I get a lot of questions regarding the costs of owning a home, typically about saving for a down payment or paying off a mortgage. But homeownership involves numerous other costs that can impact your budget. So as the spring home-buying season gets underway, I thought it would be a good time to step back and look more closely at the ongoing financial realities.
The Long Island economy has been stagnating for decades and, according to a new report, will decline further unless a concerted strategy is implemented to end it. Fortunately, the report reveals that strategy: expanding the biomedical industry and increasing multifamily housing.
Quitclaim deeds are most often utilized to release ownership rights in the context of divorce or inheritance property settlements or to provide a gift. The quitclaim deed only transfers to the grantee (recipient of the deed) whatever title or ownership, if any, that the grantor has at the time the deed is delivered to the grantee. This is the fundamental attribute of the quitclaim deed.
The conventional wisdom that sellers should list early in the year is spot-on. But what does "early" mean? Is there such a thing as too early? Is there a sweet spot for listing your home so that it has the best chance of selling fast and for more money?
The economic recovery has not benefited Americans equally. We all know that. But few facts underscore that point more clearly than the startling number of consumers whose financial futures have been put on hold by subprime credit scores.
Even with the recent years' increases in home values, employment and economic stability, a large number of homeowners still face the loss of their homes in the near future.
The house, which cost more than $100,000 to build, was ready for occupancy in spring 1963, and though Jackie Kennedy visited over the coming months, the family didn't spend a weekend there together until October 25.
Some long-awaited good news for Los Angeles residents has finally arrived. LA is poised to see record employment numbers soon, says the Los Angeles County Economic Development Corp. and it just keeps getting better.
Changing the way one applies for a loan doesn't simply mean stating for 28 pages that a borrower will not be discriminated against, or that we should depend solely on federal and state regulations to curb financial intuitions' racist lending practices.
This past week saw record-breaking weather conditions in Nashville. The snow, ice and frigid temps caused Tennessee's governor to declare a State of Emergency, and our Mayor urged drivers to exercise extreme caution, or, better yet, stay home.
America's national housing policy seems, in a word, adrift: rudderless, following the whims of the prevailing political winds of the day, the ebb and flow of the ocean's tides, wherever they might take us.
You face a choice between renting or owning many of the essentials you use every day: your home, your car, even furniture and appliances. So is it better to rent or to own? There is no set answer, because the cost of each depends on a number of variables. It's a question of economics, but the economics come down to your lifestyle.
Amidst growing concern for families, the National Alliance to End Homelessness this week is holding its 2015 Conference on Ending Family and Youth Homelessness.
Gentrification may bring Starbucks to a formerly underserved community, but it also brings devastation for people who are displaced when rents skyrocket and they can no longer afford to live in old neighborhoods. There are now ten Starbucks in Brooklyn and counting.
Pensacola has seasons, so it's not like south Florida where in mid-winter you can broil trout on the sidewalk. In Pensacola the typical January temperatures range from 42 to 60 degrees, hardly enough to freeze water, streets or humans.
We need to focus on keeping families in their homes, providing children stability, and restoring trust and respect between families and banks, law enforcement, and our government. "Hands Up. Don't Foreclose."