According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.
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During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.
- For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans.
- Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history.
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
If you’re in the process of looking for a home today, you know the supply of homes for sale is low because you’re feeling the impact of having a limited pool of options.
- Even with higher mortgage rates, the mortgage process doesn’t need to be something you fear. Here are some steps to help as you set out to buy a home.
- Know your credit score and work to build strong credit. When you’re ready, lean on the pros and connect with a lender so you can get pre-approved and begin your home search.
The way Americans work has changed in recent years, and remote work is at the forefront of this shift.
- If you’re a homeowner, your net worth has gotten a big boost. That’s because recent home price appreciation has increased your equity.
- Your equity grows as you pay down your loan and as your home increases in value. Over the past year, the average homeowner’s equity grew by $55,300.
- If you’re thinking about selling your house this spring, here are some things you’ll want to tackle before you list.
- Spend your time on tasks that make it feel inviting, show it’s cared for, and boost your curb appeal.
With all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in homeownership right now.
In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory.
If you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging.
There’s been talk about a recession for quite a while now.