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.
Time to Speak Up!
Tell Congress to provide meaningful rental assistance to ensure the stability of the housing market and the financial health of our communities. Learn more.
A look at how the pandemic has changed which features are the most important to prospective home buyers.
Historic preservation projects funded by grants through organizations like the African American Cultural Heritage Action Fund are good for cities.
See the list of states with some of the fastest rising home insurance rates in the country.
Section 1031 of the Internal Revenue Code allows a real estate property, used for business or held as an investment, to be exchanged for another property that is of “like-kind.”
As the pandemic continues, homeowners are feeling the need for to increase the space or layout of their home. As a result, home renovations are booming.
Learn how Fannie Mae and Freddie Mac’s new fees might impact your refinancing costs.
How to rebuild if your home has been damaged or destroyed by recent storms.
Whether your move is planned or due to an unexpected, making sure you’re registered to vote at your new address is important.
How to rebuild if your home has been damaged or destroyed by recent wildfires.
The CDC put a halt on evictions through the end of 2020 to prevent the further spread of COVID-19. But might that create a new crisis in 2021?
Learn how you can take advantage of the money you’ve invested into your home to retire early and comfortably.
Without meaningful rental assistance legislation, the Center for Disease Control’s nationwide federal eviction moratorium is a recipe for disaster for renters and housing providers alike.
Whether you are buying or selling a home, having a thorough understanding of contract contingencies and their benefits are crucial.
As a homeowner, being as prepared as possible for a fire is crucial for the safety of you and your family. Stay calm and collected with these tips.
We rounded up a list of clever, Instagram cleaning tips that will keep you motivated when you’ve grown tired of cleaning your home.
Acquiring a pet can come with specific challenges for homeowners. Learn how you can prepare your home for a furry new family member.
Are you a first-time homebuyer? Learn how the new National First Time Homebuyers Pandemic Savings Act could help you move into your dream home.
What exactly is a Home Energy Rating, how do you learn what yours is and why is it especially important if you plan on selling your home?
If your home was damaged during a civil protest would the repairs be covered by your home insurance? Find out here.
Redlining may have happened generations ago, but its impact are still felt today, especially during a pandemic.
Interested in raising chickens at home? Learn how it will impact your home value and which regulations to be mindful of.
With the summer approaching, it’s a great time for those living in hotter climates to prepare with the best AC unit that is energy and cost efficient.
Pay off your mortgage early and live debt free with these 5 methods and tips.
Thanks to COVID-19 millennials do an about face and look to suburbs – not cities – for their next home
Millennials are shifting homebuying priorities thanks to COVID-19, taking a page out of the “Boomer” handbook and choosing the ‘burbs over the city
Are you strapped financially due to COVID-19 and is that impacting your ability to pay your mortgage? The FHA’s new “waterfall” could help.
Is it better to list your current home before starting a new home search or to wait until you’ve found your next house?
With no additional pandemic relief packages yet announced, renters face a precarious future as boosted unemployment payments end and evictions resume.
Your home may not be as safe from a flood as you think. A new model found that almost six million more homes are in danger than previously thought.
When your home purchase falls through, what happens to the escrow or earnest funds you put down?
How homeowners and sellers can protect themselves from cyber fraud when conducting a virtual home closing.
Why HUD borrowers should take advantage of the organizations valuable, and free, counseling services.
As more citizens are working from home, affordable suburban neighborhoods in smaller cities are becoming more appealing in the real estate market.
Hybrid housing arrangements combine the advantages of renting and owning, making it popular amidst the pandemic.
Many of us are anxious to allow others back into our homes, but concerns over COVID-19 may have you wondering if it’s safe for a barbecue or yard sale.
If you were poised to buy your first home at the start of 2020, the spread of COVID-19 may have caused you to hit the pause button.
The National Association of REALTORS has put together a new training video to help members understand what implicit bias is and how to overcome it.
Before you pick up your shovel and hoe, you’ll want to check with local ordinances to make sure your victory garden isn’t in violation of zoning laws.
While no one can be certain how things will go as we reopen, there are 3 positive market indicators suggesting an optimistic future for homeowners.
Now that we’re getting back to a semblance of normalcy, homeowners are ready to put their houses on the market, post haste.
Even though paying your homeowner’s insurance may not always feel like a priority, canceling or defaulting on your property insurance can create trouble.
New reports reveal another fast-growing group of homebuyers: single women.
Homeowners that felt the switch to solar power too expensive are now able to make the move thanks to new energy policies.
Renters have been protected during the pandemic from being evicted, but individual landlords who rent homes as a small business are suffering.
How the pandemic has changed the home refinancing process, including making the process take longer.
With so many relying on the internet lately, there has been a surge of COVID-19 related scams. Here’s how to spot them and avoid them.
The impacts of COVID-19 were swift and unexpected, leaving many homeowners in a financial emergency. If you are struggling, seek help now.
Single women are the homebuying group that won’t slow down; there is no doubt about that. Although one question is, where exactly are these female homeowners?
Single women are emerging as a driving force in today’s real estate market.
A look at the smart home technology that’s helping seniors to safely live at home longer.
As the COVID-19 pandemic spreads, it is becoming apparent how many people don’t have access to clean and reliable water—780 million.
Tiny homes are providing shelter for frontline workers and those that need a safe, inexpensive space to quarantine in.
Airbnb owners need more relief if they’re going to outlast existing COVID-19 restrictions.
As students all over the country acclimate to a virtual classroom, huge broadband gaps in rural areas are exposed.
A look at which smart home devices are worth the investment for homeowners.
What will happen to property taxes in your area and nationally when the country returns to business as usual following the coronavirus pandemic?
More people are working from home because of COVID-19. Might that be a new normal? Multi-family developers are betting on it.
Homeowners and property rental companies are helping to provide temporary housing for health care and other essential workers.
Despite a reduction in real estate transactions because of COVID-19, sellers remain bullish with their sale prices.
While we’re all staying safe inside, why not focus on home improvements? Find out when to splurge and when to save when it comes to DIY projects.
If you are concerned about meeting your mortgage obligations, don’t wait until you fall behind. Acting quickly may help you keep your home.
COVID-19 has challenged homeowners to find better ways of keeping our dwellings safe – including increasing our home’s security.
What can homeowners do to limit energy usage? Here’s how you can keep your utility bill low to offset rising energy costs.
Three resources that will make selling your home during divorce less stressful.
Timing is everything, especially when it comes to selling your house. Should you sell your home while COVID-19 shelter-in-place orders are in effect?
Watch “What You Need To Know: Mortgage Forbearance” about making mortgage payments during the COVID-19 pandemic.
Actionable advice for homeowners who are having difficulty making their mortgage payment.
The reality is that an economic recession in the near term will only slow the development of more affordable housing moving forward.
While notaries have been deemed as “essential services”, many people are avoiding situations that don’t involve social distancing.
What you need to know about homeowners’ tax credit and tax benefits and how you can save you money.
Real estate contracts between buyers and sellers are changing because of the COVID-19 pandemic and the change may become permanent.
With these 7 secrets to cutting down your property taxes, you’ll forget how much you once dreaded Tax Day.
The new CARES Act brings relief to homeowners with federally backed loans.
Minority home ownership saw a long overdue increase at the end of 2019. While this increase is a good sign, it’s important to look at it in context.
Whether you’re a new homeowner or have been one for decades, these are the 3 key changes to be aware of when filing your taxes. Download this infographic as a PDF or View as an enlarged version.
How to safely make the leap from renter to homeowner during the COVID-19 pandemic.
How to find balance with work, school and home life while sheltering-in-place.
In some places, homebuying is still happening, albeit with COVID-19 precautions. However, in other places, the market has slowed to a near standstill.
Everything from transfer taxes to impact fees seem to be fair game these days. While homeowners may feel helpless when this happens, there is a way to fight back.
As social distancing and stay-at-home orders are in place, renting your property short-term is also being stopped by local and state governments.
Turning your home into your workplace or adapting your existing work-from-home space to accommodate family members is no easy task.
Here are five simple fixes that you can accomplish that don’t require you to make non-essential trips to the hardware store.
Enacted in the late 1960’s, fair housing laws make our communities stronger and more diverse.
HUD has earmarked $40 million in grant money to support local and national fair housing efforts geared to eliminating housing discrimination.
History has proven that when the American housing market experiences a disruption, as it has before, it has been met with tenacity and resilience.
Since the enactment of the Fair Housing Act, the homeownership rate gap between white and black Americans hasn’t significantly changed.
A list of links if you are seeking aid or assistance for yourself and your property while waiting for the coronavirus outbreak to subside.
Government agencies announce suspension of evictions for renters and homeowners due to the COVID-19 pandemic.
Tips for property managers to help you prepare and stay informed during coronavirus pandemic.
While you may keep your home squeaky clean, it is still possible to bring germs back into your home, and there are dozens of nooks and crannies where said germs can hide out.
With the help of “smart” devices like thermostats, sensors, power strips, and water systems, you can cut your utility bills nearly in half.
The global pandemic is having an impact on global financial markets and likely will impact the U.S. Real Estate market soon.
Because of remote work we’re spending more time in our homes than ever before and it’s changing the way they look and the criteria we use when we shop for a new one.
Think that renting where you work and buying where you vacation might be an option for you? Consider the pros and cons.
Artificial Intelligence is no longer a futuristic, sci-fi concept. In fact, it’s likely you’re already interacting with it every day without realizing it.
Home prices continue to rise faster than wages in a majority of Metropolitan areas, according to a new report.
It’s important to look into an area’s long-term transit plans before making your final decision on a new home, especially if you rely on public transportation.
There is a noticeable impact on the demand for commercial property and residential housing in states where marijuana is legal.
See the top 10 markets positioned for exceptional longer-term performance due to their relative housing affordability and local economic growth.
Developers and smart investors are buying land in anticipation of the growing demand for affordable housing in communities across the country.
Approximately $1.5 trillion in federal dollars is allocated to states and specific communities each year based purely on Census results.
With dozens of new digital lenders as opposed to just physical banks, it’s now simpler, faster, and cheaper for new homeowners to borrow.
Home searches have started earlier and earlier in the year for each of the past five years, but 2019 was the first time January really stood out.
As the baby boomer generation is reaching retirement, they have something different in mind when it comes to housing options.
If you’re considering a move to hopefully find some breathing room, these 7 underpriced cities have all the same great perks to offer with a significantly friendlier price tag.
Those who rely on the National Flood Insurance Program to cover potential losses from a natural disaster are breathing a sigh of relief, albeit a temporary one.
Preparing and listing your home for sale during the winter months can feel overwhelming. Here are three ways that you can make this winter’s home selling process less stressful.
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.
Winter offers some unique advantages to homebuyers. Here are three of the top reasons why the off-season can actually be a great time to explore the market.
Noticing new shops, restaurants, and construction projects? Here are seven signs that a boom is coming to your city or town.
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.
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.
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.
You’ve joined the growing ranks of those who work from home, and have enjoyed the personal benefits that come with it (no more 45-minute commute!), but are you missing out on the financial benefits?
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.
REALTORS raise awareness and educate consumers and members of Congress about critical policy issues that impact state and local communities just like yours.
Hard-working Americans have a tough time today finding a home they can truly afford. REALTORS can help.
Americans believe that buying a home is a solid financial decision, according to a new survey from the National Association of Realtors®. The 2015 National Housing Pulse Survey also found that a preponderance of Americans think that now is a good time …
Across our nation, homeowners are coming together, taking ownership of their communities in order to make things better for everyone.
Prospective homeowners and home renters in San Francisco and San Diego continue to find it a challenge to find available properties to purchase.
Home values have been rising faster than wages in over two-thirds of U.S. real estate markets.
Depreciation encourages investment in real estate, but that could change if Congress extends the depreciation time periods.
What, Exactly, Is the 1031 Like-Kind Exchange? Even if you never use Section 1031 of the Tax Code, it can impact you — in a positive way. It’s often referred to as the 1031 Like-Kind Exchange.
Building home equity is how many Americans are able to save up money — thanks to a capital gains exclusion on home sales. Without it, many couldn’t even save for retirement.
In the early months of the housing crisis, Congress did something that made a huge difference for millions of homeowners. It passed the Mortgage Forgiveness Debt Relief Act of 2007.
Life is filled with tough choices and Americans are facing a big one: should we continue to support the dream of home ownership or not? Because of what Congress is doing, that dream is at risk.
Fast Fact: Home ownership isn’t just an American dream. It’s a global one that’s unattainable to millions outside our borders, serving as a reminder we shouldn’t take it for granted. The country a person calls ‘home’ can be a game changer when it comes …
We all know how much our home values dropped when the real estate bubble burst, but did you know the value of commercial real estate also plummeted?
Fast Fact: Over 10,000 Americans turn 65 every day, the largest number in history. Because they have the highest home ownership rate of any age group, their home ownership decisions could impact U.S. housing. Home ownership has long been a cornerstone …
Fast Fact: A 1% increase can cut home buying power by over 10%. Our Economy Impacts Rates… And Vice Versa One of the ways our government keeps the economy on track is by influencing interest rates. Think of interest as the cost to borrow and use money. …
Fast Fact: Local governments count on real estate for almost 75% of all tax revenues. Is your state or local government trying to raise the amount of taxes you pay on your home? Think nothing can can be done about it? You’re wrong. Across America, stat …
Fast Fact: Before 1934, not even 10% of Americans could afford to buy a home. FHA changed that, raising the rate to more than 60%. Now it’s under duress. Before the Federal Housing Administration (FHA) was created in 1934, only folks with lot of cash — …
Fast Fact: Every new home built in the U.S. generates 3 new jobs and over $100,000 in spending and tax revenue. But America’s home construction has stalled, which threatens full recovery. Did you know that for every new home built, three new jobs are c …
Fast Fact: More than 5 million households lost their homes to foreclosures and short sales. Today, almost 80% say they’re wiser and ready to own again. And now they can. It’s interesting when you think about it. The housing victims of the Great Recessi …
Fast Fact: Since 2005, the number of renter households has grown 10 times faster than owner households. WHY IT MATTERS Big changes are happening in the home rental market that have the potential to affect your own home’s value and your ability to buy a …
Fast Fact: Your home’s value and a healthy housing market depend on availability of home loans. Fannie Mae and Freddie Mac back most loans today. But that’s changing — and it could affect you. SEE WHY THE FUTURE OF FANNIE AND FREDDIE MATTERS TO YOU AND …
WHY IT MATTERS We all remember the “liar loans” and fraud uncovered in the mortgage business when the real estate bubble burst. To try to prevent that from happening again, Congress passed the Dodd-Frank Act in 2010. Now, after much debating and drafti …
Meet Bill and Mary. A married couple, they sold their primary residence last year and made a profit. The profit they made on their home sale is subject to a federal capital gains tax. However, the profits Bill and Mary earned on the sale of their home …
The home mortgage interest deduction is vital to the housing market. The MID saves the average home owner thousands of dollars every year. It also makes the dream of home ownership a reality for America’s middle class. How does the MID work? In general …
The home mortgage interest deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house. Having a tax deduction for mortgage interest mak …
Fast Fact: Student debt is now growing at a rate of $3,000 per second. If we do not slow this rate down, our home values and our wallets could take some tough hits. STUDENT DEBT IS NOW GROWING AT A RATE OF $3,000 PER SECOND. IF WE DO NOT SLOW THIS RATE …
Fast Fact: 58% of all home buyers say low inventory has been their biggest obstacle, with one-third spending more than a year shopping for a home. But that may be about to change. Does it seem like you’re never going to find a home to buy? You’re not a …
Fast Fact: Two of the most highly publicized bank investigations recently culminated in the BIGGEST settlements. But there’s no such thing as easy solutions…even the settlements are fraught with challenges. WHY IT MATTERS Millions were allegedly wronge …
Fast Fact: Natural disasters are occurring in more places and causing more damage than ever before. As a result insurance costs have risen almost 40% and companies are finding ways to limit your coverage. We are constantly reminded that disasters can s …
Fast Fact: A new report reveals that whopping 1 in 5 credit reports contain mistakes. Fortunately new laws require credit companies to promptly fix them and make it super easy for you to make sure they do! WHY IT MATTERS “These are eye opening numbers …
WHAT IS A ZOMBIE FORECLOSURE? Zombie Foreclosures happen when a bank files foreclosure, the homeowners move out, and the bank never completes the foreclosure. Years later, the homeowners find out that they are still liable for costs such as taxes and r …
Becoming a home owner is a significant event in most peoples’ lives. Despite this, many are unfamiliar with government programs that can help them become home owners. The Federal Housing Administration (FHA) is a division of the U.S. Department of Hous …
Living next door to a foreclosure is hard enough. But what happens to your home’s value when a squatter move in and claims the home as his own? “Squatters” are using Adverse Possession laws to move into vacant homes and live for free – often impacting …