26
Sep
By Todd Grey
Market Outlook, ,

Case-Shiller: July Home Price Growth Hits Lowest Pace in 12 Years

Case-Shiller's National Home Price Index reported U.S. home prices grew by 3.20 percent year-over-year in July; as compared to year-over-year home price growth 0f 3.00 percent posted in June. Cities with the highest rates of year-over-year home price growth were Phoenix, Arizona with 5.80 percent year-over-year home price growth. Las Vegas, Nevada had 4.70 percent year-over-year home price appreciation and Charlotte, North Caroline bumped Tampa, Florida from the top three cities with home price appreciation of 4.60 percent. Tampa, Florida posted 4.50 percent year-over-year home price growth in July. Home Price Growth Stalls In West 14 cities had higher home…
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25
Sep
By Todd Grey
Real Estate, ,

4 Reasons to Take Your Own Car When Viewing Homes

When you're in the market for a new home to buy, your real estate agent will likely invite you to ride along with them to view homes. This is a convenient courtesy, but you may want to reconsider. Your other option is to follow the real estate agent in your own car instead. Here are some reasons to take your own car when viewing homes: 1. It Gives You Time To Confer With Your Partner After you've looked at one house, getting back into your private vehicle with your partner allows some time to openly talk about the house you…
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24
Sep
By Todd Grey
Mortgage, ,

Expanding Opportunities For Home-Buying In ‘Opportunity Zones’

Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act to encourage investors with capital gains on other investments to invest that money in low-income and undercapitalized communities. They get a reward of deferring capital gains tax. They avoid a portion of it altogether if they keep the investment for five years or longer.  What started with a trickle of a few Opportunity Zones scattered around the country is now a deluge with over 3,000 approved Opportunity Zones approved in just about every part of America. 4,700 more areas may also qualify. Opportunity Zones Expanded Dramatically The very…
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23
Sep
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – September 23rd, 2019

Last week’s economic reports included readings from the National Association of  Home Builders on housing market conditions, Commerce Department reports on Housing starts and building permits issued and the National Association of Realtors® report on sales of previously owned homes. The Fed reduced its key interest rate and weekly reports on mortgage rates and first-time jobless claims were also released. Builder Confidence in Housing Market Improves, Sales of Pre-Owned Homes Rise The National Association of Home Builders Housing Market Index rose one point to an index reading of 68 in September. August’s reading was adjusted to 67 from an initial…
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20
Sep
By Todd Grey
Mortgage, ,

How To Crowdfund A Renovation Project

Crowdfunding came into prominence with the Jumpstart Our Business Startups (JOBS) Act that President Obama signed into law during 2012 and subsequent enhancements. The JOBS Act made it easier for startups to raise money and for the first time allowed the legal ability to advertise the investments and accept small investors. Innovate And Renovate Crowdfunding is useful for many projects. The method raises money to create new products, make documentary films, and for many kinds of fashion items. Crowdfunding successfully raises money for real estate transactions.  Smaller investors participate in real estate projects that they would otherwise not have enough…
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