Source: Florida Realtors — Discrimination tends to find loopholes. In the 1960s, Blacks bought homes using a land contract – but sellers held the deed and could evict for one missed payment. CHICAGO – If Robert York was ever bone tired, he didn’t show it. After...
Source: Rome News Tribune — The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in...
Source: Forbes — “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s...
Source: Nasdaq — Investing in real estate has plenty of benefits. A steady flow of extra income, relatively low volatility and the appreciation in the value of properties are factors that make real estate a good investment. But, there are also some downsides....
Source: Bankrate — If you’re planning to buy a new home soon, you’ve likely given some thought to the maximum price you can pay and the down payment you can offer. And if you plan to finance the purchase, the monthly mortgage payment could also be on the list...
Source: Chicago Sun Times — Chicago property taxes will rise by $42.7 million — half of what an automatic escalator allowed — thanks to a $127.9 million budget shortfall for 2023 that’s the lowest in recent memory, Mayor Lori Lightfoot said Wednesday. By...
Hits and Misses for the Real Estate Week of June 22-26
