9 Grants and Programs for First-Time Homebuyers

9 Grants and Programs for First-Time Homebuyers By Rachel Hartman (TNS)—Buying a home for the first time can be daunting. In addition to mountains of paperwork and new financial terms to sort through, you’ll face costs and fees that can quickly add up. In short, purchasing a home isn’t a financial step to take lightly. … Continue reading 9 Grants and Programs for First-Time Homebuyers

Zillow faces lawsuit over ‘Zestimate’ tool that calculates a house’s worth

  Zillow faces lawsuit over ‘Zestimate’ tool that calculates a house’s worth A plaintiff in a lawsuit against online real estate company Zillow claims its popular valuation system Zestimate has hampered her efforts to sell a property. (Chris Goodney/Bloomberg) By Kenneth R. Harney By Kenneth R. Harney Real Estate May 10 It was bound to … Continue reading Zillow faces lawsuit over ‘Zestimate’ tool that calculates a house’s worth

How an agent can help alleviate stress

How an agent can help alleviate stress Purchasing a home can be a stressful experience, whether you're a first-time buyer or you've been through the process before. But that's one of the reasons that working with a real estate professional is so worthwhile. With your agent's guidance, buying a home should be enjoyable, rather than … Continue reading How an agent can help alleviate stress

Fannie Mae: Education & Homeownership Linked

  Fannie Mae: Education & Homeownership Linked   Young adults are 3.5 percent less likely to own a home now than they were before the Great Recession, according to a working paper released by Fannie Mae on Thursday. Additionally, the homeownership rate among this demographic has dropped from 45 percent to 35 percent. The paper, … Continue reading Fannie Mae: Education & Homeownership Linked

Smaller Homes Yield Faster Value Growth

~Firm believer in this!!~   Smaller Homes Yield Faster Value Growth   A new study by NerdWallet, which looked at three years worth of data from Realtor.com on 20 U.S. metro markets, found that the smaller the home, the faster the price growth, in terms of percentage of increase. However, overall prices of larger homes … Continue reading Smaller Homes Yield Faster Value Growth

Mortgage Rates are Climbing . . . What Now?

Mortgage Rates are Climbing . . . What Now? Mortgage interest rates rose for the fifth week in a row and are at their highest level in more than a year, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) released on Thursday. The average 30-year FRM climbed by another 5 basis points up … Continue reading Mortgage Rates are Climbing . . . What Now?

U.S. home prices rise again, hitting Great Recession peak, Case-Shiller says

U.S. home prices rise again, hitting Great Recession peak, Case-Shiller says Home for sale Bryan Chan / Los Angeles Times Home prices are slightly above the peak set in July 2006, according to the Case-Shiller national home price index. Home prices are slightly above the peak set in July 2006, according to the Case-Shiller national … Continue reading U.S. home prices rise again, hitting Great Recession peak, Case-Shiller says

Riverside still grappling with warehouse rules

Riverside still grappling with warehouse rules A city panel will talk more about how to address noise, traffic, pollution and other concerns. Riverside resident Brian Fountain stands at his bedroom window, where a new warehouse was being built just yards away in 2015. City officials are discussing new rules to address residents' concerns about neighboring … Continue reading Riverside still grappling with warehouse rules

The best time of year to buy a home

The best time of year to buy a home Study shows off-peak buyers can save thousands of dollars Shutterstock The degree of seasonal decreases in home sale prices varies across metro areas. By EmilyStarbuck Crone  DanielTonkovich This article is reprinted by permission from NerdWallet. While it may be more convenient to buy a home in … Continue reading The best time of year to buy a home

This Demographic is Loving the American Dream

This Demographic is Loving the American Dream Author: Brian Honea in Daily Dose, Data, Featured, News October 13, 2016 0 The decline in the U.S. homeownership rate has been well-documented over the last couple of years; in the second quarter, the rate fell to a 51-year low of 62.9 percent. The homeownership rate is not … Continue reading This Demographic is Loving the American Dream