Recent studies have shown that most people start their search for a new home by accessing sites on the Internet, in addition to handling many financial affairs online. However, a growing proportion of online users have become very skeptical about privacy issues related to their online use.Read More »
One of the most overpriced closing costs when buying or selling a home is now getting more expensive. Homebuyers and sellers have long complained about the exorbitant cost of title insurance coverage when computer technology has substantially simplified and sped up the property searching process.
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More consumers are opting to live alone, with single buyers making up a quarter of all home purchases, according to the National Association of Realtors. In the U.S., there are 33 million one-person households, and living solo is becoming an international trend.Read More »
Arranging for a new mortgage loan, to finance the purchase of a home or to refinance an existing loan, is very different today from the process used a few months or years ago. Even applicants with exceptionally good credit should expect extensive scrutiny when applying for a mortgage today, The New York Times reports.
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Home sellers are becoming increasingly worried about rising interest rates and their impact on home-buying demand, according to a new Redfin survey of nearly 1,500 home owners across the country. Forty-seven percent of survey respondents said they are concerned that ...Read More »
When I started writing this real estate column in June 1971, the average mortgage rate was 7.53 percent, according to Freddie Mac. The median home price was $26,100. Today, the trend is definitely upward, with occasional short-term dips to remind us of the market's volatility.Read More »
An unprecedentedly high proportion of home sales involve all-cash transactions in today's market. According to a National Association of Realtors' report, all-cash offers account for 33 percent of home sales, with international and investor buyers taking the lead.
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