Each year, homeowners receive a notification of their property tax assessment, which, when combined with the local tax rate, determines…
Opportunity cost is the value of the next best alternative that you give up when making a decision. In real…
If you’re holding off on buying a home because you think prices are too high or mortgage rates will drop,…
Opportunities exist for a subset of homeowners, possibly in their 60’s to 70’s, who want to downsize to smaller homes…
Sellers offer concessions as an incentive to encourage buyers to purchase their home. The concessions, paid for by the seller,…
There are a lot of professionals involved in the homebuying process. And when these people can function as a team, the…
Social Security was established on August 14, 1935 to take care of the country’s elderly in their retirement years. Today, about…
Managing an asset worth hundreds of thousands of dollars is a responsibility that requires attention to details such as timely…
Waiting for the mortgage rates to come down before you buy a home may not be a good decision. If…
A soft second loan, sometimes called a silent second, is subordinate to the first mortgage, whose payment is deferred or…
You may remember the famous line in the Dirty Harry movie when Clint Eastwood has just had a shootout with bank…
Housing affordability has declined dramatically in 2022 due to continued rising home prices and a three-percentage point jump in mortgage…
The rapid rise in mortgage rates during 2022 coupled with continued appreciation of home prices have limited the number of…
Rising mortgage rates are causing some would-be buyers to pause their decisions until they determine whether rates are going to…
Owners directly control four of the five factors that affect the sale of any home: price, location, condition, terms, and…