NAR released a summary of pending home sales data showing that February’s pending home sales pace rose modestly 0.8% last month but fell 21.1% from a year ago.
In real estate, mom-and-pops are owners of small rental properties (1-4 units), and they do the day-to-day management of these properties. But being a mom-and-pop landlord can be challenging. While March 29 is designated as Mom and Pop Business Owners’ Day, let’s take a look at some facts about mom-and-pop landlords and small rental properties.
Mortgage rates fell even further this week. With rates below 6.5%, more Americans can purchase the median-price home by putting 18% down without being cost-burdened.