The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not the only benefit that can be associated with flipping real estate though it is cer...
Mortgage rates have been at record lows, but these rates didn't motivate many home buyers, nor did they successfully drive homeowners to remodel or take out money for other kinds of spending.In previous recessions, lowering interest rates has driven the economy upward. What's different this time around?One factor may be appraisals torpedoing the deals. With foreclosures a large share of prope...
According to Olivia Pulsinelli, Web producer- http://www.bizjournals.com/houston/news/2014/10/22/houston-named-no-1-real-estate-market-to-watch-in.html?page=allHouston Business Journal, The "Emerging Trends in Real Estate 2015" report ranked Houston the country's No. 1 market to watch next year. That's up from No. 2 in 2014 and No. 5 in 2013.Houston ranked No. 1 in both investm...
Got questions about where real estate is headed? Here are informed answers to some of the most frequently asked questions about today’s housing market.Is housing on the way up for the long haul?There isn’t any single answer to this question. It depends on where you live. Home prices are rising in the most convenient suburbs of such cities as New York and Washington, D.C. In other places that are i...
For years now, if you didn’t have near perfect credit and a hefty 20% down payment, chances were slim that lenders would give you a mortgage.But that’s all about to change….That’s because Fannie Mae and Freddie Mac, the two government-backed mortgage giants that backstop a majority of all mortgages, have put new lending guidelines in place that should make it easier for borrowers to secure loans.N...
Mortgage giants Fannie Mae and Freddie Mac have announced that
first-time home buyers can now qualify for loans with down payments as
low as 3 percent. That will expand credit for qualified home shoppers
who may have been sidelined the last few years because of higher
down-payment requirements, housing analysts say. Freddie Mac launched Home Possible Advantage, a conventional mortgage
Though renters say they dream of owning a home one day, most of them
will need to keep renting for at least the next three years, according
to a new survey of more than 2,000 adults conducted by Freddie Mac. The
majority of renters say they are still struggling financially, but 91
percent say the financial crisis has not deterred their motivation to
become home owners. "It's no secret th...
Helping someone close to you buy a low-cost property – $50,000 or less – is a fairly straight-forward transaction, although it may require specific legal advice, says Charles Carter, an attorney and a consultant at Haint Blue Realty in Mount Pleasant, S.C.Carter suggests that buying a property outright, using the gift exclusion ($13,000 for singles; $26,000 for married couples) to pay for a down p...
of this past week’s few U.S. economic releases was positive, but analysts
were more focused on this week's Federal Reserve policy meeting and
press conference. Observers are keenly looking for signals about the
timing of a possible interest rate increase.
Late on Thursday, the U.S. House of Representatives passed a $1.1
trillion spending bill that funds most of the federal gove...
The Federal Reserve has ended its' bond-buying stimulus program.
The Fed had been purchasing $85 billion per month in Treasury and mortgage-backed securities. In the last year, the Fed has purchased more than $1 trillion in Treasury and mortgage-backed securities. Fed officials have said the purchases have helped to reduce borrowing costs, and it credits the program for helping to cont...
The gap between those who say it's a good time to buy a home and those
who say it's a good time to sell is growing larger. Sixty-eight percent
of Americans say now is the time to buy, a month-over-month rise of 3
percentage points, according to Fannie Mae's November 2014 National
Housing Survey of 1,000 respondents. On the other hand, the number of
Americans who say it's a good time to s...
Million-dollar homes are selling faster than other types of homes, but the typical luxury buyer is changing.
"Markets that are most dependent on international demand are seeing a
steady and dramatic decline in sales of million-dollar-plus homes,"
according to a new report by Redfin. "Meanwhile, sales of expensive
homes continue to rise at a steady pace in cities where those sales rely
Just about the last thing homeowners expect is for the price of something we use every day to drop precipitously. It isn’t just that we’ve grown skeptical about the way official inflation numbers are formulated (although we have). It’s simply that when it can cost more than a dollar for a Coke, we’ve drawn our own conclusions. To quote The Wall Street Journal’s front page last Tuesday, ...
The recent housing crisis has prompted questions over whether home
ownership is still a viable way toward greater wealth in this country.
Confidence in home ownership was shaken, and many have had to turn to
renting (the number of renters has increased nearly 25 percent since the
housing crisis). The home ownership rate, in turn, has fallen from a
peak of nearly 70 percent in 2004 to a t...
the MLS report for November 2014: “Homes
appear to be high on holiday shopping lists as consumers continued to
snap up properties in November, pushing prices up once again while
driving the supply level down. The majority of the month’s sales
activity took place among homes priced between $250,000 and the
Houston real estate market grew in all categories in November,...