The 30-year fixed-rate average climbed to 4.16 percent this week. It started the year at 3.22 percent. The days of record-low mortgage rates are over. Driven up by inflation and global conflict, the 30-year fixed average hit a high not seen since May 2019. According to the latest data released Thursday by Freddie Mac, the … Read more
Communications manager Isabelle Novak and her partner, software executive Reid Gridley, represent a burgeoning population of millennials buying high-end homes across the country. The median price of a single-family home in Portland, Ore., reached $502,000 last year, a year-over-year increase of 15 percent in a property market that ranks as one of the hottest in … Read more
As millions of Americans go in search of their first home this spring, many may find that the starter homes they once envisioned now have long-term home prices. Now what? Spring Madness is a week-long Inman series analyzing this year’s spring homebuying season. We’re digging into the state of the housing market, the impact of … Read more
Millennials make up the next generation of high-net-worth buyers, and spend 21.6 percent of their income on housing. Here’s what makes them tick and what they’re looking for in an agen Meet the rising group of millennial millionaires: They’re bootstrapping, self-motivated workers who come from diverse backgrounds and have built successful businesses. And now they’re … Read more
Long on the sidelines, this population cohort is making up for lost time. Communications manager Isabelle Novak and her partner, software executive Reid Gridley, represent a burgeoning population of millennials buying high-end homes across the country. (Leah Nash for The Washington Post) The median price of a single-family home in Portland, Ore., reached $502,000 last … Read more
As millions of Americans go in search of their first home this spring, many may find that the starter homes they once envisioned now have long-term home prices. Now what? Spring Madness is a week-long Inman series analyzing this year’s spring homebuying season. We’re digging into the state of the housing market, the impact of … Read more
Cash, credit cards, loans; not all financing options are created equal…
Buying land is one way to get your dream house, but the rules can be much tougher. And you might have to source your own electricity. To Vicky and Mickey Popat, it seemed as if everyone in Orlando, Fla., wanted to buy a house last spring. “The market here was so skimpy that any time … Read more
If omicron (and future variants of the novel coronavirus) does not require more federal intervention, experts say they expect to see 30-year mortgage interest rates of 3.5 percent in 2022 If only we could foretell the future, we’d have bought Apple stock at the start of the pandemic. While we can’t look forward with that … Read more
One significant disadvantage of holding properties in an LLC is that you may not find a lender willing to finance the properties while the ownership is in an LLC. You may also not be able to secure the lowest interest rates with the lower fees. I own two residential rental properties, and the first piece … Read more
