For millennials, this is the greatest hurdle to homeownership As far as Tatiana Skomski is concerned, the American dream is alive and well — although just beyond reach. Skomski, 24, lives with her boyfriend, K.J., and their dog, Lola, in Portland, Ore. They picture getting married, buying a house and starting a family. "It's a … Continue reading For millennials, this is the greatest hurdle to homeownership
How Much You Need To Earn To Buy A Home In America Today ~ Getting into the market to buy your first home? Or looking to move up? Don't be discouraged. Yes, housing prices have gone up, but so have wages so chances are that you are in a better position than you think you … Continue reading How Much You Need To Earn To Buy A Home In America Today
Mortgage rates throttle higher, but relief lies ahead So far this year, the 30-year fixed is still averaging 4.42%, down from 4.54% in 2018 Rates for home loans rose slightly, squelching borrower enthusiasm even as the long-term outlook for rates remained upbeat for buyers. The 30-year fixed-rate mortgage averaged 4.41% in the March 7 week, … Continue reading Don’t Get Scared as Rates Rise Slightly
Why California's new solar mandate could cost new homeowners up to an extra $10,000 Starting next year, every new home built in California will have something extra on top. Recently, California became the first state in the nation to make solar mandatory for new houses. Beginning in 2020, newly constructed homes must have solar panels, … Continue reading California’s New Solar
Where Are Millennials Buying Homes? – 2019 Edition Record high home values, stagnating incomes, the largest economic downturn in a century and record levels of student debt are just a few examples of the roadblocks between millennials and homeownership. All these factors have manifested in millennials’ inability to sock away enough cash in their savings … Continue reading Where Are Millennials Buying Homes? – 2019 Edition
Experts are throwing cold water on a 'housing collapse' There's no doubt that housing in the US has come under significant pressure over the past year. A lethal combination of rising interest rates and home prices - at a late phase in the economic cycle - has given way to weak mortgage-lending, climbing inventory, and … Continue reading Housing Collapse? Not Likely
As housing costs remain high, parents buy homes to give their kids a leg up When Laura Hameister and her family moved to a new home in the San Francisco Bay area more than a decade ago, she and her husband decided to hold onto their old house rather than sell it. Today, Hameister’s younger … Continue reading Mom, Dad Can you Buy Me a Home?
Apartment Owners: Let’s Do the Math With Maintenance Costs How much does it cost each year to maintain your apartment? For apartment owners, that answer contains two elements: what you pay to buy the place and what you pay each month to carry it. These two factors, in theory, exist on a sliding scale to … Continue reading Buyers – What are you paying in maintenance costs?
Riverside County is No. 1 in California for population growth in 2018 Riverside County’s population rose 27,386 in the year ended July 1, largest gain among the state’s counties. Now if only we could get more housing built and more higher paying jobs.... Check out the link here, also don't be afraid to scroll into … Continue reading Riverside County is a’growin
What you should know about buying, selling or refinancing a home as the market gets more complicated in 2019 Buy, sell or refi: Your housing playbook for 2019 3:46 PM ET Wed, 19 Dec 2018 | 26:38 It's the most expensive purchase many of us even consider: A place to live. As we head into … Continue reading Buy, Sell or Refinance in 2019?