My mom gave $250K to my aunt to buy a home. My aunt has a mild intellectual disability and I’m afraid someone will take advantage of her

My mom is divorced from my dad and received a substantial lump sum as a settlement. My dad was always the breadwinner and managed the majority of their finances, so my mom is not nearly as money-savvy.

Three years ago, my mom helped her sister, who is single, purchase a home. The home was $350,000, and another $50,000 was spent on renovations.

I was aware that my aunt contributed $100,000 to this purchase from the sale of her condo. My mom was covering the rest. The house was paid in full.

What I did not know was that my mom put the entire house in my aunt’s name. My aunt does have a will stating that upon her death the house will go to my mom (or her estate), and my mom is her power of attorney.

My concern is that there is no guarantee that the house returns to

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Want a second home during COVID? These Zillow vets have invented a radically less expensive way to buy one

There’s an old truism about vacation homes: Nature wants them back.



Austin Allison wearing a suit and tie: Pacasso's co-founder Austin Allison


© Courtesy of Pacaso
Pacasso’s co-founder Austin Allison

Indeed between the maintenance, upkeep, taxes, hassle of finding short-term renters, and typically small number of days per year homeowners are actually in residence, vacation homes are generally a great way to make memories—and a poor way to invest your money.

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Now two veterans of Zillow have a new spin on second homes—they want to pair you up with likeminded buyers to own just the amount of the house you’ll actually use. Their company, called Pacaso (pronounced like the painter), launched this week. Pacaso’s chairman is Zillow cofounder and former CEO Spencer Rascoff; its CEO is Dotloop founder and former Zillow executive Austin Allison. The company says it has raised $17 million in Series A funding, from investors including Maveron, Crosscut, Global Founders Capital, Howard Schultz, and other Zillow

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A Good Time To Buy iShares U.S. Home Construction ETF (BATS:ITB)

The iShares U.S. Home Construction ETF (ITB) is on fire, up over 30% year to date. This is much more than a short-term move driven by speculation – the rally in ITB is built on solid fundamentals, and the ETF looks well-positioned for sustained gains going forward.

The Fundamentals Look Strong

Before we try to understand the current situation in the housing market, it is important to understand where we are coming from. After the housing bubble exploded in 2008, housing starts have been well below average during the past decade.

ChartData by YCharts

Markets generally work like a rubber band, and excess in one direction can lead to subsequent excesses in the opposite direction. It is not just that new supply has been below average for a long time, but demand is also set to explode higher due to the millennial generation entering their prime home-ownership age.

Source: Ned

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Is the Fall a Good Time to Buy a House? This Year, Things Have Changed.

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for sale sign


Dreamstime

Coronavirus sent the U.S. housing market for a spin this summer as demand outstripped supply—and the highly competitive environment appears to have continued into the fall.

“Normally, this last week of September is sort of a buyers’ sweet spot,”
Danielle Hale
, chief economist at Realtor.com, told Barron’s. In a typical year, September is when buyer demand decreases as home listings remain on the market, resulting in more options and less competition, she said.

But that was not the case this year. Homes spent an average of 54 days on the market nationally in September, 12 fewer days than the same month last year and three fewer than in August 2020, according to a Realtor.com study. That’s an unusual occurrence during a month when market activity normally begins to slow. This was the first year since at least 2016 when homes spent less

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How to Buy a Foreclosed Home

As home prices soar in many cities, buyers may look to foreclosures to land bargains on houses. Foreclosure happens when a borrower can no longer make mortgage payments, and the lender seizes and then sells the home to recover losses.

Foreclosed homes are often sold for less than their market value.

That discount could bring a home within reach, but the financing and the home’s condition could present challenges. Before you bid on a foreclosed home, make sure you know the risks and the limitations.

[Read: Best Mortgage Lenders.]

Is It a Good Idea to Buy a Foreclosed Home?

Buying a foreclosure can save you some cash, but it comes with risks. If you pursue a foreclosure, it helps to have a “stomach of steel,” says David Reiss, law professor and research director of the Center for Urban Business Entrepreneurship at Brooklyn Law School.

Expect a lot more ups

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Buy Zillow Stock, Analysts Say, Because the Home-Flipping Market Might Be Undervalued

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Jefferies analyst Brent Thill advised investors to be “opportunistic on a pullback in the shares” of Zillow.


Chris Goodney/Bloomberg


Zillow

shares hit a record high Thursday morning as a trio of analysts lifted their price targets for the online real-estate firm, amid a booming housing market in many parts of the country. In particular, they are bullish on the company’s increasing focus on buying, repairing and reselling houses—the so-called iBuyer market.

That market has attracted new attention after Zillow rival Opendoor announced plans to go public via a reverse merger into a SPAC, or special purpose acquisition company. The terms of the deal have spurred analysts and investors to reassess their views on Zillow’s growing role in that market—and they see an expanding business that might be undervalued.

Truist analyst Naved Khan repeated his Buy rating on Zillow shares (ticker: Z), upping his price target on the stock

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Should You Sell Your Home and Buy Another?

Putting money in your pocket only makes sense if you’re going to be able to hold on to those funds.

2020 is one for the record books. The unemployment rate hit record highs, while interest rates hit record lows. The stock market rose to record highs, while the hospitality industry struggled through record-low demand.

You might expect that the uncertainty and recession caused by the coronavirus pandemic would have spurred the worst year ever for the housing market. However, the combination of limited numbers of homes for sale and low mortgage rates have pushed home prices up. According to Redfin, the median four-week home sales price on Sept. 13 was up 13% from 2019. If home prices in your area have surged, you may be tempted to cash in. Before you call a realtor, make sure selling is the right thing to do.

When selling makes sense

It starts like

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Top Sex Toys for Men to Buy Today

With self-care reigning high during the lockdown, the conversation around sex toys for women has become more ‘normal’ than ever. Sex toys for men though, still remains a bit of a taboo, even though men shop for the majority of sex toys online! Fret not, as we uncover some of the best sex toys for men that are available in Singapore. 

A gift for that special someone (both for solo and couples play) or just a sex toy for yourself while you socially-distance at home, these are some of the best sex toys for men to buy.

Top Sex Toys for Men to Buy Today

Male Masturbators and Vibrators

Are you looking for the best male sex toy? Max 2 by Lovense is perhaps the most realistic male masturbator in the market and awesome for solo or couple’s play. Max by popular sex toy brand Lovense is a lifelike

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A CFP lays out 5 steps to take today to buy your first home

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

If you’re thinking about buying a home, there’s a lot to consider. The process of buying a home really starts well before you even start shopping for a house — there’s likely a lot of saving and preparation to do before you reach that point.

But, the sooner you start the process, the sooner you can buy.

Financial planner Riley Poppy of Ignite Financial Planning in Seattle, Washington says there are five steps to take now for anyone who’s considering buying a home. 

Consider the non-financial side of owning a home — is it something you’re ready for?

Buying a house is a big commitment — it’s so much more

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3 expenses people don’t consider when they buy a second home

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

As with any home, the costs of a second home don’t stop at the mortgage.

There are a lot of costs associated with owning a second home, and you’re responsible for anything that comes up. You’ve probably considered the costs of property taxes and HOA fees for your second home, and factored those things into your budget when deciding how much you can afford to spend on a second home.

But, there are some expenses you may not have thought of that will apply to your second home. Here are three expenses you should consider before making the leap to a second home. 

You may need to increase your life

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