“I Can’t Afford To Buy a Home.” Housing affordability is at one of its lowest points in over a year. This is despite a dip of mortgage interest rates. So, even though interest rates have decreased from a year ago, it’s still more expensive for the average homebuyer to purchase a home. In today’s housing
The Miami home where Al Capone took his final breath in 1947 after suffering a heart attack is being saved from demolition after a spirited campaign by locals was launched to preserve the estate. The property traded hands for a whopping $15.5 million, records show, on Sept. 24. The sale comes only weeks after it
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My 2020 Real Estate Investment Strategy I Hamza Ali I discuss my plans on how to handle investing for the rest of 2020. This strategy might not be for everyone but this is how I plan on investing moving forward for the rest of this year and maybe even in the early parts of next
https://www.freedommentor.com/government-shutdown-affect-real-estate/ How exactly does a government shutdown affect real estate? So long as it doesn’t drag on too long, the main and immediate impact is the slow down or temporary postponement of the origination of some mortgages and other real estate loans. And that can be very significant since most real estate closings involve a
In this video, my team and I visit Detroit Michigan which is a brand new market for me! We will walk a few properties we have under construction, meet our property management team for the first time, and we will be going through the numbers for each house we have under construction, giving tips along
On our last video (https://youtu.be/nbaI6yyRU0M), we discussed reasons on how and why you should buy a house right now. But in this video, we will be telling you why you should WAIT on buying a house. Confusing? Let this video give you a clear perspective on what is happening in the market right now and
After two consecutive decreases to pending home sales in the US, contract signings increased once again. Is this a sign that the housing market is going to take off once again or will this increase be temporary? In today’s housing market update, I discuss the latest real estate market news and I also share the
People walk past office buildings in midtown Manhattan on May 7, 2021 in New York City. Angela Weiss | AFP | Getty Images Before the pandemic, it would take Rob Byrnes at least 15 minutes to wait in line and grab a quick lunch at a fast-casual restaurant in midtown Manhattan. Now, in the minority
Fans of the popular Canadian series “Schitt’s Creek” finally have their chance to own their favorite pieces from the show — such as a Rosebud Motel room key and the signature oval-shaped glasses worn by Dan Levy. Well, game pieces, that is. On Thursday, the Emmy-winning comedy — which tells the story of the Rose
A pedestrian crosses a road in front of residential buildings in Beijing, China. Qilai Shen | Bloomberg | Getty Images On the heels of Evergrande’s debt crisis, there are increasing signs of stress in China’s property market after one developer failed to make a bond payment on Tuesday. Ratings agencies have downgraded Chinese developers Fantasia
Even in the current low interest rate environment, mortgage payments are becoming increasingly unaffordable for the median American family, according to a report from the Federal Reserve Bank of Atlanta. A median-income household would need to spend 32.6% of its yearly income on a median-priced home, the Atlanta Fed reported. And the median existing home
A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250
Alexandra Lashner of Bensalem, Pennsylvania, became frustrated after attempting to buy a house this year and decided to postpone homeownership. Source: Alexandra Lashner Alexandra Lashner and her husband were excited to buy their first home earlier this year. They saved up enough for a 20% down payment and had no debt. Yet they still couldn’t