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What Is A Reverse Mortgage?
A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it but does not have to make any monthly reverse mortgage payments.
Boom Or Bubble? – Home Prices Hit Record Highs Across America
The rapidly rising home prices currently found in many parts of the United States make it seem like the Great Recession of 2008 never happened. It took approximately eight years for home prices to recover the values that were equivalent to those they had before the recession.
What’s Ahead For Mortgage Rates This Week – September 9th, 2019
Last week’s economic reports included readings on construction spending, public and private-sector jobs and the national unemployment rate. Weekly reports on mortgage rates and first-time jobless claims were also released.
New Home Prices Going Down Making Them More Affordable
Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for newly-constructed homes.
Using Smart Home Technology To Help Sell It
Smart home technology is useful for many reasons. It improves security, helps improve energy-efficiency, and makes it more convenient for the home’s occupants. There is also a new trend in the use of smart home technology as a sales tool to help sell a home or a condominium.
6 Smart Ways Hardware Can Upgrade Your New Home
Decorating and putting the finishing touches on your new home is definitely one of the most fun parts of moving. It’s satisfying to fill your new home with furnishings and d?cor choices that reflect your personality and lifestyle.
What’s Ahead For Mortgage Rates This Week – September 3rd, 2019
Last week’s economic news included readings on home price trends, pending home sales and weekly readings on average mortgage rates and first-time jobless claims. The University of Michigan also released consumer sentiment report.
The Importance Of “Rights” When Buying A Property
When buying real estate there are certain standard rights usually included, unless the property has an encumbrance that in some way causes an exclusion as noted in the sale. There are also additional rights that may or may not be in the sale, which may represent significant value.
What Is A 1031 Tax Exchange?
A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a “like-kind” property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property for acquisition and then close the purchase transaction to complete the 1031 exchange within 180 calendar days.
Case-Shiller: June Home Prices Grew at Slowest Pace in 12 Years
Home price growth continued to slow in June according to Case-Shiller’s 20-City Home Price Index. 17 cities reported higher home prices in June, but three cities reported lower home prices month-to-month. Seattle, Washington was the only city to report lower home prices year-over-year in June.