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Why Investing In Rentals Could Be A Good Move
“For the first time in a long time, you can buy that home and can get a cash-on-cash return immediately,” said William King, director of valuation services for Veros Real Estate Solutions, a supplier of housing data to the country’s largest banks, as well as government organizations. “There are a lot of places in the Read More
Without Loan Giants, 30-Year Mortgage May Fade Away
How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac? The 30-year fixed-rate mortgage loan, the steady favorite of American borrowers since the 1950s, could become a luxury product, housing experts on both sides of the political aisle say. Interest rates would rise for most Read More
Getting a Mortgage Before the Door Shuts
If you have been sitting on the fence trying to decide whether to buy a new house or refinance a mortgage, you should act soon. New loans are starting to get costlier. The mortgage market is facing pressures from new laws and regulations, still-declining home prices and the ongoing need for government-owned mortgage players to Read More
Now May Be The Time To Buy A Home
If you’re into bottom-fishing, now may be the time to start trolling for real estate. At least that’s the advice of Michael Corbett, author of “Before You Buy: The Homebuyer’s Handbook for Today’s Market.” “I’m pretty comfortable saying that five years from now, people are going to be saying, ‘Damn, if I had just bought Read More
Existing Home Sales Jump 12%
Sales of existing homes jumped in December, marking the fifth month of gains in the past six months, based on an industry report released Thursday. Previously-owned home sales climbed 12.3% in December to an annual rate of 5.28 million, from 4.70 million in November, according to the National Association of Realtors. That puts sales at Read More
Real Estate: Finally a Good Investment?
The housing market still looks pretty bleak: There were a record one million foreclosures last year, home prices are still falling in many regions and the number of “underwater” properties is at a record high. And things don’t look much better in other areas of real estate. The number of construction jobs continues to decline, Read More
Now Is The Time To Sell, Real Estate Consultant Says
Sell now, avoid (some) regret later. That was Steve Harney’s advice recently to a roomful of real estate agents. Harney is a housing industry consultant who told the assembled agents of John Greene Realtor in Naperville, Ill., that they should tell clients who have been sitting on the fence about selling that the time is Read More
Another Big Gain in Existing-Home Sales as Buyers Respond to Tax Credit
Existing-home sales rose again in November as first-time buyers rushed to close sales before the original November 30 deadline for the recently extended and expanded tax credit, according to the National Association of Realtors. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 7.4% to a seasonally adjusted annual rate1 of 6.54 million Read More
Housing bust? So what? We Still Want To Own
The American Dream is still alive and kicking, including within immigrant and minority communities, according to a survey from mortgage giant Fannie Mae. The housing crisis hasn’t quenched the homeownership thirst, the company found. More than 51% of people said the bust did not change their willingness to buy a home and an additional 27% Read More
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