How Long Does it Take to Build a House?
According to the 2015 Survey of Construction from the Census Bureau, the average completion time of a single-family home is around seven months. It’s important to note that factors, such…
Breaking News: FHA Lowers Annual Mortgage Insurance Premiums
In a move that will make home loans more affordable, the Federal Housing Administration (FHA) announced today that it will reduce the annual premiums most of its borrowers pay on…
Homeownership Less Costly Than Renting in Two-Thirds of Housing Markets
Buying a home is more cost-effective than renting in two-thirds of the nation’s housing market, according to the 2017 Rental Affordability Report issued by ATTOM Data Solutions. In a data…
Getting A Mortgage When You Have No Credit
First-time home buyers face challenges that more experienced home buyers do not. For example, a first-time home buyer may not be able to show the same stable work history that…
Why We Need More Newly Constructed Homes
The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed…
More single women are buying homes, says new report
The relationship status of homebuyers is shifting. In 1985, 81 percent of homebuyers were married couples. Today, that figure is closer to 66 percent, even though the number of unmarried…
Whether You Rent or Buy: Either Way You’re Paying a Mortgage
There are some renters who have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living…
The Impact Your Interest Rate Has on Your Buying Power
Some Highlights: Your monthly housing cost is directly tied to the price of the home you purchase and the interest rate you secure for your mortgage. Over the last 30…
The Federal Reserve has decided to raise mortgage interest rates
Fed Hikes Mortgage Interest Rate, Projects More Increases In 2017 The Federal Reserve raised the Fed Funds Rate at its December 2016 meeting. Adjourning from a 2-day session, the nation’s…
Qualifying For A Mortgage After Bankruptcy
Bankruptcy Is Not The End For most people, the idea of filing for bankruptcy can be scary. The term “going bankrupt” just sounds frightening. For those considering bankruptcy, many questions…