BY JOSH BOAK
WASHINGTON (AP) — Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Sales of existing homes rose 1.8 percent last month to a seasonally adjusted annual rate of 5.53 million, the highest level since February 2007, the National Association of Realtors said Wednesday.
People remain intent on buying homes, despite the low inventory of properties on the market that has caused prices to rise. The [...]
Investing in rental properties is one of the best ways to begin accumulating wealth. You not only build equity in the properties you own as you pay them down, but if you work your numbers right, you should also be generating some positive cash flow each month. However, like any other type of investment, there are some things you need to know before diving into the deep end of the pool.
Here are some smart tips to get you started with rental properties:
Fix Your Financial Situation
Millennials are finally moving into their homebuying years, but with precious few starter houses available for sale, a growing number of these buyers are choosing to rent single-family homes. That is a big opportunity for investors overall, especially in markets seeing the greatest rent growth — and some of those markets are surprising.
Large-scale, institutional investors may have cleaned house during the foreclosure crisis, buying distressed homes in markets like Las Vegas, [...]
We’re pretty happy to be living in Florida, but have you ever wondered if moving to a new city could make you happier? According to research done by the site creditdonkey.com, people in these cities are the happiest in Florida. The site took into account things like crime rate, income, housing, and commute time, just to name a few. Check out this list and see if you agree:
10. Fort Lauderdale
Peter W. Cross via Flickr/VISIT FLORIDA
Fort Lauderdale has so much going for it, you can[...]
Property values in Lee County moved higher over the past year, led by a increase of some $47 million in new construction compared to last year.
Fueled by an increase of more than $360 million in new construction, Lee County property values increased by 8.2 percent over the past year, increasing the tax base in the county by about $4.1 billion, the county property appraiser said Friday.
The taxable valuation in the county for the upcoming 2016-17 budget year is $66.791 billion, an [...]