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Keep detailed records of each expense related to your property so you will be able to take advantage of every single tax deduction you are legally entitled to use.
New homes in the US are getting smaller. According to a National Association of Home builders survey, 17% of home builders said they built homes on smaller lots in 2023 to support home sales.
Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.
The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful difference in what a home buyer will pay.
It's generally not a good idea for landlords to rent to friends and family--mixing business and family can be very painful and costly in many ways.
With 36.6% more homes actively for sale than this time last year, July marked the ninth consecutive month of housing inventory growth across the US.
