Mindblown: a blog about philosophy.
-
Greenville leaders will consider changes to affordable housing policy
Greenville County's affordable housing policy, in place for nearly two years, aims to incentivize developers through tax breaks for creating affordable units. However, some leaders believe it needs revision to prevent misuse by developers already receiving other funding. Proposed changes include splitting the policy into two: one for workforce housing and another for lower-income housing,…
-
How to buy a house with no down payment
Buying a house can be a financial milestone, but the down payment can be a barrier. Government-backed loans like VA and USDA loans require no down payment. Down payment assistance programs from state and local agencies offer grants and loans. Alternative options include seller financing, lease-to-own agreements, and co-borrowing. Strengthening credit, managing finances, and getting…
-
Fed Interest Rate Forecast for 2025-26: Expert Insights
Fed Funds Rate Trends Forecast: – 2025 rate: drop to 4.0% – 2026 rate: to hold ~3.8% Economic Outlook for 2025: – GDP growth: taper from 1.8% to 2.5% by year-end – Rate cuts respond to slower economic growth
-
Why Buying a Home Could Be Easier in 2025
US home prices are forecasted to rise ↑ 2.5% in 2025 despite current near all-time highs. Potential falling mortgage rates could make homeownership more affordable even if prices increase further.
-
New affordable housing options to open in Greenville County
Families in Greenville County facing financial difficulties are gaining more housing options. Continue to full article
-
Lower Rates Won’t Ease Homebuying!
As of Late-Q3, 2024, mortgage rates dropped, but homebuying remains highly competitive. The U.S. housing market still faces a 1.5M to 7.2M unit shortage, keeping prices elevated.
-
Homeowner and Homebuyer Trends for 2025
Home design is evolving towards efficiency, incorporating smart technology for improved functionality and time-saving features.English-styled kitchens will influence American homes, promoting timeless elegance with warm, inviting aesthetics.
-
Stable Investment: SC Low Seasonal Home Price Drops
South Carolina sees ↓ 11% seasonal change in home prices, from peak summer to winter months, based on a 10-yr avg. The seasonal change in SC home prices is lower than the US avg of 11.5%.
-
How Much Does It Cost to Sell a House?
Overview of Selling Costs – Commonly 10% to 15% of the home price – Includes both mandatory and optional expenses Taxes and Fees – Property tax: prorated share owed at sale – Real Estate transfer tax may apply based on location – Capital gains tax on profits over $250K (or $500K for couples)
-
2025 Housing Market Projections
Mortgage Rates to Decrease Slightly Rates may drop as inflation eases and unemployment slightly rises. Home Sales Expected to Increase Both supply and demand are projected to rise, with sales forecasted at 5.4 million homes.
Got any book recommendations?