Median home prices are on the rise in America, with the current median home price at $295,000. Many potential home buyers presume they need a 20% down payment, which causes them to think they can’t afford to buy a home. While 20% down may be a standard, there are several home mortgage loan programs that require little or no money down.
Investing in real estate is not the right choice for everyone, and investing in commercial real estate is not the right choice for many. However, it may be the right choice for you. If you have already purchased a home or two, and you have considered investing in residential or commercial real estate, we encourage you to read the following articles:
A recent article from Realtor.com provides great news for California homeowners as it reveals a 12.3% annual increase in California home equity values. According to the article other states that were leaders in the nation for increased home equity are Washington, Nevada, Hawaii, and Massachusetts.
Most homeowners today have considered adding solar to their home. The federal government and some states offer incentives to encourage property owners, both residential and commercial, to consider this upgrade to their property.