When buying a home, many of us will require financing to make the purchase. There are several types of loans available to you. An ARM – or Adjustable-Rate Mortgage – is popular for its low-interest rate, but be careful. There is a catch. Understand what you are getting into when obtaining an ARM. What is […]
Is Buying a House a Good Idea?
While many of us believe buying a home is the best investment you can make, there is a growing group of people who argue against home ownership. So, is buying a house a good idea? Or is it better to rent? David Bach, co-founder of AE Wealth Management and self-made millionaire, is of the camp who […]
Veteran Homeownership Rates are Higher, but Post 9/11 Veterans are Hurting
A new study from Apartment List took a look at how veterans are faring in the housing market and discovered a staggering difference between pre and post 9/11 veterans. According to the study, veterans are faring better than non-veterans in the key housing market statistics like homeownership rate and cost burden rate. Today, 76% of […]
More People Are Moving From California Than To California
According to U.S. Census Bureau data, about 130,000 more residents moved from California than to California in 2017. While foreign investment in California real estate continues, many California residents chose to sell while home prices are high and buy in less expensive states. The five most popular states for people moving from California were Texas, […]
Mortgage Interest Rates at Highest Levels Since 2011
Mortgage interest rates have jumped about one percent since the beginning of the year. They are now at seven-year highs. Will it continue to climb? Interest rates have been steadily rising this year. The U.S. Federal Reserve continues to hike interest rates, despite increasing criticism from President Donald Trump. Rising interest rates make the cost of […]
The Reasons Why People Move
What are the reasons why people move? Life events are often the catalyst for moving and changing where we call home. While I may have knocked Zillow on their Zestimate accuracy, I do admire their extensive research on trends in the real estate market. One of the highlights in their 2018 report, they talk about a […]
UBS Global Real Estate Study Finds Only One City Undervalued
Only 1 of 20 global housing markets is considered undervalued in a recent UBS Global Real Estate study. Chicago was this city. UBS surveyed 20 cities around the world to assess which are at the greatest risk of a housing bubble. 16 of the 20 cities fell into the overvalued and bubble risk categories. What is […]
The Upside and Downside of Booking Flats in Buildings Under Construction
Have we ever wondered why it’s always so difficult choosing which one is better: an under-construction-property or a ready-to-move-in property? The clear and simple answer would be a NO! At the ground levels, this becomes the prior reason for the paradox that a homebuyer suffers in. Both types of properties have their own pros and […]