What Next After Your Mortgage is Paid Off?

The Washington Post, responding to a reader’s question, has some advice for what to do when your mortgage has been paid off. Apart from paying your property taxes, and making sure the lien the lender placed on your home when you bought it is removed,...

Racism in Real Estate?

The New York Times has an op/ed exploring the racist roots of contracts for deed, which are making a comeback. Contracts for deed make price inflation possible, and appear to be quite prevalent in Alabama, Georgia, Michigan, Missouri and Ohio. The transactions...

Housing Market Recovery Varies Greatly By Region

While generally everyone agrees that we, as a country, have fully recovered from the recession, pockets of the U.S. still have a long way to go. The Washington post has a comprehensive article about how certain pockets of the country are faring.  

Are You a Transactor Or a Revolver?

I imagine you weren’t sure you were either. However, banks have you pegged as one or the other, and it contributes significantly to your ability to secure a mortgage. A transactor pays off credit card bills each month, or makes more than the minimum payment. A...

Should We Abolish the 30-Year Mortgage?

Edward Pinto, codirector of the Internal Center on Housing Risk at the American Enterprise Institute, has a piece in Forbes admonishing that the 30-year mortgage should disappear. His primary reasons are that it fails to accrue wealth for most disadvantaged Americans....

Is Spring the Best Time to Buy or Sell Real Estate?

As the weather warms each year, historically, the real estate market experiences a surge. Forbes has some thoughts on the advantages and disadvantages of buying or selling in the Spring. The article explores how the increase in inventory is countered by an increase in...