According to a recent article written by Devon Thorsby for usnews.com, the increase in home purchase and rental prices are causing many to be displaced from the neighborhoods they have lived in for years. The article is filled with valuable information including ways to fight being forced from your community by becoming a more active member in it.
It is often said that location is the most important aspect to consider when purchasing a home, however for many the decision is driven by size and amenities. Both location and size are crucial factors, but which is more important to you depends on what matches your lifestyle.
Median home prices are on the rise in America, with the current median home price at $295,000. Many potential home buyers presume they need a 20% down payment, which causes them to think they can’t afford to buy a home. While 20% down may be a standard, there are several home mortgage loan programs that require little or no money down.
Investing in real estate is not the right choice for everyone, and investing in commercial real estate is not the right choice for many. However, it may be the right choice for you. If you have already purchased a home or two, and you have considered investing in residential or commercial real estate, we encourage you to read the following articles:
A recent article from Realtor.com provides great news for California homeowners as it reveals a 12.3% annual increase in California home equity values. According to the article other states that were leaders in the nation for increased home equity are Washington, Nevada, Hawaii, and Massachusetts.
Most homeowners today have considered adding solar to their home. The federal government and some states offer incentives to encourage property owners, both residential and commercial, to consider this upgrade to their property.
As pricing for home purchase or renting a home or apartment have continued to rise over the past few years, many potential buyers are turning to the Tiny Home Trend as a more affordable alternative.
Federal Housing Finance Agency, the U.S. regulator that oversees Fannie Mae and Freddie Mac, recently announced their plans to discontinue a controversial program that subsidized loans for firms that invest in single-family rental properties.
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With Home Rental prices soaring, we wanted to share this article from CNBC.com. Ms. Olic makes a very good point; when it is time to buy your new home consider their idea of keeping your existing home and renting it out!