Building equity in your home is a key financial strategy that can help you increase your net worth and secure a stronger financial future. Equity represents the value of your property that you truly own and can be a valuable asset that opens up various opportunities. Whether you plan to [...]
The number of homes sold peaked at almost 7 million in 2021 after steady growth in the previous ten years. Although sales will likely drop in 2023, many people still want to purchase their first home. Besides budgeting to buy the home, homebuyers must also set aside funds for [...]
Prices for goods and services in a market economy are subject to change. So as prices rise, your purchasing power decreases because of inflation. Inflation, however, isn’t necessarily harmful in cyclical free markets. Inflation can bring down entire economies when prices rise too quickly, and the market fails to [...]
If you’ve searched for homes or other real estate properties, you’ve probably heard about a Homeowner’s Association (HOA) and Property Owner’s Association (POA). There are almost 360,000 HOAs in the U.S. as of 2021. Although the terms HOA and POA are often used interchangeably, the two organizations have very [...]
Homeowners who have owned and maintained their properties in good condition can see a significant return. Even adjusting for inflation, home values tend to have positive gains over the years. Note: Consult your licensed financial tax expert before making changes in homeownership for financial and tax purposes. Home Price [...]
