What Do Homeowners Do With Their Equity?
Wednesday, June 20
One of the main arguments in favor of buying a home is equity. When you rent, you're sending your monthly payment to a landlord. As a buyer, your monthly mortgage payment is helping to build equity. Of course, many homeowners wait and then, following the sale of their house, use their accumulated...
Buyer Demand Remains High Despite Rising Prices
Monday, June 18
Home prices have been on the rise for a while now. But, in most cases, the jump in values was really just prices recovering the losses suffered following the financial crisis. After the housing crash, prices plummeted and, in the years following, they have rebounded. Now some markets have fully r...
Where Are The Fastest Growing Luxury Markets?
Friday, June 15
When shopping for a house to buy, it's hard not to fantasize about the homes just out of your price range. Regardless of what you plan to spend, it's fun to imagine buying a house even bigger, nicer, and more feature filled than the ones within your reach. And, with the Internet, it's easier than...
Cautious Buyers May Be Overestimating Costs
Wednesday, June 13
Affordability is the top concern for potential home buyers entering the summer season. That's not a surprise. With prices and mortgage rates up, it's natural that Americans who are hoping to buy might be leery when seeing news of rising housing costs. But, though affordability conditions are chal...
One Way New Homeowners Can Save Money
Monday, June 11
There are a lot of things you need to set money aside for when you're getting ready to buy a house. You have to have money for a down payment, closing costs, and moving expenses but you also need to consider how much you'll need for any future home maintenance. Buying a home means you're on the h...
How Does School Quality Affect Home Prices?
Friday, June 08
There are a lot of neighborhood attributes that can affect the value of a particular house. For example, a house with a view of the water may fetch a higher price than a similar house without the view. But among neighborhood amenities, owning a home near quality schools is among the most commonly...