Older Home Buyers More Likely to Pick and Choose, Experts Say
(MCT)—When you’ve already bought one or two homes in the past, you might know exactly what you want in your next one. On top of that, you’ll probably want a home that’s move-in ready. The location...
View ArticleFixer-Upper Issues That Can Ruin a Mortgage Deal
By Scott Sheldon – So you’re buying a fixer-upper? The house looks good, needs some work and is in a desirable neighborhood. But what might seem like a great fixer-upper property could actually be a...
View ArticleSelling a Hoarder’s Apartment
JAMPACKED The Harlem mansion of Langley and Homer Collyer in New York City brought hoarding to public attention in 1947. These days hoarding, the topic of TV shows and support groups, is a recognized...
View Article10 Things Today’s Buyers Look for in a Home
While David Letterman’s Top 10 lists generally culminate in a No. 1 ranking, the following list includes in no particular order 10 things that are important to buyers today, especially Millennials who...
View ArticleMortgages: The Pre-emptive Rate Lock
Fixed mortgage rates inched upward as the federal budget deadline loomed. Now that the budget stalemate is over, however, borrowers getting ready to apply for home loans shouldn’t wait around for the...
View ArticleNo Vacancies
Mayor Michael Bloomberg said on the radio on Friday that New Yorkers are lucky to live in a city where apartments are so hard to find. “Somebody said that there’s not enough housing,” he said. “That’s...
View ArticleExisting Home Sales Fall, Price Appreciation Slows
WASHINGTON — U.S. home resales fell in September and prices rose at their slowest pace in five months, the latest signs higher mortgage rates were taking some edge off the housing market recovery. The...
View ArticleReal Estate Q&A: Furnishing Buyer Information to Condominium Boards
Furnishing Condo Buyer Information Q. A recent article in The New York Times (“Hurdles for Condo Buyers,” by Lisa Prevost, Oct. 3) noted that some condominium boards use the right of first refusal to...
View ArticleDetroit, Santa Barbara and Reno Lead Turnaround
Detroit, Santa Barbara, Calif. and Reno, Nev. markets are currently leading the nation in recovery according to realtor.com®’s third quarter ranking of America’s top turnaround markets. The median age...
View ArticleU.S. Homeownership Rate Still Stuck in the ’90s
By Lucia Mutikani – Homeownership in the United States held near 18-year lows in the third quarter, suggesting that the housing market was still struggling to overcome challenges brought on by the...
View ArticleHeightened Market Conditions Fuel More Multiple Offers and Higher Selling Price
More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF...
View ArticleHousing Market’s Slow Season: Time to Ice That Home Purchase?
Is the housing market still seasonal? The market has been so up and down recently that the answer can depend on whom you ask, and the market that you’re talking about. But, historically, residential...
View ArticleFannie and Freddie’s Mortgage Size Limits Won’t Drop in 2014
By Margaret Chadbourn – WASHINGTON — The maximum size of U.S. home loans that taxpayer-owned Fannie Mae and Freddie Mac can buy will hold steady next year, their regulator said on Tuesday, deferring...
View ArticleU.S. Homebuilder Confidence Surges in December
By ALEX VEIGA – U.S. homebuilders’ confidence bounced back strongly this month, a sign that construction and industry hiring may pick up in coming months. The National Association of Home...
View ArticleThe Housing Market in 2013 and What to Expect Next Year
Throughout the year, the US housing market has been making a strong recovery, with increases in house values, demand for homes and the building of new properties. Data collected for 2013 has now...
View ArticleValues Appreciate: Healthy Markets Focus on West, Midwest
In October, the five healthiest markets were San Jose (Market Health Index of 9), San Francisco (8.9), Los Angeles (8.6), San Diego (8.4) and Denver (8.1), among the country’s top 30 largest metro...
View ArticleReal Estate Industry Wary ahead of New Mortgage Rules
(MCT)—Real estate officials are bracing for new federal mortgage rules intended to press lenders to ensure that prospective borrowers are able to repay home loans. Starting Jan. 10, lenders will be...
View ArticleNew Mortgage Rules Take Effect: Housing Sector Braces for Headaches
By Emily Stephenson and Margaret Chadbourn – U.S. banks and housing groups are bracing for paperwork headaches and delays as major post-crisis mortgage reforms take effect later this week, but...
View ArticleExisting Home Sales Jump a Bit in December
Gene J. Puskar/AP – WASHINGTON — U.S. home resales rose slightly in December after three monthly falls in a row, as record low mortgage interest rates and pent-up demand continue to sustain a...
View ArticleMore Americans Apply for Home Mortgages
By Luciana Lopez NEW YORK — Applications for U.S. home mortgages rose in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of...
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