Construction/Real Estate

'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

'The housing market faces an inflection point': Home-builder confidence declines as interest rates rise

‘The housing market faces an inflection point’: Home-builder confidence declines as interest rates rise

The numbers: The National Association of Home Builders’ monthly confidence index once again fell two points from the previous month to a reading of 77 in April, the trade group said Monday. The index remains at the lowest level since September. Nevertheless, index readings above 50 indicate that more builders believe that conditions are good …

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The US city where property taxes rose the most last year will likely surprise you

The US city where property taxes rose the most last year will likely surprise you

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company Attom Data Solutions. Growth in property taxes decelerated last year, despite the run-up in property …

The US city where property taxes rose the most last year will likely surprise you Read More »

The US city where property taxes rose the most last year will likely surprise you

The US city where property taxes rose the most last year will likely surprise you

Today’s home buyers could be in for a shock when the tax man comes calling. In 2021, around $328 billion in property taxes were imposed on single-family homes across the country, according to a new report from real-estate analytics company Attom Data Solutions. Growth in property taxes decelerated last year, despite the run-up in property …

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Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain

Mortgage rates are soaring, and no one is being spared. The average rate on a 30-year fixed-rate mortgage was 5% as of the week ending April 14, representing an increase of 28 basis points from the previous week, Freddie Mac FMCC, +0.31% reported Thursday. One basis point is equal to one hundredth of a percentage …

Mortgage rates soar to highest level in over a decade — even wealthy home buyers are feeling the pain Read More »