Our first-house story is an age-old tale: My husband and I were priced out of Brooklyn after the birth of our son. By the time he was 2 years old, we desperately needed to move from our one-bedroom apartment to something larger.
Purchasing a home can be a savvy financial move, as long as you manage it well. Make sure to ask yourself these questions before signing on the dotted line, and your dream home can bring you joy for many years to come.
More and more couples are electing to live together without getting married, and often this includes purchasing a home together. This is a major decision fraught with potential consequences if and when they decide to split.
Everyone and their mother are chasing investment properties in D.C. because they finally got the memo from 2010 that D.C. rentals are a great investment. Let me be blunt: Unless you already purchased property when prices were lower, that ship has sailed.
One person's "flexibility" is another person's "lack of stability." And one person's "stuck" is another person's "steady." The way you'll feel about buying vs. renting is very much in the eye of the beholder.
There is a homebuying myth that needs dispelling. It has to do with mathematic certainty. The truth is, no formula exists for knowing if and when you should buy a home. Ask most economists and they'll tell you that there are far too many emotional factors involved.
At Redfin, we looked into preferences among our own young homebuyers, and found that, what a shocker, men and women disagree on some major stuff. Namely, how long they plan to stay in one home, where they want to live and who they plan to live with.
Home searches peak in March and April, and this year the search is especially frantic as inventory is near a 12-year low. But when it comes to searching for a home, as with everything else, moving too fast leads to mistakes and regrets.
Buying a home is now cheaper than renting in most of the country's housing markets. A litany of recent studies and surveys have almost belabored the point given home values and historically low interest rates.
These steps are just a start, but the lessons from the financial crisis are clear as day. Will we learn from them, and let government do what we created it to do, or will we tumble back into the mess that got us here in the first place?