Just Dance / Shutterstock.com Most of us will never find a treasure like the jacket once owned by legendary football coach Vince Lombardi that a Knoxville, Tennessee couple bought at Goodwill for 58 cents and resold for $43,000. But, your chin. There is still a lot of profit to be made from the humble things … Read more
Earth Image / Shutterstock.com When it comes to money, what seems like a sound decision often isn’t. Research by the Consumer Financial Protection Bureau shows that we tend to prioritize short-term gains over long-term benefits, a concept known as temporal inconsistency. To avoid costly mistakes, consider whether these seemingly smart financial moves might backfire.
Mortgage rates have seen wild growth in recent years. In fact, it was still possible to obtain a fixed mortgage loan at 3% over 30 years at the start of 2022. By the end of 2023, you may have been facing a mortgage rate of 8%. And today your rate can start with 5, 6 … Read more
The big NAR regulation is expected to be finalized next week, but the changes already took effect in August. They include requiring a written buyer’s agreement before viewing a home and removing multiple listing service (MLS) compensation offers. This initial agreement is also supposed to outline the fee the agent will charge, such as a … Read more
The National Association of Realtors (NAR) reported that the share of first-time home buyers has fallen to an all-time low of just 24%. This figure is down from 32% recorded a year earlier, based on transactions carried out between July 2023 and June 2024. At the same time, the typical age of a home buyer … Read more