Mindblown: a blog about philosophy.
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U.S. Housing Market: What’s Pushing Prices Up?
Low inventory levels have helped maintain high home prices. Final sale prices reflect deals made a month or two earlier, maintaining current high prices.
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Happy Labor Day
Happy Labor Day! Labor Day is a day dedicated to honoring the contributions and achievements of workers and the labor movement. It marks summer's informal end in the U.S., as schools often start after the holiday. It offers a chance to ponder the historical strides in workers' rights and labor advancements. Cheers to hardworking individuals…
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New Inflation Report Is Good for Homebuyers
Cooling inflation could lead to Federal Reserve rate cuts, resulting in lower mortgage rates.Lower rates make homeownership more affordable with reduced monthly payments and long-term savings.
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Can You Buy a Home Without Income?
You can buy a house without income by proving financial strength or paying in cash. A strong credit history, including a high credit score, can improve your chances.
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Will Homes Get More Affordable, Or Not? There’s Reason To Think Both
Home prices reached a record high, with the S&P CoreLogic Case-Shiller Home Price Index showing a 5.9% increase over the past year. The market is experiencing conflicting dynamics, as high mortgage rates have discouraged homeowners from selling, creating a "lock-in" effect. However, inventory is rising, suggesting a potential shift towards a buyer's market. While lower…
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When to Sell Your Commercial Property?
Selling commercial Real Estate depends on financial strategy and market conditions.Plan for a six-month sales cycle, including preparation, marketing, and closing.
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How to Find the Best Mortgage Lender
When comparing lenders for a mortgage, ask questions to narrow down the list. Good lenders explain their recommendations and have a clear process. Consider factors beyond rates, like the lender's communication style. Ask about loan estimates, required information, preapproval process, available loans, recommended options, closing time, communication methods, in-house processes, community involvement, and cultural understanding.…
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Big US Banks Pass Fed’s Stress Test
The US Federal Reserve conducted annual stress tests on big US banks. The test simulates a severe economic downturn with a 40% drop in commercial Real Estate values.
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Navigating Mortgages: A First-Timer’s Guide
First-time buyers, amid student loan debt concerns, find relief with customizable mortgages easing stress.Fixed-rate mortgages stabilize payments but often start with higher interest rates.
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Inflation Battle: Easing Inflation or Risking a Housing Crisis?
The Fed paused rate hikes at 5.25-5.5% after 11 increases to tackle 3.3% inflation. Critics argue the "owner's equivalent rent" skews inflation data.
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