Category: Buy or Sell a Home
What Rising Home Prices and Mortgage Rates Mean to Buyers
The times they are a-changin’. And that goes for mortgage payments as well. According to Realtor.com, rising home prices and steadily increasing interest rates pushed the average monthly mortgage payment up nearly 14.5 percent nationwide between June 2017 and June 2018, making homes less affordable than before. If you haven’t checked rates lately, you might.....
4 Fantastic Retirement Destinations for Baby Boomers
Listen to the conversations of Boomers and many debate whether to stay put or go elsewhere. This isn’t about whether to move into an assisted living facility or nursing home. It’s not time yet for many Boomers—those born between 1946 and 1955—who are still healthy and active and want to continue to play tennis, golf,.....
Record 64 Million People Live in Multigenerational Homes
High housing costs. Rising interest rates. The obligations of the so-called sandwich generation. All of these factors are driving a new trend in housing: multigenerational living. Whether it’s college graduates coming home to live in mom and dad’s basement, or aging parents moving in with their children to avoid the cost of senior housing, statistics.....
Six Things to Help Your House Appraise
You’ve sold your house. It passed inspection, and your buyer has been pre-approved for a mortgage. But don’t breathe a sigh of relief just yet – the house still needs to appraise for your deal to close as planned. Appraisers play an important role in the home buying and selling process. Whenever a mortgage is.....
2018 Housing Trends
What’s currently in vogue?We look to national mega-builder DR Horton, Inc. for answers. Houses are built larger or smaller as the economy shifts, or as family dynamics change and people upsize or downsize, and new home trends, features and designs create demand. We talked to one of the largest homebuilders in the country, DR Horton,.....
Opportunities in Home Finance
Renovation & Construction Loans, Among Options from Finance of America Mortgage While the majority of mortgage loans today are standard 30-year fixed-rate loans, there are still plenty of financing choices that buyers and homeowners can make to custom-design a mortgage for their specific needs. YourHome1Source recently talked with Steven Reich, senior vice president of production.....