While the cost of buying a home has risen dramatically in the last few years, a house still comes with a variety of benefits over renting. One of the biggest advantages is the fact that you can use the mortgage interest deduction to help lower your tax bill. However, the IRS rules that impact the […]
If you are unhappy with your current home, you may be trying to decide whether to move to a new home or renovate your current house to add exactly what you want. While renovating allows you to add the exact features you want in a house, it can be difficult having to deal with permits, […]
A recent report by ATTOM, curator of the nation’s premier property database found that median-priced single-family homes are now less affordable when compared to historical averages in 75 percent of counties across the nation. This figure is up from the 56 percent jump that ATTOM reported in the third quarter of 2020. This is the […]
Baby Boomers, which is the generation born between 1946 and 1964 retired in record rates during 2020. According to statistics, roughly 2 million boomers have retired every year since 2011. However, in 2020, a whopping 3.2 million boomers turned in their two-week notice. Luckily, Baby Boomers have seen a huge surge in home values as […]
While buying a house can be exciting, it can also be complicated. Once you have found your perfect house, you will need to find financing and then navigate a minefield of inspections and paperwork. One part of the paperwork that can be confusing is closing costs. The offer you make on the home will spell […]
If you are considering a second home, you should be aware of the expenses that come with it. As with your primary home, there are plenty of costs that go well beyond the mortgage payment. While you may have considered (or certainly should have) the cost of homeowners insurance, property taxes and even an HOA […]
According to the National Association of Realtors, existing home sales continued their strong upward trajectory in July. This makes it two months in a row that have shown significant gains in home sales. Four of the major regions managed a double-digit month over month increase while the Northeast was the only region that showed a […]
Buying a home is one of the biggest investments most of us make and once you have built up a bit of equity in your home, you may be looking for ways to leverage that equity to use for other proposes. While a home equity loan is one way to get some of the money […]
While job losses mount and home sales plummet due to COVID-19, lenders are tightening mortgage requirements, making it more difficult to purchase a home. In addition to stricter mortgage requirements, the virus may change how Americans buy and sell homes in the future. As the pandemic continues, it could end up transforming how real estate […]
Inheriting real estate from your parents or other family member can often end up being a unexpected windfall, or somewhat of a burden. In many cases it can be a bit of both. A well maintained home in a desirable area can be quite the blessing, while an old dilapidated house hundreds (or even thousands) […]