Homeownership has continued to struggle for the past ten years. That saw a massive yet brief change in 2020 due to the pandemic. Because of the vast reduction in spending, interest rates were at record lows. While the gigantic homebuying wave has primarily subsided, homeownership is still at 65.6% in Q2 2021. Now potential homeowners face a challenging dilemma. Should they forego their dream of owning a home in favor of renting for cheaper? Or is it a better idea to double down and buy a house anyway? Here's an extensive comparison of the pros and cons of homeownership.
In the US, home refinancing for single- and multi-family homes increased by 150% from 2019 to 2020. That's more than twice the increase for new mortgage originations. This means more people refinanced existing loans compared to those who took on new loans.
Every dream can come true if only the dreamers dare to pursue them. If Tyler Perry chose to hide his dream, most of us would never have been inspired. Because he was courageous enough to run after his dreams, you have tons of fun and educational films to watch each day.
Investing in real estate is a great opportunity to earn passive income while you are diversifying your portfolio. However, if you are unfamiliar with real estate investments, you may find that you make real estate investment errors and lose out on your potential earnings.
Owning your own home is a truly wonderful accomplishment. Not only do you have a place to go and raise your family, but you also have a nice valuable property that you can use as an investment if that's something you are inclined to do.
Where we live can significantly affect the quality of our lives, which is why we should be careful when choosing the type of property to rent or buy. Living in a home that's too small or too expensive will likely cause stress and prevent us from being productive during the day.
The VA Loan program was signed into law by Franklin D. Roosevelt in 1944. Having now been available for over eight decades, millions of servicemen, women, and veterans have benefited from the scheme over the years.
So, you've finally decided to make your dream a reality and purchase a new cottage. After years of pondering and checking out online listings, you've never felt more ready to take the plunge. Owning a cottage provides precious memories to last a lifetime - spending time with family and friends deep within the beauty of Mother Earth's natural surroundings; there's nothing else quite like it.
Quality occupants are the way to long-haul benefit. Numerous property holders experience the ill effects of making dubious candidates frail in like manner or neglecting to see the warnings that burrowing may uncover.
"It takes a village" is more than just a proverb about parenting. It also applies to how people go through life's big transitions. When you first started school, you relied on your teachers and classmates to help acclimatize to the new experience. When you got your first car, you need the mentorship of a driving instructor, parents and older siblings to get into gear.
Last year was a challenging year for most businesses, including the multi-family real estate industry. One way industry leaders navigated the storm of the pandemic-related shut-down was to share ideas with one another. CARROLL, a leading east-coast real estate investment firm founded by CEO M. Patrick Carroll, hosted a round table webinar in May 2020 that featured four industry titans sharing their experiences and what they learned as the pandemic dramatically changed the way they did business.
If you own rental property, you know that your first impression of a tenant may not be an accurate one. Someone may seem polite and professional when you first meet them and end up paying their rent late, ruining your carpeting, and having parties late into the night.