Success Story of the Week: If it costs you money every month, is it an investment?
A dear client has owned a home in another state (which was his home when he had a job there) for more than 10 years. He got a great job offer in LA, but it was 2007, and the market was already softening. He purchased a property, but little did he know that his...
Economic News this Week: Lots of news with little movement
Lots of news with little movement. On Monday the Existing Homes for May fell 1.8% year over year, mostly due to tight inventory. The markets were quiet on that news, and because all eyes were on the Fed meeting on Tuesday and Wednesday, almost every investor had hit...
Economic News This Week: Not much movement in the rates
It was a quiet week this week, so not much movement in the rates. The big number was Thursday’s June housing starts – a much bigger number than expected at 8.2%. Also, building permits were up 7.3%, which should have made rates go up more, but they did only...
Success Story of the Week: Five siblings, one duplex that they inherited from their mother
Five siblings, one duplex that they inherited from their mother, and none can agree on what to do. Buy and hold forever? Cash out now and buy your own home? Cash out partially and pay off debt? Rent it out? Sell? The family’s trustee, who is also one of the siblings,...