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Seven Ways To Boost Your Home’s Value on a Budget

Whether you are a homeowner or a real estate investor, everyone wants to get the best price possible when they sell a property. This can be easier said than done, however, and the things you do to boost the sale value of your property can be expensive in their own right. Fortunately, there are a few ways you can boost your home’s value on a budget:

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Five Traps To Avoid as a New Real Estate Investor

If you are looking to invest in real estate for the first time, you may be excited about the potential for major profits. However, there are plenty of traps that people can fall into if they are not careful, resulting in a serious loss of potential income. Here are five traps you should watch out for as a new real estate investor:

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When is the Right Time to Get Into Real Estate Investing?

If you have been thinking about investing in real estate, you may be concerned about when, exactly, you should get into the market. After all, timing is everything, and you do not want to be left with a property you overpaid for after a market downturn. However, figuring out the right timing to invest in real estate is not as easy as just watching the market and buying whenever prices drop. Ask yourself these questions first to see if you are ready to take part in real estate investing:

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Five Major Mistakes People Make When Investing in Real Estate

Investing in real estate can, with the right investment strategy, become an incredibly good way to make money. However, it is also extremely easy to lose a lot of money in the real estate market, if you are not careful about how you choose to invest. Here are five major mistakes that people make when they invest in real estate:

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Five Tips to Get Started on Real Estate Investment

For many people, investing in real estate is a potentially lucrative venture that can have substantial returns. However, real estate investments can be incredibly costly, and if you are not careful, you can also lose a lot of money on your investment. That is why you should follow these real estate investment tips, which can give you a better chance of seeing your investment return a profit:

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Mortgage Interest Rates Fall as Inflation Lightens

For the first time in several months, mortgage interest rates have begun to decline somewhat, bringing some relief to the real estate market. This drop in interest rates is considered to be a sign of inflation beginning to drop off, which is an overall positive for prospective homeowners. Unfortunately, however, interest rates are still far higher than they were at the beginning of the year, and some home buyers may still be hesitant to put money down on a new house. Continue reading “Mortgage Interest Rates Fall as Inflation Lightens”

Homebuilders Expect Decline in New Construction for 2023

Homebuilders are foreseeing a decline in demand and the number of new homes to be built in 2023. This is reflected in an overall drop in the number of building permits, which have declined dramatically over the past year. With interest rates on the rise and the price of existing homes falling, there is simply less demand for the construction of new homes.

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Home Purchases Slow As Interest Rates Increase Above Seven Percent

The number of people who are looking to purchase new homes has dropped, as mortgage interest rates have gone over seven percent for the first time in nine years. This increase in interest rates has also left some lenders worried that more borrowers may begin to default on their mortgages, thanks to a cooling economy. Despite these concerns, however, mortgage defaults are only increasing gradually, although some fear that increasing interest rates could have a negative impact on borrowers as time goes on.

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Mortgage Demand Falls to Lowest Levels in 22 Years

Overall demand for mortgages fell by 2% during the week of August 10, bringing demand to the lowest levels that they have been since 2000. This represents an overall cooling of the market that has brought mortgage rates down over the past few weeks, despite rising interest rates.

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Home Prices Saw 10 Year Record Decline in July

Nationally, home prices fell for the first time in three years in July, signaling to some that the housing market may be on the verge of a recession. Part of the reason for this anxiety is that this drop is the largest the housing market has seen since 2011, making it the biggest dip in the market in more than a decade. Combined with rising interest rates, high inflation, and an increasing amount of inventory, some economists believe that prices could decline even further in the coming months.

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