Home price appreciation is finally showing signs of slowing down after accelerating massively over the last two years.

A report from CoreLogic this week shows that home prices rose by 20.2% in May, compared with the same month last year. While that’s still pretty rapid growth, CoreLogic said an analysis of the data shows there are reasons to think home price acceleration is about to slow down, and it’s forecasting appreciation to dip to just 5% by this time next year.

According to the report, recent increases in mortgage interest rates have contributed to a slowdown in home price appreciation.

CoreLogic’s report states that mortgage rates sat at 5.81% as of June 23, according to Freddie Mac’s PMMS mortgage survey. Back in January, mortgage rates were hovering at just 3.22%. CoreLogic said the increase in mortgage rates have only added to growing affordability problems, with more buyers being priced out of the market. As a result, it expects buyer demand to lessen and put the brakes on home price growth.

Selma Hepp, deputy chief economist at CoreLogic, described the coming cooldown as a welcome “recalibration” of the market that will restore balance between buyers and sellers.

Many perceptive investors know that turn key rentals can bring in a reliable, low-risk, and highly rewarding passive income. What you want from a professionally managed rental property is strong passive income from reliable tenants who maintain the house and the landscaping. Tenants that stay put even when you raise the rent. Dependable monthly rent checks that show up on time every month.

However, every investment comes with some risk. A turnkey rental doesn’t become passive until you’ve done the original due diligence to put all of the right pieces in place. Before you leap, be sure you consider and resolve any potential mistakes that might be made.

1. Choosing the wrong turn key property provider. Anyone can post an online advertisement claiming to have turn key rentals for sale. Always do your due diligence on both the house and the business you are purchasing from. Create a list of qualifications they have to meet. Generally, these people have bought and rehabbed damaged or outdated houses. You want to know that the rehab was done correctly, with the required permits, and by quality contractors. You want this information specific to the property that you are investing in as well as past houses they have rehabbed and sold to other investors. Check out their reputation and how long they have been in business.

2. After you select a turn key seller, ask detailed questions. Know all of the terms that you will be agreeing to. Know the exact people you’ll buy the property from. Verify the rental income on previous houses they have sold. Verify the quality of the tenants. Ask questions until you don’t have any unanswered questions.

3. Research the property management side of the business. Understand the policy for dealing with problem tenants and evictions. The same applies to their policies for repairs and maintenance. You will be the legal owner of the property. Everything the management company does is being done in your name.

Unrelenting demand from foreign investors has drained the Spanish island’s inventory, spurring the government to take cooling measures.

Unrelenting demand from foreign investors has drained the Spanish island’s inventory, spurring the government to take cooling measures.

A Spanish-style house in Oakwood, a 1764 Colonial in Lyme and a three-bedroom rowhouse in Washington.

The 50-mile Shawangunk Ridge is just one reason New Yorkers are flocking to this Ulster County town, which is also prized for its wide-open spaces.

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The 50-mile Shawangunk Ridge is just one of the reasons New Yorkers are flocking to this Ulster County town, which is also prized for its wide-open spaces.

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Even with excellent credit and a good handle on their debt, when it comes to buying a home, especially the first one, homebuyers need a lot of additional help.

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Parent company Redwood Trust closes deal to acquire Portland, Oregon-based bridge loan provider Riverbend Funding LLC.

The residential market continued going strong but showed signs of reaching a tipping point, according to data released by New York City brokerages.

Cynthia Keskinkaya brought in over $50 million in sales in the last 12 months and brokered almost a half-billion dollars in sales volume over the course of her real estate career.

When owning multifamily properties in multiple markets, there is a gap that must be bridged between owners and those serving their interests. While technology makes this easier, it is no substitute for personal attention and effective communication.

Some short-term rental investors saw the power shift from hosts to guests while others feared Airbnb’s major update took away their competitive advantage.

It’s no secret that North Carolina can be a great place to live, work, and enjoy life. Around 360,000 people are moving there every year, and it’s not hard to see why. Here are the top five reasons people are relocating to this state:

Perfect for Outdoor Lifestyles

North Carolina is a state with many different types of terrain, from the Appalachian Mountains in the west to the Outer Banks on the coast. This variety provides opportunities for people with all types of outdoor interests, from hiking and camping to fishing and surfing. The state also has a mild climate, which makes it ideal for year-round outdoor activities. North Carolina is home to dozens of state parks and other natural areas, providing ample opportunities for people who love spending time in nature.

Excellent Education

North Carolina has long been known for its commitment to education. The state has consistently ranked near the top in measures of student achievement, and its schools have been recognized for their excellence by a variety of national organizations.

In recent years, North Carolina has also been a leader in adopting innovative educational practices, such as early college programs and digital learning initiatives. As a result, North Carolina schools are preparing students for the future and giving them the skills they need to succeed in college and careers. 

Great Neighborhoods

North Carolina real estate is rapidly expanding. There are plenty of neighborhoods in Durham, Raleigh, Charlotte, and other cities that offer great amenities and high quality of life. Many of these neighborhoods are close to schools, shopping, and dining, making them ideal for families. With the state’s expanding job market, there are plenty of opportunities for people who want to live in North Carolina’s vibrant communities.