“New-home size falls prior to and during a recession as homebuyers tighten budgets, and then sizes rise as high-end homebuyers return to the housing market in relatively greater proportions.” Robert Dietz, NAFIB chief economist TOP STORY: The All Important Appraisal Remember the old expression about buying a pig in a poke? For the uninitiated, it … Read more
After softening for much of 2018, the housing market remains stable after a boost from lower mortgage rates and slowing home price growth. FreddieMac.com TOP STORY: Understanding Mortgage Interest Rates It has been years since it seemed necessary to think much about interest rates. There has been the once-a-month ritual of watching and worrying over … Read more
Throughout 2018, 28-31% of non-owners…… said an improvement in their financial situation would be the top reason that would encourage them to buy a home in the future. 26-30% of non-owners said a change in lifestyle-such as getting married, starting a family or retiring-would be the primary reason they would make a future home purchase. … Read more
“Look at rising mortgage – rates to play an even greater part in affordability, slowing the market for sellers and impacting buyers. Home prices are still expected to rise, though at a much slower rate than we’ve become accustomed to. Realtor.com forecasts home prices to increase by 2.2% nationally.” Forbes.com TOP STORY: “Once Upon a … Read more
If a word cloud were to arise out of the average house closing, the biggest words (after “sign here and initial there”) would probably be MORTGAGE, followed maybe by APR. But ranking right up there in big capital letters as well, would be INSURANCE.
Country Mouse or City Mouse? In early America those were the choices; life in a rural community where people either worked as farmers or in the occupations sustaining them or a home in the city, usually built around industry or commerce, where there were more varied employment opportunities.
Maybe you had every intention of finally buying a home. But lost in those lazy, hazy days was what is supposed to be prime home buying and selling season.
A roof over your head. That pretty much concludes any discussion of similarities between buying and owning a condominium versus a single family house. The legal structure, rights of ownership, utility, availability, responsibilities of ownership, and even the smart way to purchase one is quite different from the other. So, in this issue, we present your condominium primer.
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