With home prices skyrocketing across the country, finding a cash-flowing rental property may prove more challenging. The rising costs of owning the property are squeezing out more investors’ profits.ATTOM Data Solutions, a real estate tracking firm, identified the places where landlords can still find income-producing properties. The research team looked at 8,841 U.S. ZIP codes to find the best rental properties with cash-producing opportunitie
Homeowners affected by the California wildfires may be eligible to defer their mortgage payments for up to 12 months. Mortgage financing giants Fannie Mae and Freddie Mac have issued guidelines for wildfire victims with single-family mortgages.Victims may be eligible to stop making mortgage payments in three-month intervals, up to 12 months. They also may be eligible to avoid late fees during this temporary payment break, and to not have delinq
Key Takeaways Humor, returning to normal routines, taking care of yourself, reducing workload, focusing on what can be done and sharing gratitude can help guide you past trauma.Hurricanes, floods, fires, the mass shooting in Las Vegas, rape and sexual abuse scandals in Hollywood, fears about a nuclear attack from North Korea — the horrific news keeps piling up with no apparent relief in sight.What steps can you take to find your footing in th
Using vivid language to stir up emotion is one of the best ways to provoke prospects to take actionEver wondered how some real estate agents can craft property descriptionsthat hit home with buyers? How do they choose their words in a way that makes the ordinary sound enticing?It may not be as hard as you think. In fact, I’m going to share a simple secret. Those agents use words that toy with the emotions of their audience. Some writers refe
The infrastructure around a listing is becoming increasingly important to house hunters. It’s more than just public transportation options; it also includes the condition of highways and sewers, as well as the state of the drinking water.“Cities that keep up with infrastructure needs are a big step ahead in attracting home buyers,” says Scott Muldavin, chair of the Counselors of Real Estate, an industry group based in Chicago. Buyers
As homeowners gain more equity, they are expected to continue heavily investing in home improvement projects and repairs through the third quarter of 2018, according to the latest Leading Indicator of Remodeling Activity report released by the Joint Center for Housing Studies of Harvard University. The LIRA index projects annual gains in home renovation and repair spending of 6.3 percent for the fourth quarter of 2017 and up to 7.7 percent by
Consumers trust real estate professionals and lenders more than online sources or family and friends when it comes to obtaining information about mortgages, according to a new Fannie Mae survey based on 1,000 responses. Recent home buyers surveyed, including younger age groups, say they consulted multiple sources of information about the mortgage process but found lenders and real estate agents to be more credible than mobile apps, websites, an
Your clients may one day live in a battery-powered home, and that’s getting closer to reality for homeowners in New York, California, Massachusetts, Hawaii, Vermont, and Arizona. Many municipalities in those states are revamping their electrical grids and turning to batteries to make them more efficient. But the average homeowner likely won’t notice the change. Most plans call for batteries to be tucked into a sort of neighborhood junction bo
One of the biggest segments of new renters is empty nesters ages 55 and up, as multifamily developers reconsider their original focus on millennials. Between 2009 and 2015, the number of renters older than 55 increased 28 percent, or 2.5 million—the largest uptick of any age group, according to data from rental listing site RENTCafé. Meanwhile, the number of renters ages 34 and younger rose just 3 percent during the same time period.“Loweri
The city of Austin, Texas, has been named the “most changed” in the country over the last decade, with the most dynamic transformations to its housing market, incomes, crime rates, and economy compared to any other large U.S. metro, according to a new analysis by MagnifyMoney, a subsidiary of LendingTree. In fact, several Texas cities topped the list of most evolved economies and housing markets in the last 10 years.MagnifyMoney analyzed dat
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