By SETH APPLETON We have all seen the headlines. After years of homebuyers growing accustomed to a 30-year mortgage rate as low as 3%, 2023 saw fluctuations between 6% and 8%, with higher rates persisting into 2024. Last October, rates reached the highest levels in 23 years, leading many prospective homebuyers to wonder whether they are…
Good Morning! Today is Monday, May 13. Graduates walked out of Duke University’s commencement ceremony ahead of Jerry Seinfeld’s speech as college disruptions continue. A man died two months after he became the first person to receive a kidney from a genetically modified pig. Minnesota and parts of Wisconsin are under an air quality alert because…
By ALEX CAPOZZOLO It is anyone’s guess exactly how long you should hold real estate before selling it. No one has a crystal ball. But the time you choose to sell can significantly affect your profit. Many factors influence this decision, and understanding them can help maximize your return on investment. Here’s a straightforward guide…
By JARED WHITLEY Nearly a decade ago, former Michigan State basketball player — and future United Wholesale Mortgage CEO — Mat Ishbia wrote an op-ed for Inc. Magazine, explaining how his business success was an extension of his strategy on the court. Ishbia wrote that his approach is “creating teamwork.” “Be a thumb pointer, not a finger…
By CHRIS BARSTEIN Homeownership: the American Dream. For so many adults, our homes not only fulfill the dream, they also are our most significant single purchase and our greatest investment. They’re where we build lives, families, and memories. Then, it happens. We age and, almost without warning, that dream starts to become a burden. This…
By PATRICK LAVERY Seven weeks ago, the 2023 slate of policy meetings for the Federal Open Market Committee concluded with members voting to leave the key interest rate unchanged for a third straight time. However, anyone hoping that 2024 will begin with some movement in a downward direction is likely to be disappointed this week….
By EDWARD PINTO On December 15, HUD released its annual Point-In-Time (PIT) homeless and housing inventory counts (HIC) conducted in January 2023. The key finding was that homelessness reached a record high as the 2023 annual count increased 12% and 18% respectively from 2022 and 2017. The average rate of homelessness per 1,000 population in…
By DAVE HEISTEIN Dealing with homeowner tax deductions can seem tough, but it’s key to making the most of your home financially. In this article, we’ll make taxes easier for you to understand. From breaking down various tax deductions to highlighting tax considerations for home improvements, we’re here to simplify these complex topics. Understanding Homeowner…
By DESMOND LACHMAN Rudi Dornbusch, the late MIT economist, famously observed that economic and financial crises take longer to arrive than you can possibly imagine, but when they do come, they happen faster than you can possibly imagine. Next year, Mr. Dornbusch’s warning could again prove to be prophetic as far as the commercial real…
By SCOTT OLSON This week, the Consumer Financial Protection Bureau fined Bank of America $12 million for reporting false mortgage data. CFPB’s Press Release on the action stated that BofA “Loan officers routinely falsified forms about mortgage applicants.” In response to this action, the Community Home Lenders of America issued a statement renewing its longstanding…
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