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Divvy Homes, is out to change the rent-to-own space so more renters can become homeowners. Divvy says it’s like a lease, but unlike a typical lease, it’s designed to help you inch your way to homeownership with every lease payment you make. That way you’re not “throwing away money on rent,” the common argument people […]

With the help of a federal grant, Brooklyn Center launched a program that would provide first-time homebuyers who live in the city with a deferred loan of between $5,000 and $7,500, provided that they buy a home in Brooklyn Center. The borrower would have to use at least $1,000 toward the purchase price. As an […]

Are we headed for another housing crash like we had last decade? Whenever price appreciation begins to accelerate, the fear of the last housing boom and bust creeps into the minds of the American population. The pain felt during the last housing crash scarred us deeply, and understandably so. The crash led us into the […]

With this in mind, here are the top five seller beliefs that are no longer true: I do not need to have the listing agent visit until my home is ready. Wrong. In reality, the sooner the agent can get in, the better. Sellers, assuming the old rules still apply, might spend money on things […]

Comparing Interest rates on home mortgages over the decades? Here are some averages: 70s       8.6% 80s      12.7% 90s       6.29% 10s       4.07% 2020     3.49%  The lowest in 40 years?  Even with home price increases, you’re better off buying today than 10 years ago.  Maybe it’s time to […]

Fed cuts interest rate by half a percentage point amid coronavirus fears The Federal Reserve on Tuesday cut interest rates amid concern about the potential economic toll of the coronavirus outbreak. The Federal Open Market Committee (FOMC), which sets Fed interest rates, announced it would cut its baseline interest rate range by 0.5 percent to […]