Netting cash isn’t the primary goal of investing in home projects. Many depreciate over time, so  you’ll unlikely recover 100% of what you spend down the road. However, you must improve your  home to help avoid a much more significant loss due to marketability issues, be able to demand  a high asking price and ultimately tu ..read more

Discover Who Pays Closing Costs in Louisville Home Sales -An Introduction When selling your Louisville home, it is important to understand the financial aspects involved, including the closing costs. Closing costs are the fees and expenses that need to be paid at the completion of a real estate transaction. This article will provide you with valuable information on who typically pays the closing costs in Louisville home sales. By understanding the basics of closing costs and the responsibilities of both the seller and the buyer, you can navigate this process with confidence. Additionally, we w ..read more

Introduction The real estate market is notoriously competitive, and receiving funding to further your real estate projects can be a huge struggle if you don’t effectively manage your relationships with your investors and make timely, correct decisions to maximize your fundraising potential.  The majority of businesses, at all levels, in most industries, make use of a CRM system in order to manage their sales and investment opportunities, which is also true for the real estate market. There are many features built into these software platforms that will help you increase the efficiency of ..read more

Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it. Typically, default is triggered when a borrower misses a specific number of monthly payments, but it can also happen when the borrower fails to meet other terms in the mortgage document. KEY TAKEAWAYS Foreclosure is a legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property. The foreclosure process varies by state, but in general, lende ..read more

Key takeaways Morgan Stanley has predicted a 10% drop in housing prices from June 2022 to 2024. This is juxtaposed with the 45% pricing increase the U.S. housing market saw between December 2019 and June 2022. Some markets are already showing a significant pricing drop, topping the list are metros like San Francisco, Seattle and San Diego. While house prices are likely to drop, demand for housing caused by America’s ongoing shortage is likely to prop up any cataclysmic losses for homeowners. We’re not likely looking at a 2008 situation. Between June 2022 and the end of 2024, experts at Morga ..read more

High mortgage rates have put some much-needed pressure on the housing market in recent months after home prices hit record highs across the nation. But as mortgage rates have shown some decline lately, many economists are mixed about whether home prices will continue to decelerate through 2023—or crash. The nation’s overall housing supply remains limited, as those who purchased homes in recent years at extremely low mortgage rates are staying put. This tight inventory has kept prices from really dropping off, making homes still unaffordable for many, especially first-time homebuyers. Even thou ..read more

 housing bubble, also sometimes referred to as a “real estate bubble,” occurs when the price of housing rises at a rapid pace, driven by an increase in demand, limited supply and emotional buying. Another significant cause can be a prolonged period of sub-normal interest rates. Lower rates allow more people to buy, stimulating demand. Once speculators recognize that housing prices are on the rise, they enter the market as well, further driving up demand. The phenomenon is called a bubble because inevitably, at some point, it will burst. Typically, it bursts when interest rates start to ri ..read more

Recessions and falling home prices aren’t anything new. Housing prices took a nosedive during the Great Depression of 1929 and, in hindsight, that housing recession wasn’t really a good time to buy real estate in the short term because it lasted until 1939. Dating back to 1945, there have been 11 recessions that have taken, on average, 11 months to reach their lowest point. Many of them shared drops in stock prices and consumer confidence—and they were all good times to buy real estate.1 The next time the economy begins to sputter, you might ask: should you buy a house during a reces ..read more

Today’s Current Mortgage Rates The average APR fell on a 30-year fixed mortgage today, slipping to 6.40% from 6.57%. Meanwhile, the average APR on the 15-year fixed mortgage is 5.66%. This same time last week, the 15-year fixed-rate mortgage APR was at 5.89%. Rates are quoted as APR. The average APR on the 30-year fixed-rate jumbo mortgage sits at 6.40%. The average APR on a 5/1 ARM is 7.40%. Last week, the average APR on a 5/1 ARM was 7.46%. Where Mortgage Rates are Headed Into 2023 Experts are forecasting that the 30-year, fixed-mortgage rate will stay within the 5% to 6% range in ..read more

Sometimes your mortgage lender’s appraiser says the house is worth less than you agreed to pay. This is known as an appraisal gap or a low appraisal. You may have to pay the difference in cash or renegotiate with the seller to keep the deal alive. What happens when the appraisal is lower than the offer? When facing an appraisal gap, you have the following options: Pay the difference in cash between the appraised value and the amount of your offer. Walk away, if you have an appraisal contingency in your purchase contract. Renegotiate with the seller. Request a review of the appraisal if you fi ..read more