A woman’s credit score dropped 100 points after she opened a Home Depot charge to purchase a $9 can of paint. She made a TikTok video to warn other buyers.
It’s likely more Canadians will snowbird in Fla. this year, but they must be fully vaccinated to return home – or even to vacation in a different Canadian province.
Systemic racism is hard to define, but a study found that many educated Black and Hispanic buyers have trouble buying a home because they owe larger student loans.
If you pay a vendor to handle Facebook for you, make sure you know how that vendor will handle a disruption like the outage that happened on Oct. 4 under your agreement.
Fannie Mae’s index dropped 1.2 points in Sept. More consumers (66%) thought it was a bad time to buy a home while only 28% believed it was a good time to buy.
To be successful, treat it like a business. Keep a cushion of several months’ expenses to carry the property’s costs in case of any issues like a non-paying tenant.
In the biggest 20 U.S. metros, you could save an average of $194K going from a 4-bedroom to a 2-bedroom home. Miami metro downsizers were 5th on the list for savings.
CoreLogic: Homeowners with mortgages – about 63% of all U.S. properties– saw a 29.3% annual increase in equity, averaging out to a gain of about $51.5K per borrower.
The average 30-year fixed-rate mortgage decreased slightly this week, easing to 2.99%; it was 3.01% last week. The 15-year FRM averaged 2.23% this week.
Remote work sparked demand for short-term housing with flexible terms. Some estimate the number of workers who remain fully remote will eventually top out at about 20%.
Such a solution is needed to “maintain stability and faith in the American economy,” said NAR Pres. Charlie Oppler, following a meeting at the White House.
A real estate leader and role model who knew how to “light up a room,” the former Florida Realtors president and NAR president died Aug. 4, shy of his 92nd birthday.
Mortgage rates remain historically low. However, industry observers say borrowers should not misinterpret the surge last week as being the last one in 2021.
RealtyTrac: 48% of individual RE investors see the investment market as worse than a year ago; and 57% of investors cite lack of available inventory as a top concern.
More buyers are turning their attention to condos and townhomes these days. Realtor.com’s top 10 list for growth in condo and townhouse prices includes six Fla. cities.
Think millennials don’t care about homeownership or just want to live in the city? Those are myths. The majority of millennials buy homes in the suburbs for instance.
Fed Reserve of Atlanta: The median U.S. household currently would need 32.1% of its income to cover the mortgage on a median-priced home, the highest since 2008.
Emergency management professionals advise you to check your insurance, call your insurance company and find out what’s covered under your policy. And if your home is flooded, hire a mitigation firm to vacuum out water as soon as possible.
Financial experts suggest carefully evaluating monetary, personal comfort and family needs when considering downsizing upon retirement. Weigh the pros and cons.
