Home Buying News
News on Home Buying continually updated from thousands of sources around the net.
4 hrs ago | CNN
Many Canadians and Europeans love flying south for the winter and staying in those beautiful, warm locales that their home country simply can't offer. While some are content simply taking a vacation and renting properties, a growing number are actually looking to buy.
8 hrs ago | MarketWatch
Millennials aren't in a rush to buy their own homes. Heck, many of them aren't in a rush to move out of their parents' houses.
12 hrs ago | Lifehacker
Financial independence is a fancy phrase that essentially boils down to "Money doesn't rule my life." While some might interpret that as being rich, it can also be as simple as living within the means that could allow you to take any job.
15 hrs ago | Business Journal
Two of every five homebuyers in Florida are likely to spend more than budgeted when purchasing a house that's a standout. While 54 percent of Floridians who say they are likely to buy a house in the next five years will set a fixed budget for how much they can spend on that home, 41 percent would go over that planned price if they found a house they really liked.
16 hrs ago | Silicon Alley Insider
Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co Nearly two-thirds of respondents thought that a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price to buy a home. Under government-backed programs, first-time home buyers with subprime credit scores can get a mortgage insured by the Federal Housing Administration, and they can put down as little as 3.5 percent of the purchase price.
And right now, it's a buyer's market; interest rates are still low, hitting , 68% of millennials are in the market for a home priced at $200,000 or lower. However, home buying is not for everyone.
Question: I'm hoping to buy a home soon, but I know my credit score needs work. What are steps should I take to improve my creditworthiness? Answer: Taking steps to increase your credit score before buying a home is not only a smart thing to do; it's also a way to save thousands and thousands of dollars.
There are two main deciding factors for house hunters - money and time. Money is easily decided for a purchaser: you bid what you can afford and hope no one else outbids you.
Did you think that when you stopped renting and started owning, you'd finally get your deposit back for good? Think again. When you buy a house with a down payment of less than 20%, your lender may require you to make a deposit on your homeowners insurance , private mortgage insurance, any required additional insurance and your property taxes .
Cullman County area residential sales totaled 74 units in August, an improvement in sales growth of 8.8 percent from the same period a year earlier and 4 units above our monthly forecast . In comparison, Cullman County's best August on record for sales was in 2006 when 88 transactions were closed.
Those who are sole proprietors do not need to be reminded that they face an uphill battle when it comes to meeting government regulations, wading through red tape and paying taxes. It is no different when it comes time to secure a mortgage to buy a home.
Price? Check. Number of rooms? Got it. Location? Think so. When you are shopping for a home, there are so many things to consider that it can be hard to keep track of them all.
Before you buy a home, one of the things you should do is to have the home checked out by a professional home inspector. Buying a home is expensive enough as it is - why would you choose to fork over another $400 if you're not required to? In this article, we'll delve into what a home inspection can reveal and why you shouldn't forgo this optional procedure.
For many people, the hardest part of buying a home - especially the first one - is saving the necessary down payment. Canada Mortgage and Housing Corporation's mortgage loan insurance can help homebuyers meet their housing needs by enabling qualified buyers to finance up to 95% of the purchase price of a home.
Results from an online survey suggest many of Fairfield's residents are unhappy with the housing options available to them in the city. The Fairfield Economic Development Association and city housing task force sponsored the survey, which attracted 414 responses.
Frank and I were walking to Kensington Caf on a recent Sunday morning, talking about the housing market and our own views of what it means to "own" a home. That meaning has changed for me over the decades, and it was no different for Frank.
Updated: Mon Sep 15, 2014 05:51 pm
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