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Biden has been proposing a $15,000 homebuyer tax credit that could help a ton of people be able to afford a home as opposed to renting. Let’s look at some positives and negatives. Positives It’s a $15,000 savings! That’s huge when “Over the past 20 years, we estimate that renters have been able to save only 2.4% of their income, approximately $440 per year in today’s dollars.” (Parrott & Zandi, 2021) The typical renter is spending so much in rent and is unable to save hardly

So in this crazy market, you put in a solid offer over asking and thought you were a shoo-in. Nope, didn’t get it. Sigh, you keep an eye on that listing, but move onto other ones. A few months later, you’re curious and check on the status of that first one you liked. It sold for LESS than your offer. WTF? How dare they! Why would they do that? Here are a few possibilities – they won’t make you less angry, but at least they’ll give the sale some credence. Cmon look at this cas

You’re really interested in buying a house, but, oh shoot, you don’t have 20%. As you hopefully know, you do NOT need to put 20% down on a house. Many loans can go as low as 3 or 3.5% down (and VA loans can sometimes be 0%!) What happens instead, though, is you’ll incur a PMI (private mortgage insurance) payment if you don’t put 20% down. How could you do this to me, PMI? But wait! There’s a way you could mitigate the PMI payments AND avoid putting 20% down. If you’re getting

Thinking about moving to CT or over to New Haven county? Here’s some info about Hamden, CT, located one town north of New Haven. I lived here on two separate occasions and definitely miss a lot of things about it! Background Hamden has a population of between 60,000 and 70,000 residents (newest data from 2014) and it’s about 33 square miles. The biggest employers are the town government, Quinnipiac University, Harborside Health Care, and ACES (school-related services). Tran