There is a new product on the market that may appeal to those about to purchase their next (or first) home. Home equity insurance is designed to protect home owners against any future losses of equity due to a fluctuating real estate market. You can be protected by up to 20% of the homes purchase [...]
If you are in the market to buy a new home, the one catch-cry you are likely to hear is that it’s a ‘buyers market‘ and there are bargains to be had everywhere. It’s true too, there are bargains to be had in a lot of areas, but every home on the market is not [...]
Washington DC real estate is still holding strong when compared to most other real estate markets in the US. Prices in DC1 have either held their own or risen slightly compared to this time last year. Nationally, real estate prices have fallen around 4% so a rise of up to 6% augers well for the [...]
The current state of the real estate market is not being truly reflected in statistics that are being published. Recent numbers show that median house prices in the U.S. are hovering around the $160,000 mark. However, when you look at the distressed sales component, they are around the 40% mark, severely skewing those median house [...]
You have to be careful when reading articles that suggest you ‘buy now’. Do you take a second look at who is offering the advice because sometimes it is vested interest at work. Not vested interest in a direct sort of way, as in hoping you will buy from them, but vested interest in a [...]
Mortgages in Virginia may well become a little harder for those who are on the borderline for mortgage qualification. The Virginia Legislature is about to start considerations on several bills designed to restrict some of the freedoms that lenders have experienced in the past. While ‘robo signing’ has been discussed a lot in the press, [...]
Many years ago, young families were encouraged to start out with and buy a “starter home.” Today, more than half the population are home owners. The mentality now is that buying a house is the “American Dream.” Attitudes about how to buy a home have gone up and down as much as interest rates during [...]
Real estate agents probably have one huge beef when it comes to home owners putting their properties on the market – their unrealistic expectations when it comes to selling prices. If the home owner can’t at least value their home for what they paid for it, it is the real estate agent’s, or the appraiser’s [...]
If you’re in the market to buy a home, consider casting your net just a little bit wider. Research is becoming a real key to home buying and some of that research should include settlement and ongoing costs. There can be a huge variation between states when it comes to transfer and annual taxes – [...]
