housing market trends

The Ongoing Trends in the U.S. Housing Market

The housing market has been changed a lot than what it was used to be a few decades earlier. It has become fast-paced and the processes of buying and selling a home have become more complicated. The buyers and renters are suffering because of the price hike and the sellers are also facing their own problems. So, what are the current trends that are driving today’s housing market in the United States? Zillow Group has published a Consumer Housing Trends Report 2017 covering the challenges faced by all the parties. Read More →

homebuyers mistakes

7 Mistakes First-Time Homebuyers Should Not Make

What if you have paid too much for something and later realized that it was a mistake? It definitely will be a huge financial hit. Similarly, a home purchase can be a financial regret for the first-time homebuyers if done wrong. It’s a complex process and making one of these mistakes can cost you big time: Read More →

Home Equity Line of Credit

The Unique Benefits You Could Draw from a Home Equity Line of Credit

The home equity refers to the difference between the real value of the property and the amount you, as the homeowner, owe your mortgage lender. A home equity line of credit (HELOC) determines how much you can borrow against the equity of your house. You can use that money either to pay the debt or make unconditional purchases. Read More →

renting

How to Rent a Unit after a Financial Crisis

A bankruptcy or foreclosure doesn’t legally bar you from renting an apartment. However, the landlord might not be interested in a renter who had undergone a financial crisis. So, you need to be strategic to convince him. Follow these suggestions to increase your chance of renting a home after a financial setback: Read More →

reverse mortgage

Knowing the Reverse Mortgage Ins and Outs

A reverse mortgage can ensure a steady income stream for the retirees by using their biggest asset, their home. An elderly homeowner can use this mortgage to borrow against the home’s equity without losing the ownership of the house. Read More →

cost deduction

The Expenses You Can Deduct as a First-Time Homebuyer

Homeownership comes with huge responsibilities, which may seem overwhelming if you are playing the homeowner’s role for the first time. It’s financially taxing too as you need to pay the mortgage, insurance, and taxes. However, doing some research will help you understand that it’s possible to cut expenses in these areas and take the advantage of many programs and incentives. Read More →

neighborhood security

How to Evaluate the Safety State of a Neighborhood

Buying a house simply does not mean that you have paid for some square footage, bricks, cement, and plaster. It involves picking the right neighborhood too because you will live in that area for many years, or might be the rest of your life. Read More →

rent to own agreement

Understand How a Rent-to-Own Agreement Works

A rent-to-own agreement could be a great alternative to buying a home in a traditional way. A typical home purchase mostly depends on your financial status. You have to have enough money to handle the whole process and qualify for a mortgage. The second factor again depends on having a good credit score and adequate cash for a down payment. Without having these things in order, there’s no chance to score a house. Read More →

vacation home

Are You Ready to Buy a Vacation Home?

The idea of owning a second home for spending the holidays sounds glamorous. No more dealing with the hassle of booking a hotel and paying for the overpriced accommodation! You can stay at your own home for as many days as you want and the way you like. However, buying and maintaining another home can be a pain in the back if you just jump on a deal without much thinking. You should really consider these following things before making the decision: Read More →

upsizing home trends

To Upsize or Not to Upsize? What Does the Market Say?

Most homeowners don’t feel confident about upsizing because it’s a critical decision to make. You have to have a proper plan about what to with those extra square footage and how to manage the money for moving to a bigger home. Well, it seems that today’s homeowners are not scared to take risks. A research conducted by Zillow, an online real estate database company, has shown an uptick in the trend of transitioning to bigger residences. Read More →