Whether you’re looking to buy a home or refinance a home loan in 2019, forecasting where the housing market will go in the new year can be difficult. When is the best time to buy? Should you stay in your current home and refinance to a lower rate?
Home Purchase Articles
A mass exodus of Baby Boomers from homeownership is projected to happen during the next 15 years or so. Whether leaving for rentals, senior care facilities, dying or downsizing to a smaller home, many more older homeowners are expected to leave their empty nests and sell their homes.
Buying a home might be more expensive in 2019. Mortgage interest rates are expected to rise throughout the coming months, making it more expensive to take out all mortgage types. The same is true of home prices. Will you still be able to afford the home of your dreams in the coming year?
More homeowners are staying in their homes longer than ever before, locked in to historically low mortgage rates that may be financially imprisoning homeowners who can’t afford to move up to another home despite rising equity in their current home.
Do you need to pay for a residential real estate attorney to help you through the home-buying and mortgage processes? That depends on how confident you are that title issues, paperwork mistakes and uncooperative sellers won't derail your closing.
Fewer international buyers are purchasing homes in the United States, a turnaround from a surge in 2017 that could affect home sellers, real estate agents, mortgage lenders and others who deal with the housing market.
Cities are popular today, with a growing number of people targeting condominiums and single-family homes located in dense, urban areas. These buyers want to live within walking distance of restaurants, public transportation and stores.
If high housing prices are keeping you from buying a home, consider that Millennials spend almost $100,000 on rent by the time they’re 30.
Is a starter home necessary today? Maybe not, but that doesn’t mean starting small when buying your first home isn’t a good idea. Is skipping the starter home the right strategy for today?
Remember when real estate professionals worried that Millennials weren't buying enough homes? Those days are over, with young adults from the ages of 18 to 35 buying more homes than any other generation according to the latest research from the National Association of Realtors.
If you're looking to buy a fixer-upper home and renovate it, you might be considering Fannie Mae's HomeStyle Renovation program. The program, like similar products offered by private lenders and with FHA loans, allow you to include both the costs of buying a home and those needed to renovate it all in one loan product.