SALES OF EXISTING HOMES ARE DOWN Nationally, sales of existing homes are down by about 2% month-over-month, and about 16% compared to this time last year. Markets across the country vary widely, with Raleigh being down by about 20% year-over-year but Orlando is down by less than 5% co...
When asked about the uptick in high income renters, Mark Hamrick, senior economic analyst at Bankrate, told Fox News Digital the following: "For those with real wealth, most will choose to buy homes because they don’t face the same kind of affordability challenges that less fortunate individua...
This is really a handout to the rich in disguise, since the rich buy bigger homes and pay more mortgage interest. If no one got a mortgage interest deduction, overall tax rates could easily be lower for everyone. And of course, people who must rent because they can't afford to buy ...
That being said, homes in Austin aren’t going for a steal, with the median price hovering in the low $500,000s as ofOctober 2023. Alternatively, monthly rental rates in Austin average$1,607for zero to two bedrooms (down 5.4% year over year), which could be a more feasible option if...
Relying on rental income also carries a strong element of risk. There is no way to guarantee that you will have tenants. Don’t forget the process of looking for tenants, such as with the help of a realtor or by posting listings, also incurs a marketing cost. Also, rental rates fluc...
3. Rental property cash-flow If you aren’t looking to sell, another common practice is turning foreclosed homes into rental properties, which can provide a steady stream of passive income, particularly in locations with strong rental markets. ...
Buying a home can be an exciting new adventure, and having the right guidance can make it easier. With so many homes available and so many factors to consider, you may not know what to look for. Put your worries to rest with these helpful tips for finding the perfect home so you can...
Now, having extra space that can be used for multi-generational living, to house aging parents or to generate rental income has become important to buyers seeking to make ownership more affordable, he says. “Lot size is becoming more important than house price because of this interest in ADUs...
For instance, negative factors may help lower your rental costs. After all, the landlord may be desperate for income and may end up slashing the monthly price. Tax Benefits Homeowners may benefit from certain tax benefits. The home mortgage interest deduction reduces any out-of-pocket ...
Many beach house investors claim that their rental income for the colder half of the year covers their expenses for the entire year. That effectively lets them live in the house for free during the non-peak season. But before you take the beach house plunge, it is essential to understand ...