Homeownership continues to be a goal for many people, with it being a sign of stability and financial capability. And for young professionals, it’s often considered an important milestone in their journey toward a secure future. However, economic landscapes and homeowners’ lifestyle goals continue to evolve over time. Therefore, downsizing to a smaller home benefits […]
Why Choose a Real Estate Agent Over “For Sale By Owner”
The number of houses sold in the U.S. has steadily risen since 2011, except for 2014 and 2018. In 2021, the United States sold over 6.1 million homes. This number is the highest in the recent history of the country’s real estate market. Experts expect this trend to dip slightly in 2022 and regain its […]
How to Use an Escalation Clause When Buying a Home
Home prices have consistently risen. For instance, according to Statista, the median price for a single-family house stood at about $391,200 in April 2022. That represents an increase of over $100,000 since 2018. Mortgage rates have also risen significantly. You’d expect these sharply higher rates to slow down house price appreciation. As a prospective buyer, […]
What are the Financial and Tax Benefits of Homeownership?
Homeowners who have maintained their properties in good condition can see a significant return. Even adjusting for inflation, home values tend to have positive gains over the years. Note: Consult your licensed financial tax expert before making changes in homeownership for financial and tax purposes. Home Price Trends While the average home price has risen […]
Renting vs. Owning a Home
Owning a home is a life-changing decision, and it’s something to take seriously. And while homeownership is the ultimate goal for most people, owning a home has several challenging aspects. If you’re still renting and contemplating whether to renew your lease or buy a home, here are some essential points to help you decide. The […]
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