Following the housing bubble burst in 2007, when home values fell by 60 percent or more in some areas, approximately 23 percent of homeowners owed more on their mortgages than their houses were worth by the end of the third quarter of 2009. The lack of equity froze these homeowners in place for years, leaving [...]
Do your dreams include a vacation home of your own in your favorite resort? Are you daydreaming about a place where you can vacation on your family’s terms and create memories that your children will always remember? This could be the perfect time to turn that dream into reality. Resort areas were hit hard by [...]
If you are looking to buy a home, you may have heard your real estate agent mention the home warranty as a selling point. Contrary to the name, home warranties don’t cover the actual structure of the house. Instead, a home warranty will help defray the costs if a major component in the house fails. [...]
Your retirement should be the happiest time of your life. At last, you have time for the things you love most: family, hobbies, travel, and volunteering. With proper planning, you can make sure that your retirement lives up to your expectations—and that may include selling your house and buying a home in a new area. [...]
Homeownership might feel out of reach, but you may be interested to learn that you can still find properties for around $100,000 across the country. Nationally, home prices have risen 4.9 percent year-over-year, according to the latest S&P/Case-Shiller Home Price Index. While home values are predicted to continue to rise in the months ahead—albeit more [...]
Buying a foreclosed home through an auction may get you a great deal on a house, but it may also come with some unusual complications--like the former owners still living inside. While the foreclosed owners do have to leave eventually, every new owner fears the worst: They may be tempted to do a little damage on [...]
In 2015, the U.S. housing market will take another step toward what might be considered “normal.” In fact, Rick Sharga, executive vice president of real estate marketplace Auction.com, says this year will be “a ‘status quo’ ‘kind of year,” bringing slow but steady growth and an uptick in housing construction in the form of new, [...]
Millions of American Millennials are dealing with significant student loan debt, but they are also eager to buy homes and start their adult lives. According to the Project on Student Loan Debt, about seven in 10 college seniors who graduated from public and private nonprofit colleges in 2015 had student loan debt, averaging $30,100. In [...]
As of 2014, there are approximately 10 million self-employed people in the United States. If you’re one of them and you’re in the market for a new home, you may face some extra hurdles during your home buying journey. While lenders are used to working with self-employed borrowers, buying a home when you’re self-employed requires [...]
