Although the COVID-19 pandemic is causing an economic slowdown, home values have actually increased in 3 of the last 5 U.S. recessions. With the information at hand, the current housing market will not be a repeat of 2008.
If the idea of purchasing a fixer upper sounds appealing, be sure to conduct your due diligence to avoid falling into a financial trap. While these individual signs might not derail a sale on their own, they might warrant a call to a local expert who can assess the problem, offer solutions, or give repair estimates.
Finding the perfect house can take some time, and two thirds of home buyers have searched for more than three months before going under contract on a property. Here are some of their reasons for the time span.
Disaster can strike when least expected, so being proactive with your home is a wise choice for protecting your assets. Check out the following tips, myths, and insurance steps for making your home a safer place.
More than one in five Americans are not saving any of their annual income, and only 29% say they are financially "strong," indicating they are spending, saving, borrowing, and planning well financially.