Source: The Motley Fool — Nobody can know the future, but here are some things I could see happening. The real estate market in the United States has been decidedly unpredictable for the past couple of years. Many investors and industry analysts (myself...
Source: The Motley Fool — You’ll often hear that being a homeowner can lead to more financial stability. When you own a home and pay down your mortgage, you get closer to owning an asset whose value can grow over time. Plus, when you rent a home,...
Source: Surviving Tomorrow — I got my first and hopefully last bank mortgage when I was nineteen years old. Despite not having a full-time job, me and a teenage buddy pre-qualified to borrow up to $250,000. We bought a fourplex, renovated it, and flipped it for...
Source: Quartz— The meteoric rise of mortgage rates has zipped past another milestone this year. For the first time since April 2002, the 30-year fixed-rate mortgage (FRM) topped 7% this week, according to data from Federal Home Loan Mortgage Corporation...
Source: Slate — This article is from Full Stack Economics, a newsletter about the economy, technology, and public policy. In March 2021, a woman in the D.C. area put her house on the market and got 88 bids—including 76 all-cash offers and 15 from people who...
Source: The Motley Fool — After rock-bottom interest rates during the first phase of the COVID-19 pandemic, the mortgage chickens have finally come home to roost. In October 2021, the average U.S. mortgage interest rate for a 30-year fixed-rate mortgage was...
Hits and Misses for the Real Estate Week of May 11-15
