Real Estate

EconomyMotley Fool

A Housing Market Crash Is Coming. Here's How to Prepare

History repeats itself. Here's how to get ready. How do we know that the meteoric rise in U.S. housing prices can't be sustained? Common sense and history. Common sense tells us that something will give. It may be that as more people sell their homes and inventory opens up, supply will keep pace with demand, driving down prices. Or it might be that prices will hit a tipping point, and home buyers anxious to save money by snagging a low rate will lose interest when sky-high prices eat up any possible savings.
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EconomyPosted by
NBC News

Homebuyers turn to baby boomer parents to help with purchases

For Jessica Yourdon, a 36-year-old social media coordinator based in San Antonio, getting married last fall brought the promise of first-time homeownership. But with the pressure of paying for both a wedding and a home at the same time, Yourdon and her husband found herself relying on the financial help of her parents to cover the down payment on her new three-bedroom ranch — a move some experts say is becoming increasingly common as home prices skyrocket nationwide.
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Las Cruces, NMDeming Headlight

Think twice before taking out a home equity loan

Thinking of purchasing a new vehicle or installing an in-ground swimming pool? Perhaps you’re in need of cash for college tuition, mounting debts or an extreme makeover for your family pet. Maybe you’d like to improve your home by remodeling or adding more space. Those uses and more can be financed using a home-equity loan or home equity line of credit (HELOC). But is it prudent to use the money – no matter what the circumstance? Maybe, maybe not.
Economyrealtytimes.com

Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest

The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country's most affordable homes rose 18.7%, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. By comparison, prices of mid-priced and affordable homes grew just 16% and 13.2%, respectively.
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EconomyMotley Fool

Lost a Bidding War on a Home? Here's How to Recover

Here's how you can pick up the pieces when you lose a home you wanted to purchase to another buyer. Here's how you can pick up the pieces when you lose a home you wanted to purchase to another buyer. It's a tough time to be looking to buy a...
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EconomyMotley Fool

Pending Home Sales Dropped in June, Which Means the Housing Market Could Be Cooling Off

A decline in sales could actually be good news for buyers. There's been a ton of demand to buy a new home as mortgage rates have hovered close to record lows for the majority of the year. But in June, pending home sales fell 1.9% compared to May, according to the National Association of Realtors. And that could be a sign that the housing market is finally starting to calm down.
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EconomyPosted by
Rolling Stone

When Should You Refinance Your Mortgage?

We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. If you’re wondering whether it’s time to refinance your mortgage, you first need to know how much you stand to save and how much refinancing will cost you. Ideally, refinancing will save you money in both the short term and the long term by reducing your monthly payment and lowering your interest rate. But you’ll need to make sure the savings are large enough that you won’t lose money after paying the closing...
EconomyMotley Fool

May Home Prices Broke Record as Per Key Index

It's no secret that homes have gotten expensive. But prices have actually reached a record high. Anyone who's been in the market for a new home can tell you that housing prices have soared over the past year. In fact, home prices have climbed so high they've hit a record.
Public HealthMotley Fool

Time Is Running Out to Apply for COVID-19 Mortgage Assistance

Homeowners who can't pay their mortgages can still request forbearance -- but they need to act quickly. When the coronavirus outbreak first erupted, millions of jobs were lost within weeks. And that put many homeowners in a position where they suddenly couldn't pay their mortgages. Normally, not paying a mortgage...
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Economybuildingindiana.com

Two Real Estate Firms Announce $7.5B Merger

Kite Realty Group Trust (NYSE: KRG) and Retail Properties of America, Inc. (NYSE: RPAI) announced that they have entered into a definitive merger agreement under which RPAI would merge into a subsidiary of KRG, with KRG continuing as the surviving public company. The strategic transaction joins together two high-quality portfolios with complementary geographic footprints creating a top five shopping center REIT by enterprise value. The combined company is expected to have an equity market capitalization of approximately $4.6 billion and a total enterprise value of approximately $7.5 billion upon the closing of the transaction assuming a KRG share price of $20.83, which was the closing price on July 16, 2021. This immediately accretive transaction, paired with a strong balance sheet and significant value creation opportunities, is expected to provide a runway to increase long-term value for shareholders.
EconomyMotley Fool

New Home Sales Reach Lowest Level Since Start of Pandemic

New home sales are down. Could the housing market finally be cooling off?. The demand for homes has been sky high throughout the pandemic as mortgage rates have sat at or near historic lows. But things may finally be starting to cool off. In June, new home sales dropped to...
Personal Financecryptopolitan.com

PP promotes mortgage crypto payments

• PP trusts crypto payments and the Blockchain network for the financial sector. • Spain could show a new panorama in which they would support cryptocurrencies for companies. Crypto payments could increase in the coming weeks after the PP group announcement regarding the mortgage service. The organization that has supported...