How each generation thinks about building credit and wealth varies, particularly with respect to homeownership. Homeownership is a lifelong journey that looks different for everyone, especially depending on your stage of life and financial goals. How each generation thinks about building credit and wealth varies, particularly with respect to homeownership. Retirement, student loan debt and … Read more
Understanding The Foreign Withholding Rules… Purchasers of real estate from foreign sellers, and escrow agents and closing agents who close those transactions, need to be aware of the federal withholding requirements set out in the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA). Under FIRPTA, the buyer of U.S. real estate from a … Read more
Sales declines, price drops and the return of buyer incentives: Oh my! It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey. Builders in recent weeks have reported a significant drop in interest from … Read more
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change. After a steady yearlong rise, foreclosures are nearly back to pre-pandemic levels. More than 34,000 properties had foreclosure-related filings in August, up 14 percent from the previous month and more than double … Read more
Someone you know bought a lemon and now it’s too late. Here’s how to help them cope. With the housing market in an uber-froth, you probably know someone who bought a house without performing a home inspection. This new buyer is like the starry-eyed bride or groom on “Married at First Sight.” Like the marriages … Read more
Not until next year do Fannie Mae’s Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines After the biggest surge in mortgage rates in 40 years, houses are now less affordable than they were at the peak of the … Read more
Existing-home sales declined for the third-consecutive month in April, decreasing by 2.4 percent from the previous month and by 5.9 percent from the year before as homebuyers turned away in the face of declining affordability as a result of rising home prices and mortgage rates. Total existing-home sales decreased to a seasonally adjusted annual rate … Read more
Existing-home sales decreased by 2.4% from March and 5.9% from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors Existing-home sales declined for the third-consecutive month in April, decreasing by 2.4 percent from the previous month and by 5.9 percent from the year before as homebuyers … Read more
Zillow Senior Economist Jeff Tucker is skeptical that a housing bubble is looming, but he worries such talk could hurt future buyers in need of homebuilders to continue producing new inventory What started out as a rather staid academic exercise ended up turning heads across the real estate industry with its rather bold conclusion. We … Read more
Worried about a housing market correction wreaking havoc on your real estate investments? Look to buy properties at a discount during downturns, and hold them as income properties for the foreseeable future. Once housing markets pick up steam again, you can reassess your options. Between high inflation, rising interest rates, recession fears, and a stumbling … Read more
