A Guide on Selling a House with Fire Damage
In 2021 alone, there were over 1.3 million fires that caused thousands of deaths and injuries, as well as nearly $16 billion in property damage. If your home has gone through a fire, however significant, it’s obviously a traumatic experience. Coming out of something like that with your health intact is lucky, but there’s still a lot […]
What is Selling My House for Cash? Here’s Your Guide!
People have preconceived notions about what selling to a cash buyer really means, but these are almost always wrong. In the last few years, the number of houses purchased with cash has skyrocketed. Approximately 30% of all house purchases are made using all cash. You may be wondering, “what is selling my house for cash really going […]
Renters Rejoice: A Shift in the Rental Market Brings Relief and Negotiating Power
The rental market has been on fire in recent years, with average rents soaring from $1,500 to over $2,000 per month between early 2021 and late 2022. However, recent data from Zillow reveals a steady decline in rents since October, indicating that renters may finally be gaining the upper hand. The national average rent has […]
The US Treasury Yield Curve Sends Warning Signals for a Deep Recession
The spread between 10-year and 3-month Treasury yields has dipped to approximately 153 basis points below zero, signifying an impending “deep recession,” according to Duke University professor Campbell Harvey. This inversion is more significant than the one preceding the 2007-2008 financial crisis and the late 1980s, when the Federal Reserve increased interest rates above 8% […]
Home Prices Rebound After Eight-Month Stagnation
Home prices are on the rise for the first time in eight months, according to a recent analysis by Black Knight. The surge in demand for homes driven by slightly lower mortgage rates, coupled with the ongoing challenge of low inventory, has contributed to this increase. Black Knight’s report reveals a nationwide price growth of […]
A Bittersweet Spring for Homebuyers: Lower Mortgage Rates Meet Low Inventory
Mortgage rates have been experiencing a steady decline for three consecutive weeks, sparking optimism for a fruitful spring homebuying season. However, low inventory levels continue to challenge the housing market. As of March 30, the 30-year fixed-rate mortgage dropped to 6.32%, primarily due to economic uncertainty caused by bank collapses. This presents a significant contrast […]
Mortgage Rates and Housing Inventory Decline Simultaneously
The housing market is currently experiencing a rare phenomenon: both mortgage rates and housing inventory levels are falling simultaneously. This unique situation may have significant implications for prospective homebuyers and real estate investors. Typically, declining mortgage rates are seen as favorable for homebuyers, as lower borrowing costs can stimulate demand, making it easier to afford […]
Biden’s FY 2024 Budget Proposes Changes to Section 1031
The Fiscal Year (FY) 2024 budget proposal from President Biden’s administration includes changes to Section 1031 of the Internal Revenue Code, which governs like-kind exchanges. These changes, if implemented, could significantly impact real estate investors. Under current regulations, Section 1031 allows investors to defer capital gains taxes by reinvesting proceeds from the sale of a […]
Housing Starts Grow
Housing starts in the US rose in February as strong demand from buyers continued to drive growth in the housing market. According to the Commerce Department, housing starts increased by 10.3% in February to a seasonally adjusted annual rate of 1.42 million units, up from 1.29 million units in January. The rise in housing starts […]