One indication of an improving housing market is the dwindling number of underwater homes. Reports from several organizations now show a strong improvement in this area, which was formerly a major issue for many homeowners. “The majority of homeowners have ...Read More »
It’s commonly known that most people want to own their residence, and are willing to make major sacrifices to attain that goal. One organization has researched the key reasons for the desire for home ownership. “The top reasons Americans say ...Read More »
Homebuilders and designers are becoming increasingly aware of the importance of pets when designing new homes. For some buyers, selecting a home with special accommodations for their pet is a very high priority. “From designing homes with amenities including ‘smart’ ...Read More »
Costs for renting or owning a home are increasing. For example, property taxes have increased $13 billion – or by nearly 3 percent – over the past year, according to a new analysis by the National Association of Home Builders. ...Read More »
A recent study by RealtyTrac reveals the best times to buy a home and close a sale transaction. The study found the best month to close on the purchase of a home is October. “Out of 2.7 million single-family home ...Read More »
Many prospective homebuyers have been waiting for the ideal economic situation to take action. When the Federal Reserve voted on Sept.17 to keep interest rates unchanged amid concerns over the global economy and financial market volatility, those buyers thought this ...
Tagged with: Federal ReserveRead More »
The profile of today’s homebuyer is changing and reveals some surprises. Current first-time homebuyers are older and more likely to be single than first-time homebuyers in the 1970s and 1980s, according to a new Zillow analysis. The study found that ...Read More »
An increasing number of analysts are reporting a notable rise in home prices. This is seriously affecting the affordability of housing, despite the continuing low rates of mortgages. Sixty-three percent of new and existing homes sold between the beginning of ...
Tagged with: mortgage ratesRead More »
Mortgage qualification requirements are easing, making them more available for homebuyers and owners who want to refinance their existing loans, according to several sources. One such source recently announced that mortgage credit availability increased in July, according to the Mortgage ...
Tagged with: WoodardRead More »