Real Estate

The NAR Settlement’s Impact On Commissions And Home Prices

Exciting news for homesellers and homebuyers! The National Association of Realtors (NAR) has reached a settlement in its lost $1.8+ billion lawsuit on price fixing and collusion, agreeing to pay $418 million in damages. This settlement marks a significant shift in the homebuying and selling business model, where sellers traditionally paid both their broker and […]

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Income Required To Afford A Typical Home By City In 2024

Zillow recently released an intriguing study that outlines the income needed to afford a “typical home” in different cities. The study considers a 10% down payment and utilizes the Zillow Home Value Index to determine the median home price in each city. A 10% down payment is lower than my recommended 20% down payment based

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The Best And Worst Times To Find Renters For Greater Cash Flow

One of the most effective ways to build semi-passive income is to own your primary residence, live in it for several years, then rent it out and purchase a nicer property. If you’re aiming to retire early, over a 20-year career, you could easily build a rental property portfolio consisting of 3-5 units. This has

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Climbed To The Top Of The Property Ladder And Feel No Happier

For those of you who are looking to upgrade homes, let me tell you a sad truth. I climbed to the top of the property ladder with my latest home purchase, and after five months, I feel no happier. Whenever someone would congratulate me about my home purchase, I felt nothing. What’s there to celebrate

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Past The Real Estate Market Bottom With Brighter Days Ahead

In this episode, I interview Ben Miller, the CEO of Fundrise, discussing his revised perspective on the real estate market for 2024 and beyond. The year 2023 posed challenges for institutional real estate investors, marked by 11 rate hikes and a significant surge in mortgage rates since the first quarter of 2022. As a result,

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How To Prepare For Upcoming Bidding Wars When Buying A Home

Anticipating future trends can lead to smart investments. Drawing from my 20 years of real estate investing experience, I expect bidding wars to resurge in the housing market in 2024 and beyond. The main reasons for the return of bidding wars in the housing market are as follows: If you believe the real estate market

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House Rich Cash Poor Is A Terrible But Fixable Situation

House rich, cash poor is when you have a lot of equity in your house but not a lot of cash. For whatever reason, a homeowner has untapped equity in their property but is unwilling or unable to withdraw it. Due to excessive spending habits or financial responsibilities, the homeowner feels poor. After paying for my

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2024 Housing Market Price Predictions By Industry Experts

Now that I’ve published the 2024 S&P 500 predictions, let’s look at the 2024 housing market predictions by various industry experts. The forecast for 2024 home prices ranged from -1.7% to +4.1% when I first published this post at the end of 2024. Now as of January 29, 2024, the 2024 home price forecasts have

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The Percentage Of Homebuyers Who Pay Cash And Why They Do

Partially thanks to high mortgage rates, the percentage of homebuyers who pay cash has risen. As of September 2023, according to Redfin, 34.1% of U.S. home purchases were made in cash. This is up from 29.5% in September 2022, when mortgage rates were lower. Redfin analyzed county records across 40 of the most populous U.S.

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