In 2002, more than 6.5 million existing and newly constructed homes were sold, a new record. Although sales of new and existing homes are breaking records, sales of second homes are increasing faster than sales of primary residences. Sales of investment or vacation homes have increased by 25 percent over the last five years to $50 billion per year and are projected to grow to $150 billion by 2005.
Today's technology can make your house seem like the Jetsons -- for a price.
Sometimes the worst can happen, and a closing will fall through. It could be the documents, the money, or even a disaster that destroys the house. Find out what could go wrong in a closing, and how to handle the unexpected.
When should a homeowner refinance to take advantage of low interest rates? What is a punch list for a new construction home? WGN's Money Saving Expert Ilyce Glink answers real estate questions from the Mailbag.
