Source: The Motley Fool — Rent-to-own is one approach to buying a home, but it’s not a conventional approach. Basically, if you opt for a rent-to-own arrangement, you enter into an agreement with a property owner that enables you to purchase the property...
Source: The Real Deal — Mortgage rates could climb another 1.5 percentage points, according to a leading economist. National Association of Realtors chief economist Lawrence Yun predicted that interest rates could be on their way to 8.5 percent if they pass a...
Source: Architectural Digest — Because of Meryl Streep’s star power, it may come as a surprise just how relatively normal and low-key her personal life is. The prolific actor, who has been married to sculptor Don Gummer for 43 years and counting, holds the...
Source: Yahoo — In an effort to boost its revenue, real estate listings giant Zillow Group Inc. started a home-flipping business that it believed would create an alternative revenue stream to just marketing properties online. That strategy didn’t last long...
Source: Forbes — If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a...
Source: CNBC — It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage...
Hits and Misses for the Real Estate Week of May 11-15
