News From Guam
News related to Guam will be posted here. See below for other relevant and useful information about real estate, finance and policy issues for homeowners and prospective homeowners.
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In December 2017, Congress passed a massive tax reform billed call the Tax Cuts and Jobs Act (TCJA). A few aspects of the TCJA affect homeowners and the tax incentives for owning a home.
After the extensive process of finding the perfect dream home, now you’re finally ready for the big move.
America’s infrastructure has become like an old home in need of a deeper renovation. Its roads may be freshly paved, but underneath the new asphalt are 100-year-old water mains that could fail at any time.
It’s time to take this dream of homeownership off the backburner and make moves, both figuratively and literally.
Investment in mass transit has far-reaching effects that benefit homeowners, fuel the economy and increase sustainability.
Candidates often talk about “making sure there is enough money for local infrastructure.” But what does that really mean to you as a homeowner?
Most people who take out a loan to buy a home choose the 30-year fixed-rate mortgage. It’s considered the gold standard. And yet, some want to see it go away.
Right now, the home insurance industry is experiencing what many refer to as a disruption because of the data smart devices can provide them.
There are a lot of different routes for first-time homebuyers to enter the housing market – and many of those roads are designed to help them traverse the sometimes craggily path toward homeownership.
Veterans are discovering that real estate investing, or house flipping, is a career path that is well matched with the skill sets they learned in the military.
These three questions will help you find out if your REALTOR® is armed with the knowledge you want behind you during the homebuying process.
Pet customizations are becoming a standard wish-list item for many prospective homeowners.
Advances in real estate technology are a big reason why homebuyers are getting comfortable making one of the most important decisions of their lives from a laptop.
The McMansion was considered the ultimate sign of affluence in the late 1980s, 1990s, and early 2000s, before the crash of the housing market in 2008.
Know what your homeowners insurance covers if a trick-or-treater gets injured, or if your property gets damaged on Halloween.
Members of Congress ask for upgrades to schools, transportation, utilities, hospitals and more in areas that are part of or are close to military installations.
Earlier this month, we suggested it was a good idea to document your belongings as a precaution to any kind of disaster. The response to our story was overwhelmingly positive.
Documenting all of your belongings certainly may seem like an intimidating undertaking, but with the right assistance and resources it can be totally manageable.
Do “disaster investors” help or hinder communities hit by events like hurricanes, tornados, floods or wildfires?
It’s been a long-time coming, but new loan policies for condominiums are finally coming to fruition which will create more housing affordability for Americans.
In cities around the country, legal cannabis dispensaries are acting as a beacon – indicating that a neighborhood’s property values are, or soon will be, on the rise.
NAR has published a profile of Lesbian, Gay and Bisexual Home Buyers and Sellers for the first time in it’s history.
REALTORS are working towards passage of the Equality Act, which would prohibit discrimination on the basis of sexual orientation and gender identity.
Becoming a homeowner is a big decision, so you want to make sure it’s right for you. If you’re on the fence, we have 8 signs that it may just be time to take the plunge.
While home prices are increasing in 91 percent of U.S. Markets, prices are slipping in some of the costliest markets, according to a new report.
According to a recent FBI report, “business email compromise attacks” on real estate are on the rise and potential homebuyers and sellers need to be aware.
A recent Supreme Court decision disallows the government from turning private property into public property without first paying for it.
In June, President Donald Trump signed an executive order to create a new White House Council to tackle affordable housing issues across the country.
While the nation recognized National Homeownership Month in June, the fight to protect and preserve the American Dream endures all year long.
Veterans who secure loans through the VA’s Home Loan Guaranty Program will no longer have a capped amount on what they can borrow.
The 24 millionth VA loan was recently given to Army Sgt. 1st Class William Kopf, an Active Guard Reserve Soldier.
Mortgage rates at the end of May dipped below four percent for the first time in 16 months and have now dropped a full percentage point since November.
If you’re ready to tackle an overgrown garden, take on the repair jobs you’ve been side-eyeing all winter or are just focused on the topic of homeownership, the following podcasts are for you.
Many rural residents today are struggling to find affordable housing, keep their homes in good repair or simply keep their homes at all.
Homeownership rates fell for the first time in more than two years, but there is a debate as to whether this is just a temporary blip or the start of a decline.
Senior homeowners in rural areas face challenges that their urban and suburban counterparts might never know.
The embattled National Flood Insurance Program is central to U.S. disaster preparedness efforts.
How do you feel about homeownership? What does it mean to you? Vote in our poll about homeownership.
If it’s time to make the leap and buy a home, take a minute to look over our “Do’s and Don’ts for First-Time Homebuyers.”
When you’re overwhelmed with student debt, it may seem like homeownership is unattainable, but that is far from the truth.
Recent data show that 23 percent of homeowners and 47 percent of renters are considered “cost-burdened,” meaning they paid more than 30 percent of their income for housing.
There are currently 1.5 million individuals that have been diagnosed with ASDs in the United States. The demand for homes that will appeal to the unique needs of these adults is growing.
Waking up to discover your finished basement is knee-high with water or returning home to find that a thunderstorm “installed” a new window in your living room is every homeowner’s fear.
Inventory is too low – That’s a fact. It’s also a fact that industry groups aren’t sitting idly by. Here’s their strategy.
Not every parent is in a position to write a big check. There are plenty of alternative ways to support their dream of homeownership.
Where is the best place to live in your golden years? When it comes time to retire, seniors have many factors to consider.
Ten Million Americans said last month that their top financial goal for 2019 is to buy a home.
The partial government shutdown is having a negative impact on the real estate market.
The supply of homes for sale and the vacancy rates for rental housing have stabilized and are inching up again. But, demand is outpacing the current supply — especially at entry-level points in the market.
While many homeowners, homebuyers and real estate investors will see benefits from this legislation, some markets may still see diminished tax benefits and adverse impacts to the real estate market.
Take our quiz to see how much you know about the factors impacting the housing supply in the US.
Congress has passed an extension of the National Flood Insurance Program, avoiding a lapse that would have impacted thousands of home sale transactions in communities across the country.
A recent survey ask different age groups what was their most important reason to be a homeowner. Now, you tell us!
The biggest hurdle for first-time homebuyers is saving for a down payment and student loan debt is a significant contributor.
Generation Z is ambitious about homeownership, and it shows through their savings habits.
Nearly all metro markets saw increases in single-family home prices with a handful of markets increasing by double digits.
New findings from the National Association of Realtors® show that the quality of schools is a critical factor in deciding whether or not to buy a home.
When it comes to short-term rental regulations, finding what works for one municipality may not work for another.
As part of National Preparedness month, here are a few tips on the best ways to prepare for intense weather and other natural disasters.
Nearly three in 10 mortgage borrowers either don’t know the rate they’re paying on their loan or decline to disclose it, according to a new survey by Bankrate.
New findings from the National Association of Realtors® show that a high number of Americans, 68 percent, believe that now is a good time to buy a home. What do you think?
Did you know June marked the 76th straight month of year-over-year gains in the median price of an existing home?
30% of those with vacation properties and 32% of those with investment properties plan to rent them in 2018 as a short-term rental.
Senators from both sides of the aisle are calling on HUD Secretary Ben Carson to finally make condominium ownership a more feasible option for American families.
NAR’s latest survey finds that a majority of consumers believe prices have and will continue to increase and that homeownership strengthens our nation’s communities.
As part of Home Ownership month, we are recognizing Homeowner Heroes through history and today.
In recent years, baby boomers have been active in the housing market, coming in at a close second to millennials as the largest generation of home buyers.
Differences in household composition and financing options incentivize homebuying demand for veteran and active military.
Across the country, states are stepping up to the plate to help future home buyers through programs that help them save the money they need, tax-free, to purchase their first home. It turns out these programs help current homeowners, too.
Despite consistently low inventory levels and faster price growth, existing-home sales bounced back in February after two straight months of declines.
The IRS has recently clarified and confirmed that under the new tax law owners can continue to deduct the interest on a home equity loan, line of credit or second mortgage.
The housing market likely won’t be deeply affected by the sharp decline in stocks in recent days because underlying economic fundamentals remain strong.
The following is an overview of provisions of the new tax reform law affecting current and prospective homeowners. Home Ownership Matters will be providing ongoing updates and guidance on this topic in the coming weeks.
To illustrate how the new law might affect a first-time homebuyer, consider the example of Barbara Buyer.
To illustrate how the new law might affect middle-income family of five, consider the example of Steve and Melinda.
According to a new report from the National Association of Realtors® (NAR), both millennials and those from the silent, or greatest generation, agree – walkable communities are the preferred way of living.
If there were ever a doubt that mortgage interest and property tax deductions influence future housing decisions, there shouldn’t be any longer.
Experts say there is a clear path to improving the landscape for homeownership.
The states with the greatest increases include New York, New Jersey, California, Virginia, Minnesota, Utah, Pennsylvania, Ohio, Illinois and Michigan.
Homeowners expecting a big tax cut from the tax reform proposals being considered in Washington may be in for an even bigger surprise.
Selling your home is not an easy process. In fact, it’s harder than most people think. But there are ways to making it easier, and one of those ways is staging your home.
Some homeowners have learned the hard way that the remodeling projects they’ve chosen to invest their time and money into don’t always bring the returns they banked on.
A list of remodeling projects that received a perfect “Joy Score” of 10 from homeowners.
Here is all you need to know about the National Flood Insurance Program (NFIP), and the proposed legislation to reauthorize the program once it expires at the end of the year.
The National Flood Insurance Program must be reauthorized by Congress every 5 years in order to continue selling flood insurance. That authority is again due to expire at the end of the year unless Congress acts to extend it.
Eighty-four percent of Americans now believe that purchasing a home is a good financial decision – the highest number since 2007, According to the National Association of Realtors®’ 2017 National Housing Pulse Survey.
The recently released outline of a tax reform plan is well-intentioned, but leaves too much of the tax burden on the shoulders of homeowners.
Legislatures across the country are considering bills that would create savings accounts for first-time homebuyers.
The number of Generation X home buyers is increasing thanks to an improving economy, strong job growth and an increase in home values.
Purchasing a home is a big investment and you should feel at ease asking questions, and discussing the process with your loved ones and your lender.
In 2007, Florida REALTOR® Sherri Meadows had a discussion with a waiter that ultimately sparked a nationwide effort among her colleagues to address issues of homelessness.
Short-term residential rentals are the best thing since sliced bread for folks who use them. But, they may be negatively impacting your own home’s value.
If you experience problems or discrimination while going through the home loan process it’s important that you know what recourse you have.
Whether you plan on staying in your new home for five years or fifty, it’s important to make sure you are protecting your investment.
It’s tough enough to find an affordable rental in today’s tight market, so when you see that perfect place for an even more perfect price, take a closer look. It could be a scam.
Read about some of the common pitfalls homeowners should avoid during the mortgage process.
Once you’ve decided to move forward with a lender based on the Loan Estimate, you are ready to shop for the closing agent who gathers all the legal documents, closes the loan, and handles the money involved in your purchase.
As a consumer, it’s important to enter the mortgage selection process with a firm grasp on which financial arrangement will work best for your household.
Prospective homeowners and home renters in San Francisco and San Diego continue to find it a challenge to find available properties to purchase.