Submitted by Rick Kahler on Thu, 11/21/2013 - 12:00pm
Want a good way to build wealth? Own commercial real estate. But only if you are willing to undertake due diligence that may not be readily available online, make a big hands-on commitment to mind the investment and exercise enormous patience.
Real estate is one of the largest asset classes in the world. The family home is the largest asset many middle-class Americans own. And real estate makes up a significant portion of the net worth of many wealth accumulators.
Submitted by Michael Kitces on Thu, 10/10/2013 - 3:00pm
Would-be homeowners long turned to the Federal Housing Administration for affordable mortgages. That’s also true for older folks and reverse mortgages, which they use to supplement their income by tapping the equity value of their homes. But the agency is tightening the terms on these loans.
Expanded loan volume paired with what some suggest is a decrease in loan quality have led to increased defaults and depleted FHA reserve funds.
Submitted by Tom Orecchio on Thu, 10/10/2013 - 12:00pm
The day has finally come. Your children graduated from college and started their first jobs. But more importantly, they no longer live with you or depend on you financially. So how do you downsize your home, now that you need less of it?
Downsizing your current home lets you cut down on house maintenance and property taxes. However, while part of it seems quite liberating, it can also be a bit scary leaving the house you lived in for the last few decades.
Here are a few things to consider as you contemplate this next chapter of your life:
Submitted by Kimberly J. Howard on Thu, 10/03/2013 - 12:00pm
Buying a home is life’s biggest financial investment for most people. Because of the size of the commitment, most buyers need a home loan and must choose a mortgage with unusual care. Here’s what to look for.
Since the depths of the Great Depression, the Federal Housing Administration has helped cash-strapped Americans buy homes. This government agency recently toughened some rules, and here’s what you must know now before applying for an FHA mortgage.
Submitted by Walid L Petiri on Wed, 09/25/2013 - 9:00am
Mortgage rates are up now and are driving higher in the future for two reasons, both emanating from Washington, including one that many are overlooking.
The first reason is well known: The Federal Reserve is planning to withdraw its bond-buying program. The second reason, whose impact is down the road, is the likely revamping or outright extinction of Fannie Mae and Freddie Mac, the two government-supported mortgage giants.
Submitted by Hilary Martin on Wed, 09/11/2013 - 3:00pm
Wondering if it’s better to buy or rent? You’re not alone. We have long been conditioned to view homeownership as an uncontested good, but the housing market took a serious hit during the Great Recession. Now that home values are recovering, will the American Dream of homeownership regain its luster?
Submitted by Brenda P. Wenning on Mon, 08/26/2013 - 9:00am
The economy stops and starts, rises and falls, offers good news and bad. Is any touted recovery real?
Optimists see progress as we move further from 2007 and 2008 and those full days of bad news. Those of us who are less than optimistic instead ask why it’s taken five years to reach our current dismal economic state.
Submitted by Dan Crimmins on Mon, 08/19/2013 - 9:00am
The long depression that crushed the U.S. housing market finally shows signs of easing. Now’s the time to divest creatively in not just companies that will obviously do well in any housing uplift, but less-obvious companies as well.
Conventional wisdom says what lifts housing generally lifts the American economy, too, and with reason: Housing involves a bigger universe of goods and services than most investors realize. Any uptick means good news for quite a few stocks.