Written By Joe Houghton Buying your first home can be a lot of things: exciting, responsible, an investment in the future. It says, “I am a grown-up.” However, the experience can also be frustrating. It will be scary and complicated and, at times, humbling. Accepting the fact that you will probably experience every emotion you [...]
By Greg Herlean Real estate investing can be a difficult field to navigate, especially if you don’t know where to get started. Property investment isn’t as simple as buying a house, filling it with tenants and raking in the cash for your retirement fund. After flipping over 450 homes and 2,000 apartment units, I’ve had [...]
By Candyd Mendoza Housing in California has become more affordable in the first quarter due to low mortgage interest rates, higher income levels, and cooler home prices this spring, the California Association of Realtors said. CAR’s Traditional Housing Affordability Index (HAI) showed that 32% of homebuyers could afford to purchase a median-priced, existing single-family home [...]
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Written by Zach Friedman It's no secret that credit card debt is expensive. Don't have a game plan? Here are 4 steps to pay off credit card debt faster. Step 1: Organize your credit cards Quick exercise: if you have multiple credit cards, write down the balance and interest rate on each card. Let's assume [...]
Written by Housing Wire Mortgage giant Fannie Mae released guidance Wednesday with new policies on how lenders can originate mortgages during the government shutdown. The government partially shut down after Congress and the president failed to pass a new funding bill before the holidays, and now, 12 days later, that shutdown continues. Before leaving for [...]
Written by Dante Disparte It seems fitting that a year as turbulent as 2018 ends at the edge of chaos. The month of December, a period where business and markets are usually buoyed by retail hangovers from the holiday shopping season, has produced nothing less than economic and political pandemonium in the U.S. and shockwaves [...]
Written by Real Deal Just before the 2008 financial crisis, Fir Tree predicted that homeowners would keep making mortgage payments even as the value of their homes plummeted. That bet has paid off. The hedge fund has made $2.6 billion, roughly half of which came from homeowners making payments on underwater mortgages, the Wall Street [...]
Written by Michele Lerner In yet another sign of a slowdown in the national housing market, the number of homes that were flipped — sold within one year of purchase — declined by 12 percent during the third quarter of 2018, compared with the third quarter of 2017, according to a new report by ATTOM [...]
Written by Diana Olick Mortgage applications to purchase a newly built home dropped 11 percent in November, compared with a year ago, according to the Mortgage Bankers Association. Given the drop, MBA economists predict that sales of newly built homes in November fell 5 percent annually. Those numbers will be reported at the end of December [...]
