One major side effect of higher home prices is higher down payments.
Down Payments Higher Now than Pre-Pandemic
LendingTree took a look at how expensive down payments are across the country’s 50 largest metro areas. This personal finance platform found that the average down payment came in at $46,283 among these largest metros.
LendingTree analysts also looked at how expensive down payments...
Self-storage rents and occupancy rates are at record highs. Investors and entrepreneurs want in.
Monetizing Underutilized, Existing Space for Storage
According to the trade group Self Storage Association, there are roughly 55,00 self-storage facilities in the US operated by more than 30,000 owners. Though there are five publicly traded real estate investment trusts focusing on storage businesses, Timothy J. Dietz, president...
Tim and Julie Harris challenge you to think bigger in today's podcast!
10x your thinking.
If you can pay your bills on 1 deal every month, think what you could do with 5 per month; with 10? Why CAN'T you do that? Make your list and see if those excuses are actually true or not.
What do I believe?
Is that...
Mortgage applications jumped to its highest level since April during the week ending September 10.
Total Mortgage Application Volume Up Nearly +5%
Homebuyers and homeowners returned from Labor Day holidays and decided to either buy or refinance a home.
According to the Mortgage Bankers Association (MBA), mortgage purchase applications rose +2% for the week and applications to refinance a home loan increased...
Exodus from New York, San Jose and San Francisco slowed in 2021.
Homebuyer Migration Patterns Changing in 2021
Yes, relocating homebuyers are still relocating to more affordable, less dense metros BUT, according to CoreLogic, there have been fewer relocating homebuyers than there were in 2020.
Using its own Loan Application Data to zero in on trends in owner-occupant homebuyer mobility and migration...
Homebuyer demand in the United Kingdom is the strongest in suburban, countryside and coastal locations.
UK Home Sales Spiked Almost +21% in August
According to HM Revenue & Customs using data from the country’s tax payments and custom authority, home sales in the United Kingdom jumped +20.8% y/y and a HUGE +32% m/m compared with July’s transactions.
Nick Leeming, chairperson of the...
Tim and Julie Harris bring you some new thoughts on how to think big! Complete with homework along the way...
Be ok wanting things. Embrace the wanting of things. We are spiritual beings in a physical manifestation. We need stuff; it might as well be nice stuff.
How nice is YOUR stuff? Are you still driving that 2005 Camry with 200k miles? That's...
Manhattan's 2021 luxury segment could well surpass 2014's benchmark year of $11.2B in terms of profits.
Manhattan’s Luxury Buyers On Track to Surpass Record Spending in 2021
Manhattan’s luxury buyers are buying up a storm this year. Collectively, these luxury buyers are on track to spend more than $11.2B in 2021, more than their record benchmark spending in 2014.
READ: 2022 Top...
Home flipping rebounded in Q2 2021 while profit margins continued to drop.
Home Flips Represented One in 20 Transaction in Q2 2021
For the first time in more than one year, home flipping activity increased during Q2 2021. The ATTOM Data Solutions Q2 2021 US Home Flipping Report indicated that home flipping activity increased from 3.5% of all sales (one in...
Rent for a typical single-family rental property increased +8.5% in July after rent prices jumped in June to their highest level since 2005.
Rent Prices for Single-Family Properties on Skyrocketing Tear
The just released CoreLogic Single-Family Rent Index report tells us that rent prices for an average single-family home jumped another +8.5% y/y in July after June’s increase of +7.5%.
This +8.5%...
