A new study shows that many home sellers are unrealistically optimistic, asking considerably more than they’re likely to get. As a result, they risk long delays in finding buyers, which means a lot of lost revenue while the house sits idle on the market. What’s more, homeowners who bought after the… read more →
Sure, you know that having bad credit can mean paying more for a car loan or a mortgage. You know that it means you can pay more to use your credit cards. But did you know that people with bad credit also pay more for their car insurance and sometimes… read more →
The number of renters has swelled nationwide following the collapse of the housing bubble. Some renters face stiffer competition for vacancies and higher rents. All renters who take the time to study the quirks of their particular market will fare better. Here’s what you need to know if you’re a renter.… read more →
No one can tell you when you’re ready to become a homeowner. But it’s probably fair to say a lot of first-time buyers wish otherwise. Buying a home is often one of the biggest purchases you’ll ever make. It’s also among the most infrequent. Knowing you’re prepared to buy a… read more →
Congratulations! You decided to accept that new job offer in another city or finally closed on the home of your dreams. And while you’re excited about taking that next step, you’re facing a huge frustration: You need to pack all your belongings into boxes, and lug it into another home. Moving is… read more →
There is no flawless house. Each home, even a new one, has some issues. The trick is in spotting the really big ones before you sign on the dotted line. People get emotionally attached to a house before they understand what the issues are with it.Subtle signs such as tiny insect… read more →
The tight housing market has sparked the return of bidding wars and desperate buyers in certain cities and towns. While you may need to act fast to land your dream home, haste will make waste if you end up with a money pit. With that, here are five key warning… read more →
Summer signals the start of two hallowed seasons: homebuying and baseball. Like the national pastime, purchasing a home supposedly comes with its own set of “unwritten rules.” Conventional wisdom and considered opinion have long led consumers to believe you never make an offer on the first home you tour, or… read more →
Choosing a home isn’t easy. For most of us, the largest chunk of our income goes to paying for a roof over our heads. Whether you are renting or buying, you want to make sure you aren’t being taken advantage of. Don’t let your emotions cloud the fact that this is… read more →
U.S. mortgage rates fell for a fifth week, reducing borrowing costs as home-price gains slow. The average rate for a 30-year fixed mortgage was 4.12 percent this week, down from 4.14 percent and the lowest since October, Freddie Mac said in a statement on Thursday. The average 15-year rate slipped… read more →