It’s no secret inflation is ravaging through the world. In fact, the CPI likely rose 0.6% last month, probably the fastest rate of increase in three decades. Consumers are feeling the surge pricing in everything: gas, airfare, hotels, used and new cars, and food. The dovish Fed will begin to taper bond purchases later this
Jobless claims took an unexpected turn higher last week in a potential sign that the wintertime omicron surge was hitting the employment picture. Initial filings for the week ended Jan. 15 totaled 286,000, well above the Dow Jones estimate of 225,000 and a substantial gain from the previous week’s 231,000. The total was the highest
A “Sold” sign stands outside a home following a snow fall in Geneseo, Illinois. Daniel Acker | Bloomberg | Getty Images Closed sales of previously owned homes in December fell 4.6% to a seasonally adjusted, annualized rate of 6.18 million units, according to the National Association of Realtors. Sales were down 7.1% year-over-year. Still, December
In this article BKI jayk7 | Moment | Getty Images The number of borrowers who could benefit from a mortgage refinance just dropped dramatically thanks to fast-rising interest rates. The average rate on the 30-year fixed loan has jumped more than 50 basis points since the start of this year, cutting the number of refinance
For the first 30 minutes of the co-op board interview, the Frenchton — a mix between a Boston terrier and a French bulldog — was a little angel. But as the minutes ticked past and the dog’s drugs started to wear off, her owner got nervous. “She gets excited when she meets new people, so we gave
Buy if you dare. A castle in Scotland said to be haunted by Sir Andrew — aka the Baron of Earlshall, who lived in the home in the 17th century — is up for sale with no particular asking price. Over the years, visitors of the castle have claimed to have heard the footsteps of
There’s a “big risk” of real estate companies filing for insolvency when interest rates rise, according to a partner at consulting firm Kearney. Nils Kuhlwein pointed out that the global financial crisis of 2008 started with a real estate and housing price bubble and mortgage defaults in the United States. “What we are now seeing
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates are rushing higher, and last week that caused a major divergence in mortgage demand. Refinancing continued to dry up, but homebuyers appear to be rushing into the
Fixer-upper is an understatement. An abandoned San Francisco townhouse with zero bedrooms, mismatched floors, boarded up windows and a staircase that just might collapse on a windy day has sold — for a shocking $1.97 million. “This the worst house on the best block,” the candid listing for the home on 320 Day St. states.
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VALUE ADD MULTIFAMILY REAL ESTATE INVESTING STRATEGY / In this video, I explain the strategy of value add multifamily real estate investing, why professional real estate investors use the value add strategy to have greater control of their multifamily deals, and walk you through how the value add strategy can have a significant impact on
House in this video: https://www.zillow.com/homedetails/404-Jane-St-Vestal-NY-13850/29767678_zpid/
Location is the most important aspect of Real Estate because it is the one thing you CAN’T CHANGE. Bad cosmetics, bad hardware, and even a bad floor plan can be addressed with enough time and money – but that freeway or airport isn’t going anywhere. Yes, this is common sense. Yet every single home buyer
Are you considering taking advantage of the Housing Market and selling your house before the next Housing Crash? Should you sell your house now or wait? What do you need to consider when selling your house? When is the best time to sell a house? In this video, we discuss the thought process behind selling