — causing the pace of sales to fall. Sales of existing homes slipped 1.8% last month to a seasonally adjusted annual rate of 5.52 million, the National Assn. of … Continue reading U.S. home sales fell in June; shoppers couldn’t find houses to buy