Wondering what’s in store for the housing market this year? And more specifically, what it all means for you if you plan to buy or sell a home? The best way to get that information is to lean on the pros.
Experts are constantly updating and revising their forecasts, so here’s the latest on two of the biggest factors expected to shape the year ahead: mortgage rates and home prices.
As the population gets older, a growing number of adult children are deciding to have an elderly parent move in with them. This allows family members of multiple generations to spend time together regularly, which has physical and mental health benefits for older adults. A multigenerational living arrangement also costs significantly less than assisted living or nursing home care. If you’re thinking about creating an in-law apartment for your parents, here are some tips on how to make it safe.
Building equity in your house is one of the biggest financial advantages of homeownership. And right now, homeowners across the country are sitting on record amounts of it.
Here’s a look at how that equity could be a game changer for you, and why it’ll flip your perspective from “Why would I move right now?” to “Why wouldn’t I?”
Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the median down payment has too.
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