Archive of posts filed under the Economy category.

Mortgage And Refinance Questions That Come Up With Retirement

 Forbes article on retirement and refinance. Mortgage and refinance questions are important considerations both before and during retirement.  Each represents a planning factor that people generally figure out the hard way, costing them both time and money. For those that don’t know, underwriters are the number crunchers you never get to meet or see, but […]

Bye-Bye, Empty Nests: Multigenerational Living Is on the Rise

According to the economy may have largely recovered from the depths of the downturn, but there’s a record number of grown children living with their folks. And with soaring housing prices, aging parents, and the changing ethnic makeup of the nation, the trend of multigenerational living looks like it’s just getting started. About 19% […]

What 55-Plus Buyers Are Looking For

Baby boomers say first impressions count when they enter a new community. They are closely sizing up neighborhood amenities like the pool, clubhouse area, and walking trails. They’re also looking at the location of the community, judging how near it is to shopping, dining, medical services, and entertainment. Hanley Wood and home builder Taylor Morrison […]

Airbnb Hosts Face Huge Challenges in Refinancing Mortgages

  As the Wall Street Journal reported this week, banks are not looking too kindly on homeowners who earn a significant amount of income from renting out that spare room or in-law in the backyard. These banking customers often find that cashing-in on the sharing economy could either result in a firm “no” from the bank, or […]

Family tradition: Kids are more likely to own a home if their parents did Trulia

According to data from University of Michigan’s Panel Study of Income Dynamics, children raised in homes that their parents owned were nearly three-times as likely to buy a home themselves. This recent Trulia article by Felipe Chacón, explains the findings of this study and how homeownership is strongly influenced by family.  The recent revelation that homeownership among […]

A Curb Appeal in a Time of Drought

According to Realtor.Mag, Westerners struggle under water-use reductions and Midwesterners, East Coasters, and Southerners grapple with storm-ravaged yards, many are rethinking the traditional American landscape. Both garden professionals and scientists are working on materials that can better survive drought and extreme weather, as home owners increasingly question the importance—and even the underlying ethics—of maintaining a […]

In Palm Springs, a New Set of Pleasure-Seekers Take Hold

Travel and Leisure article detailed the treasure we call Palm Springs. What is it about Palm Springs that keeps drawing waves of people looking to slow down, drop out, go a little wild? Irina Aleksander meets the latest arrivals who are inventing the desert oasis all over again. Palm Springs is reachable by plane, but […]

Palm Springs Now Ranked In Top 10 Most Popular US Destinations

More than 350 days of sunshine, great swimming pools and top attractions like the Palm Springs Aerial Tramway pushed Palm Springs to the No. 9 spot in TripAdvisor’s 2015 Travelers’ Choice Awards for the top destinations in the United States. Last year, Palm Springs grabbed the No. 17 spot on TripAdvisers Travelers’ Choice Awards identifying […]

3 Megatrends Shaping The Future Of Global Real Estate

When markets are volatile, the future can feel uncertain. But commercial real estate investors would be wise to look beyond today’s economic cycle at long-term trends that are fundamentally changing global markets and creating new opportunities around the world. Here are three key megatrends to watch: Share

Student Debt vs. Mortgage Debt: What Makes Them So Different?

Americans owe $1.3 trillion in outstanding student loans. That’s the second largest consumer debt, surpassed only by mortgages. A college education can cost as much as or more than a mortgage. But the stakes are higher if you run into trouble paying your student loans. Here’s why student debt is harder to manage than a […]