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.
Home Purchase Articles
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.
Worried that housing prices are rising too high too quickly? Fretting that this could lead to another housing bubble, one that if it pops could send the country into the same kind of housing crisis and recession it saw back in 2007 and 2008?
Tax reform has caused some homeowners to increase their budget for home renovations. But confusion over tax deductions on interest paid on a home equity line of credit or home improvement loan has some seeking other ways to pay for the projects.
Empty nesters whose children have left home for the first time to go to college or live on their own may feel more than grief or loneliness. They may want to downsize and move to a condo or smaller house.
Searching for a home has changed during the last 10 years. No longer do house hunters wait for their real estate agents to provide them with information on homes for sale in their neighborhoods. Instead, they turn to real estate apps to research everything from mortgage rates to homes for sale to foreclosures in their communities.