How to prepare for an FHA appraisal

How to prepare for an FHA appraisal Mortgage lenders require an appraisal of each home they extend financing for. This is to ensure they aren’t lending too much money for a place that isn’t worth it. An appraisal also comes into play if you’re a candidate for an FHA loan. If you plan to buy…

Wealthy Americans Are Not Taking Retirement Seriously Enough Attention High Earners: You are Not Taking Retirement Seriously Enough Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While…

Housing market about to crash? Here’s what experts say Housing economists and analysts agree that any market correction is likely to be a modest one and not a full housing market about to crash. After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing…

Study reveals pivots amid ticking time bomb for retirement income. Many people approaching retirement fear they don’t have enough and want to turn to alternatives Study reveals pivots amid ticking time bomb for retirement income. Those approaching retirement in Canada and the US are among those facing an impending crisis in their senior years. Following…

What if u can’t afford long term care As many as 8 in 10 older Americans couldn’t afford more than four years in an assisted living facility or two years in a long term care nursing home, according to a 2023 analysis by the National Council on Aging and the LeadingAge LTSS Center @UMass Boston. This…

More Than 30% of Americans Still Won’t Consider EVs Nearly a third of Americans surveyed said they would not consider purchasing an electric vehicle (EV), and those that would are looking to alleviate range anxiety. Nearly a third of Americans (31%) said they would not consider buying an electric vehicle (EV), while 34% said they…

U.S. Money Supply Hasn’t Done This Since the Great Depression, It Implies Something Big for Stocks KEY POINTS M2 money supply has made history twice over the past two years. The largest contraction in the money supply since 1933 may bode poorly for the U.S. economy and stock market. However, “widening the lens” should have…

Boomers are pushing millennials out of the housing market as they hit the road for retirement. It’s no secret that baby boomers are vastly wealthier than millennials, but just how much helps explain the state of America’s gerontocratic housing market. While most millennials have now reached the “peak” homebuying age, their parents’ generation is keeping…

Scarier than death? Running out of retirement money Old age is the trickiest part of life to navigate financially, with its unpredictable care expenses and unknowable longevity. It’s also the point at which cognitive decline can scupper even the savviest financial plan. Why it matters: A recent American Economic Association paper surveyed Americans in or…

As Medicaid purge begins, ‘staggering numbers’ of Americans lose coverage States are combing through Medicaid rolls to decide who stays and who goes. But the overwhelming majority of people who have lost coverage so far were dropped because of technicalities. More than 600,000 Americans have lost Medicaid coverage since pandemic protections ended on April 1. And…