Counting the days until summer vacation, downsizing, or are the kids heading off to college? Count on attempted rental rip-offs, which have earned perennial placement on many Top Scam lists throughout this decade.
Looking to buy or sell a home in the coming weeks (a period that’s expected to be the busiest real estate season in eight years)? If so, beware of a new impersonation scam that targets real estate agents and others involved in house closings — specifically, their clients.
Are you looking for income? One solution often pitched is private and non-traded REITs (real estate investment trusts). REITs raise money to buy income-producing real estate. In this low-yield environment, they are touted as having high yields and no market risk, and as alternatives to bonds.
The National Association of Realtors announced earlier this year that its Housing Affordability Index shows 2012 was a record year for housing affordability. Subsequently, articles appeared in the media with titles such as " Housing Today Is More Affordable Than at Any Time in History" and " 2012 a Banner Year for Housing Affordability, Industry Group Says ." In addition, I've seen TV reports that continue to note how affordable housing has become.
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