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“Bank of Mom and Dad” Increasingly Turning to Reverse Mortgages for Downpayment Gifts
Source: Storeys --- The “Bank of Mom and Dad” — older homeowners who dip into their own wealth to help their Millennial-aged kids rustle up a home downpayment — has long been a presence in Canada’s housing market. In fact, according to the Toronto Regional Real Estate...
Will Mortgages Get Less Expensive in 2023?
Source: The Motley Fool --- There's a reason so many potential home buyers have struggled to become property owners this year. Between limited inventory and soaring home prices, affordability issues and a lack of choices have forced many buyers to pause their...
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Fill Gaps in the Capital Stack
Source: Scotsman Guide --- With life beginning to return to some form of post-pandemic normal and businesses reopening their offices nationwide, demand for commercial real estate has been on the rise. Mortgage brokers can see evidence of this trend from a variety of...
How joining the Great Resignation could hamper homebuying plans
Source: Bankrate --- If you joined the Great Resignation in the last year, you may have found it even harder to compete in the already wild pandemic housing market. A record number of Americans quit their jobs in 2021, according to the Bureau of Labor Statistics, and...
Real Estate Requires Environmental Stewardship
REALTORS® and anyone even loosely involved with their local Association of REALTORS® has heard the beginning of the Preamble of the Code of Ethics: Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free...
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