For months the real estate industry has been complaining about a shortage of homes to sell, an inventory which is too small. Raise down payment requirements and the inventory problem will vanish while home prices will fall. Why? Because there will be fewer buyers in the market looking for homes.
Buying a house is a process that involves a lot of patience, research and typically a very large financial investment. But as our friends over at Zill...
Buying may beat renting in every major metro by a wide margin, saving consumers thousands of dollars a year, but buying still remains out of reach for many would-be homeowners.
Rent or buy? It's a popular topic, and plenty of experts are quick to trot out a simple rent vs. buy index and tell you that if you live in, say, San Francisco, you should be renting, while if you live in Detroit, buying makes more sense.
If you were in this position -- your only debt was your mortgage, you had ample emergency savings, and you had an extra chunk of cash -- what would you do?
When a family shops for their first home it can be both exhilarating andā¦stressful. This was especially true for Kristen, 32 years old, and her husb...
We checked out our first house today and in front of the realtor my wonderful husband dropped a bombshell: A two-bedroom house would be fine, since we were not having any more children.
You couldn't put a price on my dreams. And, while, those visions included all that he presented: the house, the kids and the financial security, the wedding was also on that list and weddings trump all, at least in little girl's and engaged young women's minds.
After years of weak housing markets, home sellers are hopeful that this springās home-buying season will finally lift prices. In positive news, Real...
Even when you're in a state of post-wedding bliss, people you're not all that close with may ask something that's none of their business, thus shaking you out of your happy honeymoon period.
Did we bother to discuss the wisdom of this enormous investment with anyone else -- a financial planner, perchance? A savvy friend? An architect or engineer? Of course not.
Thanks to the foreclosure crisis, buying a two-bedroom home is cheaper than renting in most big cities.
In its quarterly Rent vs. Buy Index, real est...
Financial theory tells us that people should diversify their assets, rather than dumping them all in one place (a home). For the majority of Americans, renting might make more sense.
If living in the right part of town is still important to you, but you're living on a recession budget, which Chicago area neighborhood offers the most bang for your buck?
It seems to me that if the seller and buyer are in agreement on all terms, then the mechanics of the closing should never delay the manifestation of the parties' desire and intent, i.e. money for deed.
It may be the best time to buy a house in more than four years.
Home prices have dropped so quickly and so far that valuations - the difference betwe...