3 Questions every buyer should ask themselves

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Answering the following 3 questions … [Read more...]

Whether you buy or Rent, you are paying a mortgage

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either yours or your landlord’s. As The Joint Center for … [Read more...]

Steady Rent Payments Invisible to Lender

In credit circles they’re called “invisibles”—50 million people in the United States who have trouble getting a mortgage because they have little or no credit data on file. These invisibles often include people who’ve been responsible over many years for paying their rent, utility, and … [Read more...]

Is Summer Truly Housing’s Hottest Season?

The spring is traditionally real estate’s busiest time of year. But one real estate economist believes that this summer may trump the spring as the most robust time of buying or selling a home for 2016. “From a buyer’s perspective you have more choice, but you’re also competing against … [Read more...]

Diplomas More Important Than Debt?

Young adults without a college diploma may face the greatest hurdles to owning a home, suggests new research based on a survey of 31,000 respondents. College graduates between 18 and 34 without student loan debt will need just over five years of additional savings to afford a 20 percent down … [Read more...]

How Long It Takes to Save for a Down Payment

Renters in some cities may face a long road toward home ownership. Faced with high rents, some may even have to wait a few decades before they'll be able to save enough for a down payment – that is, if they keep saving at the same rate, finds a new survey by Apartment List. Read more: 5 … [Read more...]

4 Must-Know Tips for Buying, Selling in 2016

What do buyers and sellers need to know to be smart about the housing market in 2016? “The 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory and fierce competition between buyers,” says Jonathan Smoke, chief … [Read more...]

Family Wealth Grows as Home Equity Builds

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house. A recent study by the Joint Center of Housing Studies at Harvard … [Read more...]

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy a home in today’s … [Read more...]

Two Common Mortgage Delays

A last-minute problem with financing can quickly delay a closing on a home sale. Here are two of the most common financing problems that can surface: Failure to disclose key financial information. One of the biggest reasons for a financial issue is the failure of the buyer to disclose key … [Read more...]