With real estate prices rising faster than rents in some markets, investors need to weigh forecasted income for long-term rentals against what they must pay for the property. Investors hoping to turn a house or condo into a viable long-term rental (LTR) may have trouble charging rent that covers their investment and generates a return…

April housing inventory is closer to catching up with 2021; however, homebuyers still contend with fewer homes for sale.

Highlights Home inventory is beginning to catch up with last year; however, homebuyers are still contending with fewer homes for sale. The number of homes for sale in April is comparable to this time last year, but the number is still fewer than what was typical before the pandemic. April home sales were fast-paced, with…

The house hunt seems to be reaching its end. But after dozens of showings and maybe even a few offers that were outbid or not accepted, a homeowner has finally accepted your offer! But now what? Has the process ended, and is it time to plan the move? While an offer acceptance is a positive…

When purchasing a home, buyers are responsible for paying closing costs and prepaids. The difference between the two can often be confusing, especially since they are paid when closing on a home purchase. Here’s what you need to know so you’re prepared for closing day. Closing Costs vs. Prepaids: What’s the Difference? You might hear…

While growing wealth and investing can encompass many platforms and strategies, real estate has proven to be one of the most successful and dependable. Moreover, effective real estate investing can be a stabilizer and even a catalyst for increasing your net worth and is not as susceptible to market shifts and global uncertainty. Besides buying…

Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. The share of homes for…

The March national median listing home price climbed to over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. However, the demand for homes is moderating because of rising interest rates. The national inventory of active homes for sale declined by 18.9% over March 2021. The total inventory of unsold homes,…

Closing on a new house can be one of the most exciting days of your life. But before you get the keys, you’ll need to sign several documents at the closing table. So, here’s what to expect on your big day. What Are Closing Costs? Closing costs are the fees and expenses buyers and sellers…

Most of us, at some point, dream of buying and owning a home. The pride of ownership and a sense of security are important motivating factors. In addition, the initial investment can grow into a significant profit because of property value appreciation. For both first-time and experienced homebuyers, the question becomes: “How much home can…