Key Takeaways: – Investing in real estate can lead to massive wealth – It is a simple, repeatable process that many Americans have used to get rich – It takes knowledge and time to succeed – BiggerPockets is a resource for learning how to buy rental properties – Scott Trench, CEO of BiggerPockets, shares his…
Key Takeaways: – Prospective homebuyers are becoming less sensitive to home prices and high-interest rates – Fewer homebuyers are willing to wait for a better market to buy a home – Purchase activity has picked up, with an increase in sales of new single-family homes – Many homeowners are staying put and keeping their mortgages,…
Key Takeaways: – San Antonio’s convenient location allows for easy access to diverse destinations within a manageable drive – The relatively low cost of living in San Antonio, including affordable housing and everyday expenses, makes it an attractive place to live – The absence of state income tax in San Antonio allows residents to retain…
Key Takeaways: – The latest increase in conforming loan limits allows borrowers to make a lower down payment, benefiting homebuyers who were previously unable to afford a home. – The Federal Housing Administration (FHA) also adjusted its loan limits, providing opportunities for borrowers with lower FICO scores or higher debt-to-income ratios. – Millennials and buyers…
Key Takeaways: – Down payment assistance programs (DPAs) help first-time homebuyers bridge the gap between their savings and the down payment required to purchase a home. – DPAs can take different forms, such as grants, loans, deferred loans, or forgivable loans. – Examples of DPAs include the FHA’s low down payment loans, state-specific DPA programs,…
Key Takeaways: – The average age of U.S. renters is 39 years old, older than the average first-time homeowner. – Regional income variations impact the distribution of renters across the country, with more renters in the South compared to the Midwest. – Almost half of recent renter households make under $50,000 per year. – The…
Key Takeaways: – Fannie Mae is using computer vision technology to improve property appraisals – Computer vision can help detect differences between subject properties and their comparables – Fannie Mae analyzed a million appraisals using computer vision and found it to be highly accurate – Fannie Mae plans to deploy this technology in their loan…
Key Takeaways: – Inman Connect New York is an event that aims to address current market challenges and future opportunities in the real estate industry. – The story of Mica Dillard, a first-time homebuyer, highlights the important role of buyer’s agents in helping buyers navigate the process and secure necessary resources. – Homeownership disparities exist…
Key Takeaways: – The housing market is currently in an unhealthy state, with low sales and high prices. – Mortgage rates are expected to come down in 2024, but will still be higher than pre-pandemic levels. – There will be an increase in both buyers and sellers as rates decrease. – The timing of buyers…
Key Takeaways: – Galveston, TX is a charming coastal city known for its beautiful beaches, historic architecture, and vibrant culture. – The city offers a range of neighborhoods to suit every taste, from quaint historic neighborhoods to beachfront communities. – Downtown is a vibrant neighborhood with a mix of housing types and architectural styles, and…
