Friday, July 1, 2022 / by Nicole Solari
Based on a recent Gallup poll, real estate has been rated the best long-term investment for nine years in a row.
Owning real estate is more than just a place to call home. It’s also an investment in your future. That’s because it’s typically a stable and secure asset that can grow in value over time.
If you’re ready to buy a home and invest in your future, reach out to a local real estate advisor. ...
Wednesday, June 29, 2022 / by Nicole Solari
You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case (see graph below):
As the graph shows, a strong majority (60%) said the real estate market is not currently in a bubble. In the same survey, experts give the following reasons why this isn’t like 2008:
The recent growth in home prices is because of demographics and low inventory
Credit risks are low because underwriting and lending standards are sound
If you’re concerned a crash may be coming, here’s a deep dive into those two key factors that should help ease your concerns.
1. Low Hous ...
Wednesday, June 22, 2022 / by Nicole Solari
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your home loan.
Don’t Deposit Large Sums of Cash
Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.
Don’t Make Any Large Purchases
It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income ratios (how much debt you have compared to your monthly income). Since higher ratios make for riskier loans, borrowers may no longer qualify for their mortgages ...
Friday, June 17, 2022 / by Nicole Solari
While the days of spending more time at home may be over, and many people have returned to the office and normal daily activities, home redecorating is still on many homeowners’ minds. Simple home improvement projects have the combined benefit of creating a renewed space that can cure “cabin fever” and can also be good for your home’s property value. You don’t even need to hire a contractor to get started on these projects that can change your home’s look, even during a weekend.
Get painting, in a creative way
While painting your home to give it a new look is an obvious choice, you can save yourself time and go for a creative change by painting targeted areas of your home instead of all of it. You can select one wall in your home, such as in a living room or your kitchen, to be an accent wall. This accent wall could be painted in shades of green or blue, and some homeowners are even using on-trend wallpaper to create an accent wall.; ...
Monday, June 13, 2022 / by Nicole Solari
2022’s Best & Worst Places to Raise a Family
John S Kiernan, Managing EditorMay 31, 2022
Families move often and for various reasons. In fact, the average American can expect to move an estimated 11.7 times in a lifetime. Moving can be a sign of opportunity, such as a new job or long-term wealth accumulation, but people may also move because of instability such as foreclosure or job loss. In the wake of the COVID-19 pandemic, families will likely be looking for cities that provide the most safety and have the lowest unemployment rates.
With families in mind, WalletHub compared more than 180 U.S. cities based on 46 key metrics that consider essential family dynamics, such as the cost of housing, the quality of local school and health-care systems, and the opportunities for fun and recreation. While obviously not perfect — given personal preferences and the limitations of publicly available data — our findings will hopefully ...