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Things to consider before investing in short term rentals

As of the latest reports by AirDNA, the demand for short-term rentals is up by 66.4% in April 2021. This concludes that investing in short-term rental projects is increasingly becoming an attractive target for investors. Investing in short-term rental properties has many advantages. Some of them include getting instant cash at the time of reservation, […]

NAR: Pending home sales fall in November

Overall pending home sales in the U.S. fell in November as multiple markets struggle with record low inventories of homes for sale. Even so, economists say they’re optimistic that buyers will have more opportunities to buy a home next year. The National Association of Realtors reported that its Pending Home Sales Index dropped 2.2% in […]

Home Ownership Increasingly Impossible for Most Americans, New Study Finds

Becoming a homeowner is a cornerstone of the American Dream. Soaring housing prices, however, are making that increasingly difficult for most Americans to achieve. First-time buyers — particularly millennials — are more likely to struggle to make that dream a reality than earlier generations. Here’s a breakdown of an October 2021 study on the housing […]

What is Private Mortgage Insurance (PMI)?

Private mortgage insurance (PMI) might sound like something that will protect you if you can’t make a mortgage payment. There is some limited truth to that but mostly PMI is something that you pay as a homebuyer, but is for the benefit of your lender. PMI is almost always required when you take out a […]

6 Ways to Prevent A Remodeling Nightmare

Unmet expectations, incomplete jobs, failed DIY projects — these cautionary tales plague homeowners and investors as they contemplate their home improvement projects.  If a neglected home is deteriorating, it may be better to sell “as is” to a company that buys houses fast for cash — no repairs needed. But if you have the time […]

Should You Get an FHA Loan?

Buying a home can be tough. From finding the right agent to work with, to sorting through listings until you find your dream home, to figuring out innovative ways to keep your costs down, to outbidding all the other buyers in 2021’s red hot market, it’s easy to overlook one of the most important (and […]

How to Find the Best Mortgage Rate in the USA?

Your mortgage is going to be one of the biggest financial decisions you’re likely ever going to make. So when getting a mortgage, it’s important to do it right. And by right, we mean getting the best mortgage rate possible for your personal circumstances. Getting an inexpensive mortgage rate with low interest will allow you […]

Rent vs. Buy Analysis Newton MA

The decision to rent an apartment or buy a home is never an easy one. That holds especially true when you had your heart set on buying in a certain area and you come to find that the median sale price there is above $1M, like it is in Newton MA. Many at this point […]

Urban Institute calls for rental payment history to be used in mortgage underwriting

A new report has argued that rent, utilities and telecommunications payment data should be used in mortgage underwriting to improve racial equality and help more people from minorities to become homeowners. The report by Michael Stegman, a non-resident fellow at the Urban Institute and former senior policy advisor in the Obama-era White House, and Kelly […]

Tips to prevent winter property damage

Homeowners need to take extra steps to protect their homes during the colder months, as the ice, wind and rain can wreak havoc at winter time. Leaf Home, a home solutions provider, recently offered the following winter checklist for homeowners to protect their properties against seasonal damage. It turns out that winter protection all starts […]

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