Investment Funds Crowding Out Local Investors and First-Time Home Buyers
Inventory is already tight at the low-end, and now local investors and first-time home buyers are having to compete with large institutional funds. This is bad news for all of us little guys.
The Wall Street Journal reports: Read the complete article
Investment Funds Crowding Out Local Investors and First-Time Home Buyers | Bay Area Real Estate Trends.
Kids Rooms Storage Ideas | Organizing and Storage
A great ideal is buying a larger home
When it comes to finding an extra bit of storage space in a kids’ room for two or more, look to your corners. Corner shelving units (about $80) take advantage of that valuable nook so you can stuff more stuff in its proper place. Look for shelving brands that include corner units as part of their line so all the shelving fits together.
Credit: Grace Hilton Interior Design/Cezanne Gilbert, photographer
By John W. Schoen, Senior Producer
Falling home prices
have sent many would-be buyers to the sidelines. If all goes well, record low interest rates and rising rents may soon prompt some of them to take a second look at buying.
Unfortunately, that’s a big “if,” according to Paul Diggle, a housing economist at Capital Economics.
Much of the decision to buy a house still depends on your personal finances and preferences, your career or family life, or level of financial security.
But if you’re comparing just the cost of owning and renting, buying a house may soon be the better choice, according to Diggle.
Until recently, home ownership was no bargain compared to renting, according to his analysis. A 33 percent drop fall in home prices, a plunge in mortgage rates and 15 percent rise in rents since the housing crash has evened the scales. Today, the median monthly mortgage payment of about $700 has fallen to about the level of a median monthly rent check. If mortgage rates keep falling and rents keep rising, the equation will tip even further toward owning.
Read the whole articles Home buying could soon beat renting
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