Buying a home is an exciting journey, but it's not without its twists and turns. One specific daunting aspect for many homebuyers is understanding the sphere of closing costs.
An extremely light week following the FOMC, with the only note-worthy reporting being the Consumer Sentiment reports from the University of Michigan, which gives a long term outlook of the consumer on the economy. The report has come in well under expectations, much more so than any previous release in the last 6 months. This is largely due to the increase in the cost of living for every sector.
Are you considering purchasing a property governed by a Homeowners Association (HOA)? If so, you've probably come across the term "HOA fees." What exactly are these fees, who pays them, and why are they necessary?