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A New Home Shortage Is Looming
Friday, May 4, 2018 - 11:11am | 648Are you ready to enter the home-buying market? Recent statistics suggest that you will need superior planning, plenty of cash, and more than a little luck. According to the National Association of Realtors (NAR), the inventory of available homes (new and existing) fell to 1.48 million at the end...
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More Than Half Of Homeowners Plan Spending On Home Renovations In 2018
Friday, April 27, 2018 - 11:19am | 756Are you ready to tackle a home improvement project this year? If so, you have plenty of company. According to the latest LightStream Home Improvement Survey, 58% of Americans are ready to pour money into home improvement projects in 2018. The percentage of homeowners planning projects is close to...
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Houses Are Selling For More Than Asking Price
Thursday, April 26, 2018 - 11:16am | 659Did you sell your home last year? If so, there's a decent chance that you did well on the exchange. According to a recent release from Zillow Research, 24.1% of homes that sold in 2017 yielded more than the list price – up from 17.8% in 2017. In some competitive markets like San Jose and...
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Renters Need Good Credit Scores, Too
Friday, April 20, 2018 - 11:12am | 751Your credit score may not be good enough to allow you to qualify for a home at a reasonable interest rate, but can a less-than-stellar credit score also keep you from finding a good place to rent? "Credit scores aren't just about mortgages," says Rod Griffin, Director of Public...
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4 Ways To Play The Q2 Housing Recovery
Tuesday, April 10, 2018 - 11:03am | 1141The housing sector had fallen out of favor in the first quarter of 2018 with high prices, rising rents and interest rates doing the damage. However, a rebound is now palpable, with millennials contributing to most of the sector's gains. There has been an increasing shift in the population group...
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Is Adding A Home Warranty To Your Homeowners Insurance Worth It?
Monday, January 22, 2018 - 11:57am | 1189You sign the papers, hand over that down payment you've saved up and finally receive the keys to your new home. Now you can relax and enjoy homeownership. But two months later your air conditioner dies, and it'll cost thousands to fix. Should you have purchased a home warranty? What is a...
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Do Rising Mortgage Rates Affect Buying Power?
Friday, December 29, 2017 - 1:40pm | 1096Charisse Price had been mulling over buying her first home since the summer of 2016, but at the time the 34-year-old didn't feel particularly pressed about moving forward. Instead, she bought a long-desired luxury car and spent the ensuing months focused on replenishing her savings. As home...
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Homeowners' Mobility At 30-Year Low
Wednesday, November 22, 2017 - 12:39pm | 775Should I stay or should I go? With apologies to The Clash, that's the question many homeowners are asking themselves. Does it make more sense to renovate your current home, or should you look for a home that is a better fit for your current needs? Data from the National Association of Realtors...
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4 Top Myths Surrounding VA Loans
Wednesday, November 8, 2017 - 1:26pm | 797Home sellers and their agents may be limiting their potential base of buyers by ignoring a growing pool of them. Inside Mortgage Finance recently noted that loans acquired through the Veterans Affairs (VA) Department are rapidly increasing, reaching a holding level of one-quarter of primary...
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An Introduction To VA Loans via Moneytips
Tuesday, November 7, 2017 - 1:18pm | 793Veteran's Administration (VA) loans are invaluable for homebuyers. Their advantages include little or no money down, qualifying with a lower credit score, competitive interest rates, potentially lower closing and auxiliary costs, and no private mortgage insurance requirements. VA loans are...
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Homeowners Still Not In-Line With Reality Of Home Values
Tuesday, March 8, 2016 - 2:42pm | 463The most recent study by Quicken Loans Inc. of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values widened in February for the first time in six months. While home values have generally increased since 2011, homeowners’...
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Homeowners Slightly More Realistic About Home Values In October
Wednesday, November 11, 2015 - 1:19pm | 494The latest data from Quicken shows that homeowners were slightly more realistic about home value estimates in October. Homeowners’ estimates of home values came in 2.0 percent above appraiser estimates in October, a slight month-over-month decline. U.S. housing prices in the West continue to...
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Why Are Baby Boomers Increasingly Attracted To Reverse Mortgages?
Tuesday, March 18, 2014 - 11:37am | 673U.S. baby boomers have found themselves in a bit of a squeeze. Not enough savings to fund retirement, but a desire to slow down and either work less -- or not at all. The answer, for an increasing number of boomers, is a vehicle known as a reverse mortgage. This trend is predicated on the...
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Does Homeownership Make Older Americans More Financially Secure?
Monday, November 25, 2013 - 5:27pm | 512Home is not just where the heart is; a study says it's also a stronghold of financial security for many older Americans. A new report by the Research Institute for Housing America (RIHA) – an organization sponsored by the Mortgage Bankers Association – said that, of the more than 47 million “...
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Skip the Realtor--Sell it Yourself
Thursday, December 17, 2009 - 3:14pm | 195The housing market is still quite depleted, as reflected in a disappointing drop in the NAHB/Wells Fargo Housing Market Index (HMI) caused by declining consumer confidence from both buyers and sellers. In order to save money and hopefully cut losses, many home owners are avoiding realtors and are...