The Experts You Can Trust
Bankrate.com reports that the national average for mortgage closing cost in June this year dropped to 7.4% over the past year. Bankrate surveyed up to 10 mortgage servicers or lenders in each of the U.S. states for the good faith mortgage closing cost estimates for a $200,000 mortgage to buy a single-family home with a …
Mortgage Closing Costs Drop 7% — Bankrate Reports Read More »
The answer to this question is not as simple as looking at the monthly rents and comparing them to mortgage payments. According to Zillow Chief Economist Stan Humphries, other than looking at the monthly rents and mortgage payments, the following factors have to be considered before deciding whether to buy or to rent: time horizon …
The recent housing statistics of the Maryland Association of Realtors (MAR) reveal that Maryland’s average home price, median home price and home sales went up in June this year. According to MAR, the average Maryland’s home price in June 2012 was $317,659, a 6.7% increase from last year’s $297,813 average home price. Maryland’s median home …
According to Zillow‘s second quarter Real Estate Market Report, home values in the U.S. have reached a bottom. The Zillow report shows that U.S. home values increased by 0.2% year-over-year to $149,300, the first time since 2007 that this happened – five years after the U.S. housing bubble burst. Home values have also increased for …
Over three million older Americans are at risk of losing their homes through foreclosure, this according to the study “Nightmare on Main Street: Older Americans and the Mortgage Market Crisis” conducted by the AARP Public Policy Institute. The AARP Public Policy Institute study measures the progression of the mortgage crisis and its effect on older …
Millions of Older Americans at Risk of Losing their Homes to Foreclosure Read More »