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Closing costs are part of every successful home purchase. Irregardless if you are borrowing from the bank, paying it straight cash from your savings or an inheritance from a family member, this is something that you will encounter. These are the costs you need to spend for before closing the sale. It is best to …
Finding a home inspector that will help you evaluate the property you are about to purchase is an important expense that some people forego. If you are eyeing a home that is pre owned, the more you need to hire this service. You may know what you want in your home but an inspector is …
While some analysts say that the collapsed in home-price bubble could result to turning would-be first-time homeowners into permanent renters, other economists and real estate experts say that would-be home buyers have not given up on real estate as an investment. A recent study of John Burns Real Estate Consulting forecasts that the homeownership rate …
First-Time Home Buyers Decreased by 20% Since 2009 – Study Says Read More »
Home buying got even more affordable this week as the 30-year fixed-rate mortgage set a record low for the fourth week in a row. In its latest Primary Mortgage Market Survey, Freddie Mac reported that the 30-year fixed-rate mortgage dropped to 3.78% last May 24, a slight drop from last week’s averaged of 3.79%. The …
30-Year Mortgage Rate Sets a Record Low for 4th Week in a Row Read More »
The housing affordability on a national scale in the U.S. hit a new record high in the first three months of 2012, this according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The recent Housing Opportunity Index shows that 77.5% of all existing and new homes that were sold in the …
U.S. Housing Affordability Hits a New Record High Read More »