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15 Apr 2020
By RESCO Realty

What Is House Hacking?

Real Estate, ,
Some clever millennials are teaching the older boomers a new way to invest in real estate, which goes by the name of "house hacking." What Is House Hacking? House hacking has nothing to do with computers, although you may go on the Internet to find candidates for real estate investments suitable for hacking. The goal of house hacking is to acquire a multifamily rental property, live in one part of it and rent out the other parts for enough rental income to cover most, if not all, of the expenses of owning the property. Live Rent-Free As the on-site manager…
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14 Apr 2020
By RESCO Realty

Home Improvement Projects For The Quarantined

Mortgage, ,
If you have paid attention to the news recently, you have probably heard about the coronavirus pandemic which also goes by the name COVID-19. Those who are exposed to the virus might be asked to place themselves in quarantine. Some states have even told their residents to shelter in place. While this infection has forced everyone to change the way they live their lives, there are still some home improvement projects you can tackle during quarantine to put your free time to use. Jump On Spring Cleaning One of the first home improvement projects people need to tackle is spring…
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13 Apr 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 13th, 2020

Financial Reports, ,
Last week’s economic reports were limited due to closures connected with coronavirus regulations. The Federal Reserve did not issue minutes for the most recent Federal Open Market Committee meeting as the meeting was canceled. Inflation readings were released; weekly readings on mortgage rates and new jobless claims were released along with the University of Michigan’s Consumer Sentiment Index. Consumer Price Index Falls In March The Consumer Price Index dropped by -0.40 percent in March; this was its biggest decline in five years. Lower inflation was largely due to falling fuel prices. The Core Consumer Price Index, which excludes volatile food…
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