Invest in these cities and you can’t lose
It's never been a better time for fix and flip
Apartment hunters in the United States found average rent prices higher than expected in the first quarter of 2013. The cost of renting a home could still go up a little more in the near future, but not by much. Landlords have been enjoying several months of rent increases, but this windfall seems on the verge of finishing.
After July 1st, 2013, borrowers who are late on their mortgages guaranteed by Fannie Mae or Freddie Mac may see a letter from their servicer explaining their eligibility for the new Streamlined Modification Initiative (SMI). According to the official press release by the Federal Housing Finance Agency (FHFA), the program aims to add a simplified option for homeowners to save their homes from default and foreclosure.
Raise your hand or nod your head or I guess tap the space bar a few times if you get inundated with email on a daily basis with “investing advice” that is confusing and often the complete opposite of an email you received the day before. I was working on a project this past week and had to cull through old emails to complete it and realized that I get sometimes more than 400 emails a day! What made that realization worse...many were “advice” emails from someone who definitely thought they were smarter than me, but usually full of advice I would never follow. That feeling of being overwhelmed is how I feel sometimes when I hear advice on real estate diversification.
The Federal Reserve’s policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.
Thirty-eight real estate markets have been tagged as “dangerous” for investors looking to make money on buying homes as rental properties in new quarterly data compiled by HomeVestors of America (known as the “We Buy Ugly Houses®” company) and Local Market Monitor.
The Federal Housing Finance Agency (FHFA) today released its December 2012 Refinance Report, which shows that with the number of mortgages refinanced through the Home Affordable Refinance Program (HARP) in the fourth quarter, nearly 1.1 million HARP refinances were completed in 2012 and nearly 2.2 million were completed since HARP was implemented in April 2009.