• September 18, 2022
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Major inflationary reports dropped this week, as August’s Consumer Price Index (CPI) and Producer Price Index (PPI) were released. CPI came in worse than expected, rising 0.1% from July to August and 8.3% from August 2021. Analysts had anticipated a decrease of 0.1% from July to August. Inflation for consumer core prices, which excludes food

• September 16, 2022
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• realestatelife

When you’re buying a house, sorting out funding is often more challenging than finding the perfect home. From saving for a down payment to securing financing to managing your obligation long-term, there’s a lot of decision-making to be done. To kick off your research, here are some outside-the-box ideas from Your Real Estate Life /

• September 15, 2022
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The economic standoff between rising inflation and rising interest rates continues to weaken the housing market nationwide, with home sales falling across all 12 Federal Reserve districts, according to the Fed’s latest Beige Book report. Prospects for future improvement anytime soon are dim as well. “The outlook for future economic growth remained generally weak, with … expectations

• September 14, 2022
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Inflation at the wholesale level cooled in August for the second consecutive month, although prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions of American households. The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, declined 0.1% in August

• September 14, 2022
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• realestatelife

DSCR stands for Debt-Service-Coverage-Ratio. This means your loan is qualified based on the cash flow/ market rents of the subject property.

• September 14, 2022
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• realestatelife

New 2023 conforming loan limits won’t be released until November … but we’re honoring them now for conventional loans locked, starting September 7th for FNMA, FHLMC, and VA. $715,000 for regular one-unit conventional / VA loans (increased from $647,200) $1,073,000 for regular one-unit conventional / VA loans in high-cost counties and in AK and HI (increased

• September 13, 2022
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• realestatelife

What is an ITIN loan? An ITIN is a 9-digit number “Individual Taxpayer Identification Number”. It is a tax processing number only available for certain nonresident and resident aliens, their spouses, and dependents who cannot get a Social Security Number (SSN). It is a 9-digit number starting with the number “9” and formatted as an

• September 13, 2022
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• realestatelife

The Inflation Reduction Act signed into law by President Biden on August 16, 2022, gives new life to the federal tax credit for the purchase and installation costs of residential solar-power systems and provides guidelines allowing batteries to also qualify for the credit. The solar credit is a percentage of the cost of a solar

• September 13, 2022
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• realestatelife

Inflation rose more than expected in August, continuing to create severe financial pressure for U.S. households even as the cost of gasoline fell. The Labor Department said Tuesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in August from a year ago.

• September 4, 2022
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• realestatelife

Moving to a new city can be daunting, but there’s also an air of excitement that surrounds the process. You can enjoy new possibilities as you start building your life. In order to fully enjoy this potential, though, you should take deliberate steps to become integrated into your community and find ways to meet new