John Maclean

How the Economy Affects Real Estate? The overall economic conditions impact real estate prices. Economic conditions are measured by evaluating economic indicators, including, among others, employment data, GDP, manufacturing activity, and inflation. In general, if the economy is slow, real estate follows a similar trend. Some of the economic factors that affect real estate prices include:  Interest Rates – Shifts

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As large cities are increasing their population and urban living is becoming more popular, residing in a good location has become incredibly unobtainable for many. However, the rising interest in tiny living spaces has boomed over recent months and years, and micro-apartments may be the next big thing. Micro-apartments are small living spaces in desirable neighborhoods that may offer a

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You can use standard commercial loans to purchase equipment, fund marketing campaigns, or sort out your cash flow issues. However, if you’re looking for ways to finance the purchase or lease of a commercial property, the standard business loan may be inadequate for your needs. This is where commercial real estate loans come in handy. Here’s some more information on this

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Are you looking to build or buy an income-producing property in California? Such investments are usually far more capital-intensive than their residential counterparts. For that reason, you may consider taking out a commercial real estate loan to finance your project. Read on to learn about the different types of mortgages available for revenue-generating properties and where to obtain them.   What

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Whether you’re planning to acquire your first commercial real estate or expand your property portfolio, you will likely need financing. This is because, similar to a home mortgage, you can use a commercial loan to buy a commercial property outright or fund improvements in your existing commercial space. However, the commercial lending process is typically fraught with uncertainty. This commercial

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Even for a seasoned investor, the process of purchasing an investment property can be intimidating because it typically requires time, effort, and huge capital investment.  However, if you get the process right, you’re likely to reap huge financial rewards including passive income, equity gains, and tax breaks, according to an article published by CNBC. Before Preparing to Buy an Investment

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Mortgage rates vary because the borrower and the subject property always have distinctive characteristics. Typically, the risks underlying the loans as well as the interest rates are different in each case. Lenders often use different pricing models, so even similar cases can have varied pricing. Essentially, when assessing the risk, a mortgage lender typically considers the likelihood of a borrower

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As of June 2020, the median price of a house in the U.S. was about $284,600, as reported by the National Association of Realtors (NAR). With about 1.3 million Americans earning below the minimum wage, per the U.S. Bureau of Labor Statistics (BLS), paying for a house out of pocket can be difficult. This is where mortgage lenders come in

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Currently, the index value of the commercial property price in the U.S. is 185.62, as reported by Statista. Over recent years, this cost has gradually risen due to factors like the state of the economy, increased demand for housing, and rising interest rates. On the other hand, construction costs for a particular property depend on several factors, including location, size,

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