Image courtesy of Getty Images, Illustration by Hunter Newton/Bankrate Our writers and editors used our in-house natural language generation platform to focus on adding unique and helpful information to parts of this article. The article was reviewed, fact-checked and edited by our editorial staff before publication. Key Takeaways A no down payment mortgage allows you to purchase a home without making any upfront payment at closing. The two main types of loans that typically don't require a down payment are VA loans and USDA loans. Alternatives to a no down payment mortgage include low down payment loans such as conventional…
Author: Private Lending Agent
The first step to becoming a licensed real estate agent is to go back to school, but as a quick internet search will show, with hundreds of pre-licensing training schools available, it can be difficult to know which ones are legitimate and reputable. That's why Fortune magazine set out to compile a list of the best real estate schools to help the next generation of agents get the training they need to help their clients buy, sell, and rent properties. After an exhaustive search, AceableAgent was named “Best Overall” for 2024.advertisementUNC Kenan-Flagler's Top-Ranked Online MBA STEM Designation. Tar Heel ROI.…
The commercial real estate (CRE) market continued on the same path in May, with office vacancy rates remaining near a record 14%, weakening fundamentals in the retail and industrial sectors, and low home prices driving further demand for apartments. However, there are signs that demand for office space may have already bottomed out. Office Department Net absorption in the office sector remains negative, with vacant space exceeding occupied space. However, data shows that the gap between vacant and occupied space is narrowing. As of May 2024, about 49 million square feet of office space exceeded leased space, down from 57…
Real estate investors are always on the lookout for signs that property values in an area are likely to rise. There are sophisticated ways investors can predict these changes. Data sources are available that allow investors to understand how an area's population is changing, such as demographic information from census data, foot traffic patterns from mobile location providers, and tenants from truck rental and logistics companies. There are also a growing number of tools to help analyze all this data. But obtaining all this information, conducting the analysis, and developing an acquisition strategy is time-consuming and expensive, and only feasible…
Thanks to several interest rate hikes by the Federal Reserve, current savings account interest rates are at their highest in a decade. That said, savings account interest rates vary widely from bank to bank, so when shopping for a savings account, it's important to make sure you're getting the best rate possible. Below is a breakdown of current savings account interest rates and where to find the best offers.Overview of today's savings ratesAccording to the FDIC, the national average savings account interest rate is 0.45%. While that may not seem like much, it's a steep increase in a short amount…
Jamestown LP, a global real estate investment firm, is best known as the owner of office buildings and several large mixed-use developments across the U.S. The company is also known as a real estate company that stays ahead of some of the industry's most important trends, including increased sustainability and the growing popularity of mixed-use properties. Jamestown's latest initiative is to expand its use of technology in its properties across the U.S.Jamestown was founded in 1983 by German investor Christoph Kahl with just 10 employees. Over the past 40 years, the company has expanded around the world and has been…
Federal Reserve Chairman Jerome Powell appears on a screen behind traders on the floor of the New York Stock Exchange. [+] The New York Stock Exchange, Wednesday, June 12, 2024. (AP Photo/Richard Drew)Copyright 2024 The Associated Press. All rights reserved. The Federal Reserve's Open Market Committee is expected to cut interest rates at least once in its four remaining meetings in 2024, according to the CME FedWatch tool, which tracks implicit expectations in the bond market. The first rate cut could come in September, with up to three cuts possible in 2024. But two rate cuts seem most likely, according…
Mortgage rates have been rising sharply in recent weeks as persistently high inflation has all but evaporated hopes that the Federal Reserve would begin cutting rates this summer. As a result, buyers will likely face higher mortgage rates through the crucial spring home-buying season.But it's not all bad news, especially if you're not in a rush to buy: In fact, most experts expect mortgage rates to fall later this year.”The pandemic was too hot, but 2023 was too cold,” said Odeta Kusi, deputy chief economist at First American Financial Corp., a provider of real estate insurance and settlement services. Rates…
Environmental, social and governance (ESG) has been bandied about with increasing vigor for decades, but what was once an optional form of risk management and valuation has now come under the scrutiny of the U.S. Securities and Exchange Commission (SEC). In recent months, the European Commission has enacted climate disclosure rules to strengthen and standardize climate-related disclosures among public companies and public offerings, a move with significant implications for the commercial real estate (CRE) industry, as stakeholders are specifically urged to reassess their portfolios and operations to ensure ESG compliance. However, many US states, non-governmental organisations (NGOs) and climate advocacy…
Mark Johnson Consider this: Today's smartphone has the same computing power as the entire US government in 1983. 3D printing is the only technology where it's free to manufacture more complex objects. The average lifespan of an S&P 500 company has increased from 67 years to 12 years today. Self-driving cars will prevent 30,000 road deaths in the US alone. Exponential Growth Exponential growth doesn't just apply to tech or big companies or small businesses. Exponential growth applies to you and me, too. This is one of the most influential books I have ever read. This book is only 36…