The global residential mortgage market is expected to grow from US$ 11.2 billion in 2022 to US$ 26.5 billion by 2030. The market is growing with a CAGR of 11.3% during the forecast period from 2024 to 2031.
Experts predict 15-year mortgage rates will gradually decline to 6.2%-6.4% by 2026. From 2027-2029, rates may stabilize around 5.8%-6.0%, with potential for slight increases.
The US Residential Remodeling Market will reach $754.7M by 2032. The market is expected to grow at a CAGR of ↑ 4.3% by 2032.
Idaho is gaining popularity as a retirement destination for baby boomers, who prefer small towns and rural areas over urban settings. Many are downsizing to be closer to family, although some choose to "age in place" due to rising home prices. Early boomers focus on comfort and healthcare, while late boomers, still working, seek homes … Continued
The deadline for filing taxes is approaching, but investors can still take steps to organize their tax affairs. Contributing to an IRA, adding to a self-employed retirement account, maximizing HSA contributions, claiming capital losses, reporting gains and losses from cryptocurrency, and watching out for K-1 forms are key tax tips for last-minute filers. Continue to … Continued
Enhancing interior features makes your home more appealing and increases buyer interest. Kitchen upgrades, including energy-efficient appliances and extra storage, significantly boost resale value.
Capital gains on investment properties must be reported in the year of sale unless deferred. Use IRS Code Section 1031 to defer capital gains taxes by exchanging for a similar property.
Understanding the mortgage process is crucial for homebuyers. Start by determining how much you can afford and the type of mortgage that suits your needs, such as conventional or government-backed loans like FHA, VA, or USDA loans. Assess your financial health, focusing on your credit score and debt-to-income ratio. Prepare necessary documents for the application, … Continued
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!