There are many potential homebuyers, and even sellers, who believe that you need at least a 20% down payment in order to buy a home, or move on to their next home. Time after time, we have dispelled this myth by showing that there are many loan programs that allow you to put down as… Read More Have You Put Aside Enough For Closing Costs?
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to… Read More Buying Is 36% Cheaper Than Renting
Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before: “With last month’s decline, the index reading is still the third highest in the past year,… Read More Is This The Perfect Time To Sell Your Home… Or Not?
Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices… Read More Reasons You Need To Buy A House This Summer!
We have reported many times that the American Dream of home ownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities. Eric Belsky is the Managing Director of the Joint Center of Housing Studies (JCHS) at Harvard University. He authored a paper on homeownership titled – The… Read More Harvard: 5 Reasons Why Owning A Home Makes Sense Financially
Replace you plain ceiling light with a lamp shade. Hide Your TV wires with a shower curtain rod. Dress up your windows with crown molding. Add mirrors to doors and paint trim to match. This will add a face-lift to a boring closet. Or leave trim off of mirrors for bi-fold closet doors. Use simple hardware… Read More Easy DIYs To Upgrade Your Home This Summer
Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market. CoreLogic, in their most recent National Foreclosure… Read More Foreclosures Are Becoming A Thing Of The Past
The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many… Read More Mortgage Rates Remain At All Time Low
“You’re a new homeowner — congrats! The hardest part is over, for sure. Saying so long to most of your savings isn’t easy, after all. But the money hemorrhage isn’t finished just yet. There are several under-the-radar and often overlooked fees and expenses that accompany home ownership that a newbie like you might miss. Keep… Read More 10 Hidden Housing Costs Home Owners May Not Think Of.
Jennifer Lopez may still be Jenny From the Block, but if her Hidden Hills estate that’s currently up for sale isn’t a marker of mega-superstar status, then we don’t know what is. The house was originally listed last year for $17 million and has been on and off the market since, according to TopTenRealEstateDeals. The… Read More Jennifer Lopez’s Luxury House In The Hills