For a vast majority of property owners, the home loan is the largest extension of credit they will ever pay down. With hundreds of thousands of dollars -- or more -- at stake, it makes sense that lenders take great care to qualify their borrowers before issuing such large disbursements of funds.
Real estate forecasters look at many variables when making predictions for three, six and nine months out. As they begin to express their opinions on 2022 they quite naturally examine supply of available homes and the level of demand for them.
The recent trends in real estate in the United States have delighted some people and frustrated others. High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020.
Why is it that a home loan applicant is politely shown the door by a branch of a national bank yet is approved for the same amount of money by another lender? The answer is that lending institutions are not all created in the same image.
Home buyers and owners have the challenge of acquiring and managing what will likely be the most expensive asset they will ever own. An intelligent approach to this involves careful monitoring of cash flow and an accurate assessment of home value.
For most people, buying a house is the biggest investment they will ever make. The worth of the property, therefore, is of great importance throughout the duration of the owner's dwelling because the financial return on investment will come at re-sale.
In September of 2021, Hurricane Ida struck the Gulf Coast in normal hurricane fashion, inflicting wind damage, causing power outages and dumping a lot of water. Yet the flooding was not confined to Louisiana and Mississippi.
Although the real estate market was not immune from the effects of business shutdowns and curtailments in 2020, neither was it hobbled: unprecedented low mortgage rates; strong millennial demand; and the flight from city to suburbs hastened buying and selling in America.
In 2010, the Harvard University Medical School published five benefits that come with spending time out of doors. They were: an uptick in vitamin D levels; an increase in physical activity; an elevation of mood; improvement in concentration; and an acceleration of healing of illness or injury.