The Experts You Can Trust
After years of declining home prices and rising rents, it is now more affordable to buy a home than rent in all but two of the 100 largest metropolitan areas in the U.S., this according to the recent Rent vs. Buy Study conducted by Trulia. Even in the supposedly expensive real estate markets such as …
Home Buying is Cheaper than Renting in 98 U.S. Major Metros, Study Shows Read More »
Researchers from The Urban Institute, University of Southern California and National Association of Realtors (NAR) recently released their “Demographic Challenges and Opportunities for U.S. Housing Markets” report. The report which was submitted to the Bipartisan Policy Center as background for the Housing Commission shows that over the next 20 years, the aging baby boomer generation …
Aging Baby Boomers and their Echo Boomer Children to Impact U.S. Housing Market Read More »
Each year, the National Association of Realtors (NAR) surveys home sellers and home buyers about their selling and buying experiences. Here are the highlights of NAR’s 2011 Home Buyers Profile: Thirty-seven percent of recent home buyers were first-time buyers. The usual purchased homes were built in 1993, with 1,900 square feet, and had two …
Profile of U.S. Home Sellers and Home Buyers in 2011 Read More »
Today’s mortgage rates are the utmost come-on for would-be homebuyers. In its Primary Mortgage Market Survey released last Thursday, Freddie Mac reported that the 15-year fixed mortgage rate averaged a new all-time record low at 3.13%. Meanwhile, the 30-year fixed-rate mortgage averaged at 3.88%, the lowest rate in history. “With these historically low rates and …
Tips on Increasing Your Chance of Landing a Mortgage Read More »
In its 2011 Year-End U.S. Foreclosure Sales Report, the information provider RealtyTrac reports that in the national scale, pre-foreclosure sales – which are mostly short sales – increased by 15% from a year ago; while Real Estate Owned (REO) sales or sales of properties as a result of foreclosure decreased by 12%. In terms of …
RealtyTrac Reports Shift Towards Short Sales and Away from Foreclosure Sales Read More »