The odds that you rent your home are a little greater than one in three. Of course, some readers may own their property outright or be paying a mortgage, but the number of renters has climbed in recent years to the point where more U.S. households are renting than ever before. A 2016 report from
Real Estate
Recently, California’s State Assembly passed a statewide rent control bill for all apartment units built more than 15 years ago. The Tenant Protection Act of 2019 (AB 1482) is, as of this writing, expected to be signed into law by Governor Gavin Newsom and will place a cap on annual rental increases of 5% plus
Torn dollar with REIT (Real Estate Investment Trust) paper message Getty Here’s a quick quiz for you: an imperative multiple-choice, single-question test that you can refuse to take. Though it might be to your detriment. If it’s any consolation, there’s no immediate penalty for answering wrong. It’s only if you forget the correct answer later
Low Down Payment sign lettering. Getty First time home buyers can put as little as 3% down and get conventional financing (no longer confined to the FHA only box). And there are no prohibitive restrictions; in fact if two people are buying a home, only one of them need be a first time buyer. Standard
Experts predict mortgage rates will stay low for the foreseeable future. Getty Mortgage rates logged their lowest monthly average in over three years last month, and it seems it wasn’t just a blip on the radar. According to three industry forecasts, the trend toward low mortgage rates, slowing home price growth and increased housing construction