Do These 5 Things Before Buying Your Next Home

Buying A Home? Do These Things First. Home sales are rising, and for good reason. Mortgage rates remain are near 3.5 percent for buyers paying points and rents are rising nationwide. Furthermore, home values continue to ratchet higher. Because of today’s market, then, the longer that you wait to you, the more your home may end…

U.S. housing affordability is at an 8-year low

The gap between housing costs and wages continues to grow in the U.S. While the national median home price has increased 60 percent since the beginning of 2012, average weekly paychecks have swelled by just 1 percent. Combined with this year’s rising property values and shrinking inventory of homes, home affordability in the U.S. is…

5 Reasons It Will Be Harder to Buy a House in 2017

Nearly 5.5 million previously lived-in homes were sold last year, making 2016 the strongest for the housing market since 2006. But sales slipped in 2.8 percent from November to December, according to the National Association of Realtors (NAR), and sales of new homes fell to a 10-month low, according to the Commerce Department. Both figures…

Loan Boom Echoes Subprime Crisis

Deanna White told a contractor she couldn’t afford the $42,200 loan he recommended for improvements to her house in Inglewood, Calif. The contractor, she recalled, said she wouldn’t be on the hook because the loan was part of a “government program.” She applied and was approved. Two years later, Ms. White is struggling to make…