Good News for Landlords: Rental Market to Remain Strong for Years to Come

If you’re a landlord, the future isn’t looking too bad for your business. Demand for rentals has increased significantly over the past few years and is expected to remain strong in the foreseeable future. Continue reading

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Guest Post: Mortgage Rates Fall to Record Low, Yet Housing Market Still Sluggish

In recent market activity the average interest rate on a 30-year fixed mortgage fell to 3.94%. This matches the record low previously set a few months ago. Continue reading

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Merry Christmas and Happy New Year!

The economy may be a little rough and there’s a lot of crazy things going on around the world these days, but Christmas is always a good time to remember how much we all have to be thankful for. Merry … Continue reading

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What Pine Trees Can Teach Us About Making the Economy Healthy Again

Mark Spitznagel, the founder of hedge fund Universa, wrote an editorial over at the Wall Street Journal that brilliantly illustrates how attempting to prevent economic busts is not only completely futile, but far more painful and destructive in the long run. Instead of trying to prevent busts, we should instead welcome them as a necessary part of the process of renewing our economy. Continue reading

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NAR Releases Revised Existing Home Sales, Reports 14% Worse Sales Than Previously Thought

The National Association of Realtors, or NAR, has released it’s revised existing home sales numbers for 2007 to 2011. Continue reading

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Why a Better Interest Rate Won’t Necessarily Save You Money On Your Mortgage

A better interest rate doesn’t always mean you’re getting a better loan that actually saves you money in the long run. When evaluating whether or not a new mortgage will benefit you, it’s important to dig deeper than just what the new interest rate will be. Continue reading

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The Chinese Real Estate Bubble Has Finally Popped

The long-anticipated bust in China’s real estate bubble has finally arrived. With buyers drying up, real estate developers in Shanghai have slashed prices by up to a third – and sparked riots in the process. Continue reading

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Is Your Home Equity Line of Credit (HELOC) Damaging Your Credit Scores?

If you have a home equity line of credit (HELOC), it could be damaging your credit scores – even if you pay your bills on time. The problem has to do with your debt-to-credit (or credit utilization) ratio and how banks often report HELOCs to the credit bureaus. Fortunately, the problem is pretty easy to get fixed once you’re aware of it. Continue reading

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How a High Debt-to-Credit Ratio Can Damage Your Credit Scores Even If You Pay Your Bills On Time

If you carry a lot of credit card debt, you could be damaging your credit rating without realizing it, even if you pay your bills on time. Credit utilization, or debt-to-credit, is a big factor in how the credit bureaus calculate your scores, so it’s important that you understand how it works and manage your credit accordingly. Continue reading

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Housing Market Worse Than Thought: Existing Home Sales “Overcounted” Since 2007

Could the housing market be any worse? Well, apparently it could be, especially if existing home sales have been “overcounted” since October 2007. Continue reading

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