If the thought of investing your money into brick and mortar—or perhaps some stylishly-painted siding—excites you, join the club.
Investing in real estate has long been one of Americans' favorite ways to grow their wealth. In fact, over 70% of single-family rental properties are currently owned by individual investors rather than corporations, according to Census data.
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Not long ago, home sellers were in their heyday, as historically-low mortgage rates triggered a real estate buying frenzy. However, the Federal Reserve shut down the party when it began raising interest rates last year.
Now, it’s not as simple to sell a home.
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Does your current home no longer serve your needs? If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, long-term financial implications, and quality of life.
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So, you’re looking for some ideas to really ring that Summer bell before it ends, right? Here are some places I recommend.
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So what impact is this reduced demand and low supply environment having on home values? And what can we expect from the real estate market in the coming months and years? Here are several key indicators that help to paint a picture of the current market and where it’s likely headed.
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“We can’t recommend Tara enough! Tara was so patient, knowledgeable, attentive, thoughtful, & kind. As first time home buyers we didn’t know anything, Tara always invested the time we needed into whatever we asked of her. I would highly recommend you working with Tara on buying or selling. Thank you Tara for being our team mate.”
- Leah
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If you are struggling to afford homeownership, here are some workarounds to consider as your plot your first home purchase.
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