Mortgage rates continue to fall for the fourth week in a row due to the Fed’s holding its interest rate steady on Wednesday’s FOMC meeting.
According to the National Association of REALTORS, in 2015, investment purchases saw an increase for the first time in five years. Meanwhile, vacation home sales cooled off but still remained at the second highest amount in nearly a decade.
Reflecting the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.
Remember: It is never too late to start saving for retirement. However, if you have not started saving, you need to start now.
Keep reading to find out what you need to do immediately to start planning for retirement.
It’s not surprising that today most investment advisors suggest real estate should be a substantial part of all investment portfolios.
In 2002, brothers Kelly and Chris Edwards bought their first house in Raleigh, North Carolina. They were both in their 20s at the time and had both noticed a trend that the people with the hihest net worth owned real estate. They bought the house for $88,000 and in the next years bought another four or five properties. Today, they own [...]
How much to save to fulfill your financial goals.
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Jeff Bezos has been all over the news as of late due to his impending divorce. The wealthiest man in the world, Bezos has made his fortune with a little-known company by the name of Amazon. Although his real estate holdings comprise but a small fraction ($84 million out of $137 billion comes out to 0.613 percent) of his vast riches, there is [...]
Many people avoid foreclosures like the plague, but if done right, they can be a great investment.
Boston is expanding at a rapid pace; in the last few years neighborhoods such as Seaport, Fenway, Southie and Assembly Row have seen massive developments that have completely changed their landscapes, both physically and economically.