The transfer of wealth by boomers in the next two decade represents a change in the economy that will reshape financial markets, housing, and businesses. Alongside cherished family stories and sentimental keepsakes, older generations are set to pass down an astonishing $84 trillion—the largest wealth transfer in history. A fortune in the Marking Baby boomers
Rising homeowner insurance costs are occuring due to several interconnected factors, many of which reflect broader economic and environmental trends. Here are some key components of those rising costs.
When you should refinance is a big question on the minds of many homeowners now that rates have started to move downward. How do you know when is the right time for you to start the paperwork? Should you wait a few months or start the process now? With the current talk about interest rates dropping refinancing a mortgage can be a smart financial move, but the timing and circumstances need to be right. Here’s a breakdown of the best time to refinance, things to consider, and how your home equity impacts the process:
Investments in mid-term rentals can be an attractive addition to your financial portfolio. The mid-term rental market is booming! In 2023, nights sold for 30+ day bookings in the U.S. increased year over year by 94%. This rise is driven by a growing demographic of digital nomads, remote workers, and students, all seeking flexible housing solutions.
Mandatory radon testing for MOCO rentals is here. On November 1, 2022, the County Council passed a new bill, 26-22, which mandates radon testing for all rental properties on the ground floor, first or second floors. Unlike the residential resale provision which is limited to single family homes, this statue applies to single family homes and multifamily homes. (It still has an exemption for condos and coops, even if they are townhomes.)
Many economists see a recession coming in the next 12 months. What does a recession mean to your home buying plans? Should you delay? Should you go ahead?
Now that the Inflation Reduction Act has become law, you need to know what are the incentives for ordinary Americans to go green and how you can save on your tax bill over the next 12 years!
Looking for ways to deal with rising interest rates? You can raise your credit score, buy down your rate or choose an adjustable rate mortgage. Here are seven ways to deal with rising interest rates.
Financing a co-op introduces you to new concepts like cooperative, stock shares, board approval and underlying mortgage. If these sound like Greek, don’t despair. While buying a co-op is different that buying a condo, it does not have to be significantly different.
How to Win Against All Cash Offers. As a buyer when you find that dream home after weeks or months of searching, you wonder how to win against all cash offers from the other buyers who also love your dream home. It can seem like an insurmountable problem – and maybe it is …. in some circumstances…. but not all.
Lise Howe
519 C St NE
Washington, DC 20002
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