We aren’t talking about sea level rise: The challenges presented by the current housing market to first-time buyers have put many on a prolonged path to the American dream — even for a couple who has no debt, a dual-income household and more than $50,000 in savings. There are a lot of places to lay blame, and…
Zillow recently posted a study calculating the number of homes that would be underwater by the year 2100. Florida in particular has a few concerns: If sea levels rise on track with NOAA’s data, by the year 2100 almost 300 U.S. cities would lose at least half their homes, and 36 U.S. cities would be completely lost. One…
The internet lit up like a Christmas tree after Australian Millionaire Tim Gurner spoke to his country’s 60 minutes about Millennials not being able to afford buying a home because of frivolous luxury purchases like smashed avocados on toast for breakfast. And there’s no argument that not saving properly means you can’t afford a down…
We’ve spoken before about millennials and home ownership, but there’s a bit more to the story when we look outside of the US. A study from HSBC found that some 70 percent of Chinese millennials are already homeowners, with 91 percent planning on buying a house within in the next five years. China had the highest millennial…
According to Zillow, Orlando and Tampa top the list as the best markets for first time buyers with affordable homes and relatively more inventory than other markets. Indianapolis, Las Vegas, and San Antonio round out the top five with San Francisco and Silicon Valley dropping to the bottom of markets for 2017.
Owning a home has many benefits, including tax breaks and the potential to build value, plus mortgage payments are often lower than rent for a comparable home — especially over the long term. But in some cities, rent can be so high that it’s difficult, if not impossible, to save the recommended 20% down payment.
Many retirees are fed up with the paltry returns they get from bonds, the very poor interest rates paid by banks and the frenetic fits of the stock market.
Many people purchase property with the intention of renting it out and producing income from their investment.
You might be thinking, “Who is this person who keeps giving me awesome info on St. Petersburg and the Realty World??”
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