You just bought the cutest house in the quietest neighborhood — or so you thought. Unfortunately, you did your house hunting in the winter, and now that the weather has warmed up you’re realizing the street is populated with teenagers who blast music through open windows and dozens of kids who… read more →
Housing developers are beginning to see opportunity in the shuttered schools cast off by the dozens in cities such as Philadelphia, Detroit and Chicago. These buildings, closed because of population decline and charter school competition, are gaining new life as apartments, senior housing and lofts. Some of these schools are… read more →
In January, asking home prices rose 1.1 percent month-over-month, the largest monthly gain since June 2013. But the quarter-over-quarter price increase of 2.1 percent remains below spring 2013 levels, when asking prices accelerated at their fastest rate in the recovery. Year-over-year, asking prices are up 11.4 percent nationally and are positive in… read more →
After several years of a slow market, buying is finally picking up! Mortgage rates are at a historic low, meaning owning a home could be more affordable than ever. However, if you are contemplating renting or buying, it is crucial to realize that your costs will go beyond your monthly… read more →
Everyone dreams of calling a house their home. Nothing can make you feel more secure than becoming a homeowner, unless buying will create financial problems of its own. Make sure you do the research associated with making this life changing transition. Here are a few points to consider as you weigh… read more →
Rent, heat, electricity, student loans and groceries—living expenses can add up quickly. While some of these expenses can’t be avoided (you do, after all, need a place to live), others are unnecessarily causing you to go over your monthly budget. Whether it’s figuring out effective ways to reduce your bills or… read more →
Eager buyers shopping for homes in today’s modestly recovered housing markets might be disappointed to discover not many homes are available for sale. This shortage of inventory means homebuyers in some areas have but few — if any — for-sale homes to choose from. Home Prices Helping Rising home prices… read more →
It’s true that Federal Housing Administration mortgage loans are more expensive in 2014. But as mortgage rates and premiums rise, it’s also true that FHA borrowers have an advantage over those with conventional mortgages: FHA loans are assumable, which means that when it comes time to sell, buyers can take… read more →
U.S. mortgage rates for 30-year loans climbed for a third week, increasing borrowing costs as harsh weather contributes to slowing demand for homes. The average rate for a 30-year fixed mortgage was 4.37 percent this week, up from 4.33 percent, Freddie Mac said on Thursday. The average 15-year rate rose… read more →
The State of Maryland offers tons of Home and Business Ownership Programs and Incentives which vary from one County to another. These Loan Programs were established to make home ownership and the cost to run a small business more affordable and to help revitalize communities which were heavily affected by… read more →