Month: August 2023

Apache is functioning normally

Despite grumblings of mortgage credit being overly tight, most Americans now seem to believe it’s easy to get a mortgage.

Fannie Mae released its January 2014 National Housing Survey this morning, which revealed that 52% of respondents thought it would be easy to get a home mortgage today, the highest level in the survey’s three-and-a-half-year history.

[Why mortgages are declined.]

Sure, the survey only extends back to a time when the mortgage industry was grappling with a massive number of defaults and foreclosures, making it mostly unwilling to lend, but it’s welcome news for those thinking about purchasing a home.

The number is also up from 42% back in January 2013. At the same time, 45% still believe it is difficult to qualify a mortgage, meaning we’re a long way from the days of no-doc 100% financing on four-unit investment properties (thank goodness).

The share of those who said they would buy if they move also hit an all-time survey high of 70%, while an all-time low 26% said they’d rent if they moved.

Now if only there were some homes available for purchase…

Expectation for Higher Home Prices Dropping Steadily

While that all sounds like great news, there are a few problems as well.

Consumers are no longer super bullish on housing. In fact, just 65% believe it is a good time to buy, down from 67% a month earlier and 69% a year ago.

The number was as high as 71% during the summer of 2013, but has since fallen as home prices have already surged.

Speaking of home prices, the average 12-month home price change is only expected to be 2%, down from 3.2% in December and 2.4% a year ago.

And only 45% of respondents believe home prices will rise over the next 12 months, compared to 49% in December.

One silver lining is that fewer consumers believe mortgage rates will rise over the next year; just 55% see them climbing from current levels, which is down from 57% a month earlier.

But only 5% see them going down, so there’s not much expectation for things to get any better than they already are.

Americans More Positive About the Economy

Perhaps more important is the fact that more Americans believe the economy is moving in the right direction again.

An improved 39% feel the economy is on the right track, up from 31% in December. And only 54% believe it’s on the wrong track, down from 59% a month earlier.

Additionally, a larger share of respondents believe their personal financial situation will improve during the coming year, which could get more home buyers off the fence.

Taken together, consumers seem to feel that the housing market is healthy again, but after a year of solid (or even unjustifiable) gains, the gold rush appears to be over.

In other words, many would still buy if they happened upon a favorable property at the right price, but few expect to get rich off housing overnight.

While this may sound unappealing, it’s actually nice to hear that consumers are being more modest and realistic in their expectations about the housing market.

We don’t need that bubble mentality to rear its ugly head again so quickly.

Source: thetruthaboutmortgage.com

Apache is functioning normally

A physician assistant (PA) is a medical professional who handles a variety of key responsibilities. According to the American Academy of Physician Assistants, these include:

•   Diagnosing illnesses
•   Developing and overseeing treatment plans
•   Prescribing medications
•   Serving as the principal healthcare provider for many patients

Gaining the skills necessary to take on these medical responsibilities involves a master’s degree level of education, as well as:

•   A bachelor’s degree
•   Courses in basic and behavioral sciences as prerequisites
•   An average of 3,000+ hours of direct patient contact
•   More than 2,000 hours of clinical rotations (beyond classroom instruction)

With all of those educational requirements, it’s natural to wonder about the physician assistant program cost.

PA Program Cost

The Physician Assistant Life collated information from these three key resources to arrive at average costs for the 2023-2024 application cycle: the American Academy of Physician Assistants (AAPA), The Physician Assistant Education Association (PAEA), and a recent NCCPA Statistical Report. What they found:

•   The average cost of a 27-month resident PA program (including public and private) is $95,165.
•   The average cost of a 27-month PA program (including public and private) for nonresident students is $103,660.
•   The average total resident tuition and nonresident tuition were higher for PA programs from private institutions than for those from public institutions.
•   There was a 4% to 7% increase in the average total resident tuition for public and private institutions.
💡 Quick Tip: When shopping for a private student loan lender, look for benefits that help lower your monthly payment.

Paying Physician Assistant Program Costs

After making the decision to become a physician assistant, it then becomes time to figure out how to pay for the PA program.

By the time someone reaches this point in their education, they are probably already aware of the Free Application for Federal Student Aid (FAFSA®) process that allows them to be considered for federal student aid. Often (but not always), by the time that someone is ready to fill out the FAFSA for PA school, they will be considered an independent student, someone who no longer needs to include parental financial information in the application.

Federal Student Aid

The results of the FAFSA application will determine eligibility for federal aid including:

•   Federal student loans
•   Federal grants
•   Federal work-study options

Federal loans can be a popular way to pay physician assistant program costs for several reasons, including the fact that payments:

•   Can be deferred until after graduation
•   Can sometimes qualify a student for tax deductions
•   May come with the potential for loan forgiveness

The types of federal loans available for graduate students are slightly different from those available to undergraduate students. The borrowing ceiling is higher but interest rates typically are as well. PA students may qualify for a Direct PLUS Loan if enrolled at least half time without any adverse credit history.

Federal Grants and Work Study Programs

Federal grants don’t need to be repaid. Here is a list of federal grants , their program details, and the amount that can be awarded.

PA students may also be eligible for work-study based on the FAFSA. Typically, students need to apply for these jobs, often ones at the university. Besides helping PA students to earn money, these jobs could be in the medical field, which can help students gain valuable experience.

University Help

Students can check to see what grants, scholarships, and/or fellowships their university offers by contacting the financial aid office. Some institutions use the FAFSA information to determine eligibility, while others have their own applications. Awards can range from a small grant to the amount of the full tuition. Check out deadlines for school-specific financial aid to meet them successfully.

More About Grants and Fellowships

Scholarships are available through the federal government, as well as through states, non-profit agencies, organizations, companies, and more. In general, these are merit based and don’t require repayment. (By contrast, grants are typically need-based.)

There are numerous grants and scholarships that are specifically designed to help with PA program costs. As just one example, the Physician Assistant Foundation has provided more than $2.3 million in scholarships to more than 1,400 future PAs. Requirements include:

•   Being a student member of the American Academy of Physician Assistants (AAPA)
•   Attending a PA program that is ARC-PA-accredited
•   Completing at least one quarter or semester in PA studies
•   Being in good standing, academically
•   Being enrolled in a PA program during the application cycle

Grants to cover PA program costs can get more niche, such as Association of Physician Assistants in Oncology’s APAO Student Scholarship . Requirements include:

•   Being an APPA member or applicant who is in the last year of an ARC-PA-accredited program
•   Being in the clinical phase, having already completed or nearly completed basic science courses
•   Not receiving a PA Foundation or other specialty organization scholarship
•   Having a strong interest in the oncology field; clinical rotation in an oncology speciality is strong encouraged
•   Having a minimum GPA of 3.0

As another example, Physician Assistants Orthopaedic Surgery, Inc. offers the annual Susan Lindahl Memorial Scholarship , providing four $5,000 scholarships each year.

Members of the National Guard may qualify for the Medical Professional Officer Accession Bonus (OAB). To find state scholarships and grants, contact the appropriate state’s Department of Education . If a parent died in Iraq or Afghanistan while in military service, a federal grant may be available.

There are also state-specific PA scholarships, such as those offered by the California Academy of Physician Assistants (CAPA). Student members of CAPA can be eligible for one of five different $2,000 scholarships.

It may help to look for opportunities from where the student’s bachelor’s degree was obtained. For example, if you are a member of a fraternity or sorority, there may be scholarships available to cover PA program costs.

In addition, student athletes who attended an NCAA institution could qualify for the NCAA Postgraduate Scholarship , with up to 126 of them awarded each year. Student-athletes must excel both academically and athletically and be in at least the last year of intercollegiate-level competition. Non-renewable scholarships of $10,000 are provided three times annually (corresponding with sports seasons of fall, winter, and spring) with 21 available for women and 21 for men during each sports season.

Fellowships

Graduate fellowships usually require that a student study, work, or research in the PA field, which means that they can gain useful experience while also earning money for the physician assistant program costs.

To find opportunities, talk to your university’s financial aid department or reach out to non-profit agencies connected to the PA field. The application process can be rigorous but can also be quite worthwhile.

Additional Ideas to Consider

When determining what PA school will cost, you’ll want to factor in any federal funding options (loans, grants, and scholarships), university help, and other grants, scholarships, and fellowships you may be eligible for. You’ll next need to consider what, if any, gaps in funding are left.

Ways to cover that gap can include employer tuition reimbursement, becoming an in-state resident, becoming a resident advisor (RA), working as a teaching assistant (TA), and private student loans. Here’s a closer look at each.

Employer Tuition Reimbursement

Some employers reimburse employees for a certain part of their education costs. It can be worth checking what is available, how to apply, and what constraints might exist. A company might, for example, only reimburse funds for certain degrees or they may require that a student receiving reimbursement stay at the company for a predetermined amount of time.

Some employers may provide employees with professional development funding. If so, you may want to find out whether this be used towards PA program costs.

In-State Resident

You can often save a significant sum of money by attending a public university in the state where you live. Each state determines residency in different ways. So if you’re thinking about relocating to take advantage of in-state residency savings, check to see what residency requirements are. Some states mandate one year of full-time residency while others may require three.

Resident Advisor

RAs help new students get settled into dorm life and are compensated for their work. This usually includes part, if not all, of their room and board; perhaps a meal plan; and sometimes a reduction in tuition. Plus, RAs typically can get their own room, which can make studying easier (although this job does come with plenty of responsibilities and interruptions). How much an RA is compensated varies by university.

Teacher Assistant

This can involve prep work for teaching, organizing lab work, conducting research, grading papers, and more. Payment can come in the form of reduced tuition or a stipend. Besides helping with PA program costs, being a teaching assistant can provide experience in the field and allow students to network with industry experts.
💡 Quick Tip: Need a private student loan to cover your school bills? Because approval for a private student loan is based on creditworthiness, a cosigner may help a student get loan approval and a lower rate.

Private Student Loans

If additional funds are needed, private graduate student loans can help. Private student loans are available through private lenders, including banks, credit unions, and online lenders. Rates and terms vary, depending on the lender. Generally, borrowers (or cosigners) who have strong credit qualify for the lowest rates.

Keep in mind, though, that private loans may not offer the borrower protections — like income-based repayment plans and deferment or forbearance — that automatically come with federal student loans. But if you are looking for supplemental funding for your PA program, private student loans may be worth looking into.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.


SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi.com/eligibility-criteria for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

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Source: sofi.com

Apache is functioning normally

From fishing and boating to hiking a glacier, Alaska is an outdoor enthusiast’s wonderland. What’s even better, you never have to enjoy this natural beauty alone. The bears, eagles, moose, whales and salmon, among other wildlife, are ever-present to keep you company.

Alaska is a unique and beautiful place, that although sparsely populated, offers plenty of opportunities. But, living so far from the rest of the country can present some unexpectedly high costs. Even with the Permanent Fund Dividend of more than $1,000 per year, can your budget handle Alaska’s cost of living? Let’s find out by looking at a few key components of your average expense list.

Alaska housing prices

Cities in Alaska primarily exceed the national average when it comes to housing. Not all are crazy high, but those that offer more modern amenities, like shopping malls and movie theaters, will most likely cost you more, on average. Each of the ones on our list is part of the best places to live in Alaska, even with higher-than-average housing prices.

Anchorage

Big by Alaska standards, Anchorage probably feels more like an American city than other spots in Alaska. Its size helps. Here, you’ll find the busiest airport in the state, University of Alaska students and plenty of museums, restaurants and breweries.

Housing in Anchorage is 41.5 percent above the national average, but most prices are holding steady. Home prices rose 8.9 percent compared to last year. The median home price in Anchorage is currently $385,000.

Fairbanks

Attracting a lot of students and families, Fairbanks is Alaska’s second-biggest city. It also experiences 24 hours of daylight, or the Midnight Sun, in the summer. Housing prices here are only slightly above the national average at 3.2 percent. This keeps rent and housing costs at a relatively reasonable rate even if prices rise year-over-year.

The average rent for a one-bedroom apartment is $700 per month, and a two-bedroom will cost $1,600, up a whopping 60 percent from last year.

Median home prices have risen 38.1 percent over last year, but are still sitting on the lower end when compared to other cities across the country. The median sale price in Fairbanks is $285,000.

Juneau

The sweet city of Juneau is Alaska’s capital, so it’s full of government jobs. A popular cruise ship port, Juneau also brings in a lot of tourists. With a robust downtown, for such a small town, there’s plenty to do here, which may explain why housing is 40.1 percent above the national average.

People want to live in Juneau when they’re considering calling Alaska home, but there’s still plenty of value in renting here. The average apartment rent is $1,300 per month for a two-bedroom, compared to the average home price of $665,000.

Food prices

Another cost of living in Alaska is food. Given the limited number of restaurants throughout the state, Alaskans spend a little bit more, on average, on groceries. Their average monthly grocery bill ranges between $300 and $333. Of course, they’re buying all the delicious seafood and game meat considered staple foods in the state. Items like salmon and crab pulled right from the water, and reindeer, moose and caribou are as local as you can get.

Overall, food prices throughout sit above the national average by quite a bit.

  • Fairbanks is 22.1 percent above the national average
  • Anchorage is 26 percent above the national average
  • Juneau is 38.8 percent above the national average

These higher prices are also reflected in meals out. A typical three-course meal for two is $90 in Fairbanks, $75 in Anchorage and $54 in Juneau. It’s interesting to note, though, that the city with the least expensive food prices will cost you 17 percent more for a night out than the most expensive city for food on our list.

Utility prices

Electricity is the big utility in Alaska, and on average, monthly bills are pretty high. Juneau and Anchorage will cost you just over $100 per month, but in Fairbanks, average electric bills hit as high as $225.

Overall, utility prices in Alaska break down like this:

  • Anchorage is 20.5 percent above the national average
  • Juneau is 32.6 percent above the national average
  • Fairbanks is 109.2 percent above the national average

There are multiple sources generating electricity in Alaska, including natural gas and hydropower. In fact, rivers in Alaska offer some of the best hydroelectric power in the U.S. The state also has energy-producing capabilities through wind energy along the coast, and its many volcanic fields may lead to a source of geothermal energy.

Transportation prices

Although across the state, you’ll find a low walk score overall, most cities have highly walkable areas, especially those along the coast that cater to cruise ships. Some cities, weather permitting, provide for decent biking, but public transportation and your own car are pretty necessary.

When compared to the rest of the country, cities in Alaska all have transportation prices higher than the national average.

  • Fairbanks is 9.2 percent above the national average
  • Anchorage is 14.5 percent above the national average
  • Juneau is 17.3 percent above the national average

Not necessarily as high as other aspects that contribute to your overall cost of living, most cities supplement the cost of owning a car by providing adequate public transportation.

MACS in Fairbanks

The Metropolitan Area Commuter System or MACS in Fairbanks is a bus system consisting of eight routes. It focuses on the urban areas, North Pole, Farmers Loop and the airport.

You can purchase a single-way fare, if you’ve got the cash, for $1.50, but it’s much easier to go with a $ 3.00-day pass or a $40 monthly pass. The monthly passes are only good in the calendar year in which they’re purchased.

Muni in Anchorage

In Anchorage, the Muni system gets broken down by route type. You’ve got:

  • Frequent routes
  • Standard routes
  • Neighborhood routes
  • Commuter routes

They’re all pretty self-explanatory based on their name, so if you live close to the city center, you’re most likely using those frequent routes to get around town. A single-way fare on Muni is also cash only at $2.00. A day pass will cost you $5.00, and a monthly pass is $60.

Capital Transit in Juneau

Fifteen bus routes that come together to circle the city of Juneau make up Capital Transit. They hook around the University of Alaska at one end, and go slightly past the downtown area at the other, making a variety of stops in between.

A single-way fare, again cash only, is $2.00, but you can save some money and buy a $40 monthly pass, instead.

Healthcare prices

The cost of living in Alaska for healthcare is higher than anywhere else in the country. This impacts prices for medical visits, as well as medications.

  • Juneau is 49.4 percent above the national average
  • Fairbanks is 52.7 percent above the national average
  • Anchorage is 53.2 percent above the national average

Looking at the average cost of a doctor’s visit, all three of these cities are within $10 of each other regarding cost. It makes sense considering how close they rank in relation to their city-wide averages for healthcare, as well. The average trip to the doctor’s in Juneau is $227.67.

Goods and services costs

Consisting of all the things you like to have in your life, but don’t require to survive, goods and services can quickly suck up a large portion of your monthly budget. Understanding average pricing in this area can really help you create realistic expectations for your cost of living in a state like Alaska.

  • Juneau is 5.4 percent above the national average
  • Fairbanks is 18.4 percent above the national average
  • Anchorage is 24.5 percent above the national average

To see how this plays out in a few line items, check out this chart of key goods and services.

Vet bills may average out so high across the state thanks to a large number of working dogs in Alaska. Yes, people keep them as pets, but you’ve got sled dogs, working outside in the cold, as well.

Childcare costs

Another service people frequently need at some point in their lives is childcare. This service, in particular, can have a huge sticker shock when looking at the bill. Knowing what to expect in advance can not only make it easier to budget for this important service but enable you to look at the quality of the preschool over the price.

For a full-day, private preschool, it will cost you:

Taxes in Alaska

Alaska is one of only nine states with no state sales tax and no income tax. Instead, taxes get placed on other things like gas and cigarettes.

Local areas are able to impose a sales tax if they want. Totaling those up together, the average rate across the state is 1.76 percent. But, cities like Fairbanks and Anchorage are still at zero for sales tax. Juneau charges 5 percent.

That means that most of the time you’re out shopping, all the money you’re paying goes toward the cost of the goods you’re buying. You’re not having to deal with a markup related to sales tax (unless you’re shopping in Juneau).

How much do I need to earn to live in Alaska?

To align your budget perfectly with the cost of living in Alaska, it’s best to do some number crunching using our rent calculator. However, if you want to work through a quick estimate, it’s best to just look at rent. Since rent should take up about 30 percent of your income, a quick equation can help you figure out what your minimum salary.

So, the average rent in Alaska is $683, which means you need $27,320 for your minimum salary. This won’t create a problem since the average Alaskan’s salary is more than double at $62,700. While lower rents will cluster in the more rural areas, and some urban areas could have higher prices, it’s not problematic to fit Alaska housing into your budget with money left over for all the other costs of living.

Living in Alaska

Considered by some as America’s last frontier, living in Alaska is never boring. The natural beauty, outdoor activities and crazy amount of wildlife make even a trek to the store a potential adventure. And, while you may not have a ton of neighbors, there’s something about living a more chill life in a less populated area.

If you can weather the cold, and want to experience living in a place unlike any other in the country, Alaska is for you.

The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of June 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Source: rent.com

Apache is functioning normally

Achieving the dream of homeownership takes on a unique flavor when set against the backdrop of the Sunshine State – Florida. Whether you’re drawn to the enchanting coastal allure of Miami Beach condos or the serene suburban vibes of Tampa, FL, houses, navigating the path to owning a piece of Florida paradise comes with its own set of considerations. From the annual dance of hurricane season to the nuances of local architecture and environmental factors, being well-informed through an indispensable home inspection is paramount before buying a home. 

Across Florida’s diverse regions, seasoned home inspectors have encountered an array of challenges that potential homebuyers should be aware of. In this Redfin article, we delve into six things to look out for when buying a home in Florida.

1. Regularly assess for mold

“For more than three decades, we’ve been serving the entirety of Florida. Our specialization lies in thorough mold assessments. Given the yearly exposure to hurricanes in our region, homes often experience significant water intrusion and damage from these storms. Unfortunately, some of these issues remain hidden until much later,” shares Inspection Services of Florida LLC.

“We collaborate closely with numerous customers who encounter respiratory problems. In such cases, we conduct assessments to determine if mold is the underlying cause. As a result of the history of hurricanes, we frequently uncover storm-related damage that was either left unaddressed or concealed, often due to house flipping.

Prior hurricanes have taught us a valuable lesson: comprehensive mold inspections are vital before purchasing a home. This step ensures transparency and helps safeguard your investment for the long term.”

Courtesy of Inspection Services of Florida LLC

2. Pest intrusion

“On one of my home inspections I observed a hole in an exterior stucco-covered foam trim board. As I continued my inspection I noticed a Woodpecker flying around the area. So I decided to remove myself a distance away to see what the bird was doing. It only took a few minutes when I saw a Woodpecker land at the entrance of the hole in the trim board. I realized what was happening, the Woodpeckers using its bill to find insects. In this case the material that the Woodpecker was pecking on was easy to penetrate and so it continued to burrow out an entrance into the trim material,” says RTS Inspections.

“Exterior grade cement coated (stucco) foam molding is made of Styrofoam or Polystyrene Foam, which can be fabricated into many different shapes. This product is used nationally in many climates. Foam is easy to cut into and shape as needed. Stucco covered foam trim is very beneficial as a source of insulation and as a decorative element around exterior surfaces of a home, like around windows and doors.

As with all structures, there is always a concern for potential animal intrusion. Animals are very good at finding ways to get into areas to build nests. Rodents for instance will jump off tree branches that are too close to the building and land on roofs. Once they land they search for gaps and holes to enter into.

When inspecting a home it is crucial to look for possible entry points around the house and report on those areas. The next step for the inspector is to observe areas inside the house that might be impacted by those entry points. In the case of this Woodpecker, the damages were limited to just the exterior trim board. In other cases, I have seen gaps in soffits and eaves where animals have penetrated and entered into attics. In the case of animal or pest infestation, a licensed pest removal contractor is recommended.”

Courtesy of RTS Inspections 

3. Storm impact

“Whether factual or mere folklore, the moniker ‘Lightning Capital of the World’ is a label frequently associated with Florida,” shares Sherlock Home Inspections. “Given the prevalence of storms in the region, it’s a nickname that holds some truth. However, with these climatic conditions comes a distinctive set of challenges, particularly in the realm of electrical systems. 

Take a close look at the copper wires shown below. While discoloration might typically arise due to oxidation, the distinct blue hue of these wires stems from a surge triggered by a lightning storm. Upon more comprehensive inspection, a host of additional issues were brought to light—underscoring the importance of addressing electrical concerns with precision and vigilance in a region renowned for its electrical intensity.

Courtesy of Sherlock Home Inspections

In a state prone to high winds and intense rainfall, addressing roof problems promptly is imperative. Florida’s climatic conditions make it imperative to identify and rectify roofing issues as soon as they arise. It’s crucial to recognize that even minor roof concerns can rapidly snowball into significant complications. Given this reality, securing the services of a knowledgeable Home Inspector becomes paramount. A seasoned professional who understands the intricacies of roofing systems can detect potential red flags, ensuring that minor hitches are nipped in the bud before they evolve into major complications. With the right expertise at your side, you can confidently navigate the challenges of maintaining a secure and resilient roof in Florida’s ever-changing weather landscape.”

4. Termites

“Florida is susceptible to termite problems due to its warm and humid climate, which creates a conducive environment for these pests to thrive. Termite swarms are a common occurrence in Florida during the warm and humid months. These swarms are often a sign of an established colony nearby, and they can be quite alarming to homeowners,” warns Next Step Inspections.

“The two most common termites are:

Subterranean: These are the most common and destructive type of termites in Florida. They build their colonies underground and create mud tubes to access wood above ground. They can cause significant damage to structures if left unchecked.

Drywood Termites: These termites infest dry wood and do not require contact with soil. They can be found in furniture, wooden beams, and other wooden structures. Their infestations can be hard to detect until significant damage has occurred.

We have found that if the wooden structures go untreated for long periods of time and these insects invade the wood, severe damage can impact the integrity and the structure. We have seen areas that are unsafe to walk in the attic due to significant termite damage. In cases where the damage is detrimental, a structural engineer or building contractor will review the damages to recommend the proper repair. 

Dealing with termites in Florida often requires professional pest control services. Regular inspections by experienced technicians can help detect infestations early and implement effective treatment plans. We recommend having a Wood Destroying Organism (WDO) Inspection when you are considering the purchase of a property. This inspection can help identify other issues the home inspector may not be qualified to include in their report.”

5. Polybutylene piping

“Polybutylene piping stands as a nightmare for both property owners and the insurance industry at large. As a solution for home re-piping, polybutylene piping emerged on the scene. It offered flexibility, ease of use, and cost-effectiveness during its time. While it had been in use since the 1970s, its popularity soared in the 1980s and 1990s. However, it was eventually discontinued in the mid to late 1990s due to its susceptibility to leaks,” informs Orlando’s Best Home Inspection. “The chlorine present in municipal water systems caused joints and piping to fail. Typically, the interior of the tube is gray or black, while the exterior can range in blue, black, or gray. The lettering ‘PB’ may also be visible, which is the clearest giveaway.

Presently, many homes still feature polybutylene piping, prompting insurance companies to mandate replacement with approved alternatives like PEX, CPVC, or copper piping.

In our practice, we thoroughly assess this issue during both our standard Orlando home inspection and our Orlando 4-point inspection. We frequently encounter cases where partial re-piping work has been carried out on visible portions of the supply system, only to find original polybutylene piping remaining in less accessible areas such as the attic. Correcting this problem is costly and presents a major obstacle in obtaining home insurance.”

6. Stucco cracks and waterproofing

“Most homes in SouthWest Florida feature exterior walls made of concrete block with stucco finishing. It’s common for stucco to develop hairline cracks over time. These cracks are generally not a structural concern as long as they are too narrow to fit a penny. If a penny can fit, it raises some cause for concern,” suggests Golden Rule Home Inspections.

“When cracks in the stucco follow the block pattern, it indicates excessive settlement in the foundation. Again, if these cracks are wide enough to accommodate a penny, they warrant attention.

The waterproofing of SouthWest Florida’s concrete block and stucco homes relies on painting the stucco. If a crack appears in the stucco, the waterproofing becomes compromised, potentially leading to water intrusion and subsequent mold growth. To address this, it’s recommended to repair the crack by applying a small amount of Mor-Flexx caulking or an equivalent product. After applying, gently rub it in with a sponge or foam paint brush to blend it into the wall’s finish, followed by painting the wall. Mor-Flexx boasts a mortar-like appearance that stretches like rubber, retaining its elasticity over the years.”

Courtesy Golden Rule Home Inspections

7. Insurance challenges and regional concerns 

“I think the biggest issue in Florida right now is insurance companies leaving the state. They have become very particular about roofs. Even though most asphalt shingle roofs last more than 20 years, they do not like roofs past 15 years old. Even in very good condition. This due to the losses coming from hurricanes in the recent past,” says Pillar To Post Home Inspectors.

“Insurance inspections need to be done on top of getting a thorough home inspection. 4-Point (Roofs, Plumbing, Electrical, and HVAC) Inspections are expected on homes 20 years old or older. Getting a Wind Mitigation Inspection, which is determining the home’s wind resistance, can save a lot of money on insurance costs.

Another thing I think is very regional to the state is mold testing. With the humidity in Florida, this is a common concern. Especially in homes that have been vacant, and the air conditioner is not turned on or set at 78 degrees or higher.”

Source: redfin.com

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Real estate listings platform Zillow says it’s planning to buy and sell homes in the Las Vegas and Phoenix areas as part of a major change to its business model.

The company is working with Berkshire Hathaway and Coldwell Banker to make offers on suitable homes, before selling these to buyers. Zillow will pay commissions and also “make necessary repairs and updates and list the home as quickly as possible.”

Zillow is calling the new program “Instant Offers”, and says it will help provide agents with an opportunity to acquire new listings by hooking them up with motivated sellers who’re taking direct action to sell. The way it works is that interested homeowners can offer to sell their home to Zillow directly. They simply submit their home for consideration, and after a review Zillow will make what it believes is a fair offer to buy that property.

“Across all testing, Zillow found the vast majority of sellers who requested an Instant Offer ended up selling their home with an agent, making Instant Offers an excellent source of seller leads for Premier Agents and brokerage partners,” the company said in its announcement.

The announcement is a big change for Zillow, which mainly acts as a hub of information on properties for sale. By buying and selling homes itself, Zillow is taking on significant costs and risks, which may help to explain why its share price fell by 7 percent on the news. Clearly, some investors are averse to this increased risk.

Nonetheless, Zillow said it was optimistic that the new model would prove to be successful after extensive testing carried out in the last year.

Zillow CEO Spencer Rascoff later told CNBC that the company was “ready to be an investor in our own marketplace”. He said Zillow has a major advantage as it has unique access to a “huge audience” of sellers and buyers.

The move puts Zillow in direct competition with a site called Opendoor.com, which operates a similar business model, buying properties and readying them for the next buyer.

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at [email protected].
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Source: realtybiznews.com

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In a hawkish tone, Jerome Powell said that Federal Reserve (Fed) officials are prepared to raise the federal funds rate further and hold it at high levels until they are confident that inflation is moving sustainably down to the 2% target. And that’s unclear at this point.

There are some sources of pressure on U.S. prices — among them is the housing market, Powell said Friday morning during an economic policy symposium in Jackson Hole, Wyoming. 

“So far this year, GDP [gross domestic product] growth has come in above expectations and above its longer-run trend, and recent readings on consumer spending have been especially robust,” Powell said. 

“In addition, after decelerating sharply over the past 18 months, the housing sector is showing signs of picking back up. Additional evidence of persistently above-trend growth could put further progress on inflation at risk and could warrant further tightening of monetary policy.”

Powell said that the effects of monetary policy became apparent soon after liftoff in the housing sector. Mortgage rates doubled in 2022, causing housing starts and sales to fall and house price growth to plummet. 

In fact, mortgage rates kept an upward trend in 2023, following the Fed’s moves to combat persistent inflation. On Friday, the 30-year fixed mortgage rate was 7.37% at Mortgage News Daily, the highest in over two decades. Economists see rates potentially reaching the 8% level. 

Regarding the housing services inflation, Powell said it lagged the monetary tightening. According to him, the main concern here is rents, which have only begun to slow down. “We will continue to watch the market rent data closely for a signal of the upside and downside risks to housing services inflation,” he said. 

Other components of inflation show different trends.

Core goods inflation has fallen sharply due to tighter monetary policy and the slow unwinding of supply and demand dislocations. Less sensitive to the Fed moves, nonhousing services, which account for over half of the core PCE and include items such as health care and transportation, have moved sideways since liftoff, Powell said. 

The labor market continues to rebalance, with improved supply and moderated demand. This rebalancing has eased wage pressures. The Fed expects the trend to continue, but evidence that the tightness in the labor market is no longer easing could also call for a monetary policy response, Powell said. 

Committed to the 2% target 

The core PCE inflation index, closely watched by the Fed officials, peaked at 5.4% on a 12-month basis in February 2022 and declined gradually to 4.3% in July 2023. 

The lower monthly readings in June and July of 2023 were welcome but only “the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal,” Powell said.

“We can’t yet know the extent to which these lower readings will continue or where underlying inflation will settle over coming quarters. Twelve-month core inflation is still elevated, and there is substantial further ground to cover to get back to price stability.”

The Fed, however, remains committed to the 2% inflation target, Powell said. It’s challenging to know when such a stance has been achieved in real-time, he remarked. 

Despite Powell seeing the current rate as restrictive to the economy, he can’t identify with certainty the neutral rate of interest – the rate at which monetary policy is neither stimulating nor restricting economic growth – which brings uncertainty about how high rates should be. In addition, it’s not clear the duration of the lags with which rate hikes affect economic activity and inflation. 

“As is often the case, we are navigating by the stars under cloudy skies,” Powell said. “We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data.”  

Source: housingwire.com

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In our latest real estate tech entrepreneur interview, we’re speaking with Igor Dzhebyan from andcards.

Who are you and what do you do?

Igor Dzhebyan, the CEO and Co-Founder of andcards — we provide technology that elevates a coworking brand.

What problem does your product/service solve?

Rising independent coworking networks strive to build strong brands. Mobile apps are an important touchpoint, often overlooked due to a lack of resources and know-how. andcards makes white-label mobile apps that reflect a coworking space’s brand, powers member engagement, and builds a unique online presence. Our software is used daily for meeting room bookings, membership benefit applications, and connecting to other members through a collaborative news feed.

What are you most excited about right now?

Scaling andcards workspace management technology around the world. Since our customers are mature coworking spaces that pay attention to their brand, the quality of their workplaces and interiors are simply jaw-dropping. It is really exciting to see how our customers adapt our technology to simplify management and improve the member experience. The emotions of coworking members make me feel proud of our work.

What’s next for you?

We just released andcards v4, allowing additional design customization to reflect the customer’s coworking brand. In 2020, we plan to focus on three key areas:

  • Further perfect the user experience of our product, making it even more minimalist, simple, and intuitive. 
  • Enable even more customization, transcending a coworking space’s brand identity, so the app really feels like your own. 
  • Cooperating with our partners, from CRMs, access control, billing and payments, through to marketing, to offer coworking spaces the flexibility of using professional tools for their business.

What’s a cause you’re passionate about and why?

Education. In my opinion, it is the greatest achievement of humankind that gave us enlightenment, modern science and technology, advancing our understanding of the universe and ourselves. Education brought us out of an eternal loop of poverty and Medieval superstition. It made us believe in ourselves, cultivating the entrepreneurial spirit–while allowing more freedom to travel the world, work remotely (often at coworking spaces), and be who we want to be. The new way of education and work enables social lifts, especially in underprivileged communities, improving the quality of life for hundreds of millions of people.

Thanks to Igor for sharing his story. If you’d like to connect, find him on LinkedIn here.

We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).

Source: geekestateblog.com

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In this episode, we dive into the evolving landscape of the gig economy, exploring its impact on business models both locally and globally. We also talked about the synergy between remote work and company culture, and how it makes companies adopt innovative ways to track efficiency of diverse work structures. We pivoted the discussion also to talk about the relationship between debt, consumer behavior, and interest rates. We explored how these elements intertwine and influence financial decisions at both individual and societal levels.

Meet the hosts:

1. Mike (The Sage) Ayala is an accomplished investor, speaker, and podcast host, who stands at the helm of Investing for Freedom, guiding busy professionals and entrepreneurs toward the path of genuine liberation and optimal living.
2. Ashish (Hostess with the Most-est) Nathu is a founder and CEO, entrepreneur, real estate investor, triathlete, and host of the Rich Equation Podcast.
3. Matt (Hero of Hospitality) Aitchison is a distinguished real estate investor, captivating speaker, and committed philanthropist.
4. Aaron (The Trend Spotter) Amuchastegui is a seasoned real estate virtuoso with a remarkable track record of over 1,000 house transactions, predominantly acquired through astute foreclosure purchases at courthouse auctions.

Welcome to episode 3 of The Kings Table Podcast, a captivating new show hosted by Ashish, Mike, Aaron, and Matt. Join us for an unfiltered, authentic experience as we gather weekly to delve into the raw discussions that drive our lives, businesses, economics, and the world.

Highlights:

04:16 – How working from home can enhance company culture and still get better results
10:50 – How do we track productivity for different working types for smaller businesses?
16:56 – How the US workforce compete with the global workforce
21:55 – Discussion around debt and how it is tied to consumer behavior and interest rates

Connect with us!

We eagerly await your feedback about the show! Kindly share your thoughts via text message at this number: (844) 447-1555.

Mike Ayala:
Instagram: https://www.instagram.com/themikeayala/
YouTube: https://www.youtube.com/channel/UCoa4pNSAYxBM6nSn2jCrPYA
Website: https://investingforfreedom.co/

Ashish Nathu:
Instagram: https://www.instagram.com/ashishnathu/
YouTube: https://www.youtube.com/channel/UC1TXia_kxtVVCV29jmoTmeg
Website: https://www.therichequation.com/

Matt Aitchison:
Instagram: https://instagram.com/officialmattya
YouTube: https://www.youtube.com/mattaitchisonmedia
Website: https://www.MillionaireMindcast.com

Aaron Amuchastegui:
Instagram: https://www.instagram.com/aaronamuchastegui/
YouTube: https://www.youtube.com/@AaronAmuchastegui/about
Website: https://www.aaronamuchastegui.com/

Source: realestaterockstarsnetwork.com

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Musical preferences are subjective and vary from person to person, but there are a few specific genres such as country, rap, and metal which are pretty commonly disliked. These genres are criticized for being overly simplistic, repetitive, or aggressive; and though nobody likes every genre of musuci, here are some of the least-liked musical styles our friends on Reddit love to hate. 

1. Country Rap 

Photo Credit: Shutterstock.

Country rap is a music genre that blends elements of country and hip-hop/rap music. But despite the innovation, many people find the combination of traditional country with modern hip-hop and rap vocals a little too jarring.

Manufactured, not Organic

Photo Credit: Shutterstock.

One Redditor expressed displeasure by saying, “…Country Rap, hell no. Sounds like Frat Boy manufactured [stuff] that you can tell an exec was behind. Faker than every reality TV show. That would be like J Cole picking up a guitar or Kendrick moving down to Alabama. And honestly, County fans deserve better.”

2. Cloud Rap

Photo Credit: Shutterstock.

Cloud rap is characteristically dreamlike, and relies heavily on ambient synthesizers, reverb, and delay effects. The lyrics focus on introspective themes, which can seem self-indulgent or lacking substance. The genre’s experimental nature and lack of emphasis on beats and bass lines may also not appeal to all listeners. Ultimately, it’s just a very unique and specific genre.

3. Black Metal

Photo Credit: Shutterstock.

Black metal is a subgenre of heavy metal music known for its aggressive and fast-paced sound, distorted guitars, and shrieking vocals. It’s often unsettling with its themes of Satanism and nihilism. Black metal has faced criticism for association with things like church burnings. Despite this, black metal still has a dedicated following of fans who appreciate its raw and intense sound, provocative lyrics, and unapologetic attitude. Its influence on other subgenres of metal remains evident, however.

Slytherin in Real Life

Photo Credit: Shutterstock.

One Redditor said, “Black metal. I like death metal, and regular old metal, but the bit of black metal I’ve heard just sounds like a bunch of dudes trying to roleplay as Slytherin or something.”

4. Mumble Rap 

Photo Credit: Shutterstock.

Mumble rap is a subgenre of hip hop that emerged in the mid-2010s, known for its heavy use of autotune and repetition, resulting in indistinct lyrics. Its lyrics often focus on materialism, drug use, and hedonism. While some appreciate its catchy beats and melody, others criticize it for lacking substance and creativity. Critics argue that mumble rap lacks the depth and artistic complexity that hip hop is known for, with repetitive lyrics and generic sounds. 

5. Jazz

Photo Credit: Shutterstock.

Jazz is a music genre that originated in Southern US African American communities in the late 19th and early 20th centuries. It’s distinguished by improvisation and syncopated rhythms. Jazz has evolved with the influence of cultural and social movements, and its history is rich with diverse styles and artists. Some find its slower pace and unconventional instrumentation challenging, but jazz has been incorporated into other genres with great success. While it’s important to recognize the cultural significance of jazz music, it’s just not for everybody.

Jazz feels like Panic

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One Redditor said, “Jazz. Like the regular jazz. Lounge jazz, I don’t mind, but the regular stuff is just unorganised mess to me, and I’d describe it as an audible panic attack.”

6. Reggae 

Photo Credit: Shutterstock.

Reggae originated in Jamaica in the late 1960s. It is characterized by a strong rhythm from bass, drums, and guitar, along with the prominent use of an off-beat rhythm. Reggae lyrics often include social and political issues and messages of love and spirituality. Many genres, including Jamaican mento and ska and American R&B and soul have influenced reggae.

Angry by Association

Photo Credit: Shutterstock.

Reggae music suffered a lull due to a lack of promotion, lack of support, and a lot of US and UK artists keep trying to imitate the genre.

One Redditor said, “Reggae. Worked at a sandwich deli for a summer, and that is all they would listen to. Now I am conditioned to get angry whenever I hear that accent.”

7. Nursery Rhymes 

Photo Credit: Shutterstock.

While nursery rhymes have been a staple of early childhood education and entertainment for centuries, they are not universally beloved. Some people find the repetitive nature of nursery rhymes tedious or the simple melodies and lyrics unappealing. Despite their historical and cultural significance, nursery rhymes are not immune to criticism or dislike. It is important to remember that nursery rhymes have brought joy and education to countless children and continue to be a valuable resource for early childhood development.

8. Acapella 

Photo Credit: Shutterstock.

Acapella music is a style of vocal music that relies solely on human voices to create melodies, harmonies, and rhythm. It has a long history dating back to ancient religious chanting and folk music traditions and has gained popularity in recent years with the rise of acapella groups and competitions. Despite its unique sound and style, some people may not appreciate acapella music. Nonetheless, acapella music remains a valuable and innovative form of vocal music that continues to captivate audiences around the world.

The dislike of music genres is subjective and varies from person to person. Despite criticism and personal preference, all genres have their unique cultural significance and lasting impact.

10 Crazy Good Movies Where Women Are the Bad Guys

Image Credit: Lionsgate

Are you looking for a movie night with a twist? Look no further than these Reddit-voted top ten films where women take on the destructive bad guy role.

10 Crazy Good Movies Where Women Are the Bad Guys

15 Cover Songs that are Better than the Original

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Sometimes, a cover of a song ends up doing far better than the original. Some covers are so good that we didn’t even realize the cover version wasn’t actually the original.

15 Cover Songs that are Better than the Original

10 Celebrities Who Are Universally Disliked

Photo Credit: Shutterstock.

People will always have preferences and something to say about celebrities. What you might love may not be the same for others. Whether it’s about their past behaviors, legal issues, or feuds with other celebrities, here is a list of celebrities people just cannot stand.

10 Celebrities Who Are Universally Disliked

11 Vampire Movies That Will Leave You Yearning for More

Photo Credit: Columbia Pictures

Sometimes, we just love to watch a favorite vampire movie; one of the ones that never get old. It piques our imagination with the unknown, story of two teenagers fighting for their love, the incredible and creepy scenes, and the bloodsucking classics.

11 Vampire Movies That Will Leave You Yearning for More

25 Extraordinary Sequels and Remakes That Outshine the Originals

Image Credit: Rosebud Releasing Corporation

Every once in a while, a movie sequel or remake surpasses the original film. After polling the internet, “Name a single movie where the sequel or remake was better than the original?” Here are the top-voted responses.

25 Extraordinary Sequels and Remakes That Outshine the Originals



About the Author



Dan Williams



Source: financequickfix.com

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The good news:

While the exact numbers will vary depending on where you live, the latest survey of real estate experts forecasts that home prices will end 2016 up 4.5 percent on year-over-year basis.

And the bad:

Looking forward, they also expect the annual pace of home value appreciation to slow to 3.6 percent in 2017, 3.2 percent in 2018, 3.1 percent in 2019 and to 2.9 percent in 2020.

America’s two housing markets

House prices have always varied greatly by location, but never more so than during the current housing recovery. Prices are—and have  been—rising at very different rates in major markets.

Since the housing boom and bust gave way to recovery, the U.S. housing market has seemingly split into two unequal parts: Middle America, and coastal America. Home values are growing rapidly in markets on both East and West Coasts as hot job markets help keep demand for housing high, and more slowly in the Midwest and Heartland, where negative equity is still pervasive and job growth scant.

As a result, Americans—especially younger millennials—are moving away from Middle America and to the coasts in large numbers, whether for jobs, lifestyle preferences or both.

This June, home prices in San Francisco were rising 9.5 percent on a year-over-year basis while prices in Chicago rose only 1.4 percent.

How long will this trend continue?

More than half of those experts in the survey said they believed this trend has either already begun to reverse or will reverse in coming years.

Another 11 percent said this trend was actually an illusion, and that coastal markets are no more or less popular now than they’ve always been relative to Middle America. Just 25 percent of experts with an opinion said the coastal/Middle America split was likely to be permanent.

Of those experts who said the trend was likely to reverse, a majority (56 percent) said job growth in the middle of the country—driven by companies looking for cheaper alternatives to the coasts in which to expand—would eventually lure residents back to the Heartland.

Similarly, almost a quarter (24 percent) said Americans would migrate inland in search of more affordable housing, and 13 percent said Americans would start to seek the most traditional lifestyle that the middle of the country has to offer. Only 2 percent said climate change is likely to force residents away from the coasts.

In addition to the coastal/inland divide, the housing market has also experienced a notable shift between urban and suburban communities. The suburban home – long a symbol of success, stability, and the American Dream—may be losing some of its luster as urban homes grow in value more quickly.

Local factors, like employment and income growth, transportation infrastructure improvements like new highways and mass transit, and new home construction will have as much or more impact on home prices in your community than national or regional factors.

What this means for you

So far, coastal markets have been doing well. Prices are up, and many have started to think they’re on their way back to pre-crash highs. However, thanks to all the possibilities discussed above, that may not be the case at all.

If you’re in a hot coastal market, this can mean three things for you:

  1. Thinking about selling your home? 2016 might just be the best year to do so.
  2. Just bought a home this year? Don’t expect your new home to appreciate as it has been, at least through the end of the decade.
  3. Looking at buying a home as an investment? You’ll probably get a better rate of return in the stock market. However, these predictions will vary greatly depending on where you live.

This, of course, depends on your location.

Source: totalmortgage.com