Unconventional loans grow in popularity



With home prices on the rise, a growing number of buyers are turning to unconventional types of loans to finance their purchases, especially in some western southern markets. Unconventional financing now accounts for around 28% of the new home build market, according to a new analysis of U.S. Census Bureau data by the National Association […]

California Governor signs rent control bill into law



California Governor Gavin Newsom last week signed into law new legislation that will place caps on rents throughout the state. The move that was warmly welcomed by tenant groups but others in the real estate industry say it could have negative long-term consequences. Under the new law, which takes effect in January, landlords will be […]

5 Best Places to Buy a Vacation Home



Don’t you just love walking out of work on your last day before vacation? Except then you have to deal with packing, hoping the hotel is nice, and figuring out what to do every day.  Wouldn’t it be wonderful if you could just go home? No, not your regular home. Your vacation home. You know that […]

Alternative mortgages providing a back door to homeownership



Consumers with bad credit ratings are increasingly taking advantage of alternative mortgage products that allow them to buy a home without a huge down payment, often through lease-to-own contracts. But borrowers still need a steady income to qualify for these products, the Wall Street Journal reported. One example is a company called Divvy Homes, which […]

10 Warning Signs A Tenant Might Give You Issues



Investing in a rental property is a great way to make passive income, but it comes with its fair share of risks and difficulties. The key to finding a highly great renter is at the very beginning, in your screening process with your possible tenants. There’s no limit to how careful one must be when screening tenants, learning […]

Digital mortgage applications result in less discrimination, study finds



Digital mortgage applications are having the positive effect of reducing discrimination of black and Latino home buyers, a new study shows. The study, by the National Bureau of Economic Research, reveals that algorithmic lending reduces discrimination by up to 40% compared to applications which are dealt with face-to-face. With digital mortgage applications, the interest rates […]

Fannie & Freddie allowed to retain their profits



The government says Fannie Mae and Freddie Mac will be allowed to retain $45 billion worth of their earnings this year, as part of a plan to help the government-sponsored entities return to private ownership. The vast majority of Fannie’s and Freddie’s profits have gone to the U.S. Treasury Department ever since they went into […]

Quick DIY Projects Before the First Freeze



Much of the southern US is still enjoying sunshine and temperatures in the 70s and 80s. But many northern areas are already seeing freezing or will soon have overnight lows below freezing. These locations are quickly running out of time to finish outdoor preparations for winter weather. Hopefully you’ve taken care of the tough chores […]

The Costa Rica Housing Market is Booming



Costa Rica’s tourism is booming and the real estate market feels it. Since 2010, the country has attracted a continuously growing number of tourists. And since many are charmed and won over by Costa Rica’s beauty, many have decided to settle here, at least during summertime. In fact, the impressive growth of the real estate […]

Here’s why you really need to shop around for a mortgage



The typical home buyer spends more than four months shopping for the perfect place. They tour an average of more than four homes, attend two open houses and make two offers. That’s not to mention the hours spent browsing online listings. But most buyers still don’t shop around for the best mortgage rate. And buyers […]