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Higher Apartment Rents Spur More Home Buying

Don’t look now, but another bubble appears to be bursting–the apartment rental bubble. As the cost of renting an apartment continues to increase sharply in many parts of the country, apartment living appears to have become a victim of its own success.As a result, many apartment renters, including Millennials, empty» read more…

Creating “Stealth Wealth”

Creating a sound financial strategy, especially early in your adult life, is one of the keys to ensuring your financial security and the well-being of your family, not to mention a safe retirement. A smart financial plan lays the foundation for personal savings growth and enables you to put the» read more…

Curb Appeal is the Real Deal

The famous British playwright Oscar Wilde once wrote, “You never get a second chance to make a first impression.” Although historians disagree what Wilde was actually talking about when he coined this famous phrase (or whether he even said it), scores of real estate agents have taken it to heart» read more…

The Return of the First-Time Homebuyer

Each spring, millions of migrating birds return to their summer homes and signal the onset of spring.However, this year, many home builders and realtors are chirping about the return of a highly coveted species rarely seen in the U.S. for the past seven years—the first-time homebuyer.Indeed, the U.S. real estate» read more…

Home Remodeling Catches Fire

As the US housing market continues to recover from the 2008-2010 recession, a clear sign of improvement can be found in the record number of homeowners around the country who are investing in remodeling projects.The National Association of Home Builders reported that the Remodeling Market Index posted an all-time high» read more…

New FHA rule on mortgage insurance will spur refinancing

Seeking to build momentum heading into his State of the Union address, President Obama announced yesterday that FHA will reduce the annual mortgage insurance premiums (MIP) that new borrowers pay on FHA loans by half a percent.Designed to bolster the nation’s housing market, the new FHA rule is intended to» read more…

OPEC and Your House Payments

American consumers have been benefitting from low gas prices, and those bargains at the pump have been accompanied by historically low mortgage rates.When the economy is growing - as it is now at a healthy 4% - oil prices typically rise with demand. But the low oil and gas prices» read more…