23 Dec 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 23rd, 2019

Financial Reports, ,
Last week’s economic reports included readings from the National Association of Home Builders on housing markets; the National Association of Realtors® released data on sales of previously-owned homes and the Commerce Department released readings on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence Rises in December According to the National Association of Home Builders, builder confidence in housing market conditions rose in December to an index reading of 76 as compared to November’s reading of 71. Any reading over 50 indicates that most home builders surveyed were…
Read More
20 Dec 2019
By Aadil Nathoo

The Most Commonly Searched Household How-To Remedies

Real Estate, ,
Owning a home comes with a lot of responsibility. Many of the responsibilities that people think about involve home maintenance. There are few things that frustrate a homeowner more than having repair and maintenance bills come up. At the same time, it is important to address these properly. For this reason, it is important for everyone to understand the most common how-tos people search for. This will give someone a glimpse into some of the responsibilities he or she might face when owning a home. Those who can handle these how-tos can save money on maintenance costs and repair bills.…
Read More
19 Dec 2019
By Aadil Nathoo

Culture Clash: Why Boomers Are Moving Back to Big Cities

Real Estate, ,
"Baby Boomers," defined as people who were born between 1946-1964, are the wealthiest generation to ever retire, as well as the largest. According to U.S. Census Bureau projections, the population of people 65 and older will increase by 36% between 2013-2023 and is expected to outnumber children by 2034 -- for the first time in U.S. history. Interestingly, in the decade since the Great Recession,people aged 50-59 are increasingly bucking tradition and moving to urban areas. As Boomers retire en masse, they are headed for major cities, favoring amenities-loaded condos over large single-family homes with manicured lawns. What is responsible…
Read More
18 Dec 2019
By Aadil Nathoo

The Risks And The Rewards Of Buying Homes In An ‘As-Is’ Condition

Real Estate, ,
When considering buying a home in an "as-is" condition, the buyer takes all the risk of anything needed to bring the property back up to current building codes and make it ready for occupation or re-sale. There can be bargains in as-is properties if you know how to hunt for one.  How To Find As-Is Bargain Properties To find these properties, look for those that sell at auction for tax liens or other reasons for governmental asset-seizure. The might be distressed as-is properties that are foreclosures, short-sales, or estate sales. A popular home-flipping strategy is to buy an as-is property at…
Read More
17 Dec 2019
By Aadil Nathoo

How Growing, Multi-Generational Families Impact Home Design And Financing

Real Estate, ,
There has been a surge in families who have multiple generations living together. In many cultures, children take care of their parents as they age. This is done in an effort to repay the parents for raising them during their childhood. At the same time, when there are multiple generations living together in the same home, there are some changes in both home design and financing. Financing a Multi-Generation Home Anyone who is looking to finance a multigeneration home will need to detail their financing plan to the mortgage lender. The lender always wants to know how the loan is…
Read More