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The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...

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Income of $125,000 needed to buy San Francisco home (access required)

The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...

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Seniors healthier when they own home (access required)

A new study has revealed that seniors who own their homes are much more likely to enjoy good health and a generally good life during their senior years than those who rent their residences. The study was sponsored by the ...

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2014 housing market looks ‘good’, but lending may tighten (access required)

2014 housing market looks ‘good’, but lending may tighten <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

CHARLOTTE – The year ahead will be “good, not great” for the housing market, with an anticipated 5 percent growth in housing sales from 2013, according to forecast Freddie Mac’s Chief Economist Frank Nofthat delivered to an audience of real ...

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Guardrail shields homeowners’ lake view (access required)

Earlier this year we built our retirement home in a newer community which has a small lake as its focal point. A few months after we moved in, the homeowners association said the contractor had to install a guardrail on the lake side of the access road.We feel we were deceived as the guardrail blocks the view of the lake from our patio, which was a big selling point.

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