by kramoltz@hotmail.com | Dec 1, 2020 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix metro is one of the top 10 metro areas with the largest home price appreciation and rate of return. Housing wealth accumulation is built up by paying off mortgage debt and by price appreciation. It takes time, but nationally, a person who purchased a typical...
by kramoltz@hotmail.com | Jul 16, 2020 | Home Ownership, Mortgages + Lending
Reverse mortgages are a way for homeowners 62 and older to convert the equity in their homes into cash. These loans create cash flow to pay financial obligations when the owner doesn’t want to sell the home. The amount of a reverse mortgage is based on the equity or...
by kramoltz@hotmail.com | Apr 16, 2020 | Home Ownership
The second leading cause of lung cancer in the U.S. (smoking is #1) is Radon. Radon is a naturally occurring radioactive gas in the ground. When Radon has accumulated in a structure in sufficient quantities, it may present health risks over time. Homes with basements...
by kramoltz@hotmail.com | Feb 15, 2020 | Real Estate Facts & Figures
Compared to previous years, homeowners are opting to spend more time holding onto their homes, with the median tenure increasing by 3 years since 2008. As of 2018, the median duration of home ownership in the U.S. is 13 years. As should be expected, the...
by kramoltz@hotmail.com | Dec 18, 2018 | Home Ownership, Renters and Renting
The net worth of a homeowner is on average over 44 times greater than that of a renter. One way to look at it is that home ownership works as a form of forced savings. Every time home owners pay their mortgage, they are contributing to their net worth by increasing...