The Most Important Factors to Selling Your Home

Mortgages

The Most Important Factors to Selling Your Home

The Most Important Factors to Selling Your Home

The housing market has experienced plenty of highs and lows throughout the past decade, and, luckily, we are experiencing a resurgence in home values. With home values on the rise and interest rates remaining low, this could be a great time to put your house on the market in many parts of the country. There… Read More

How the Internet Could Open Up the Housing Market to Everyone

Mortgages

How the Internet Could Open Up the Housing Market to Everyone

How the Internet Could Open Up the Housing Market to Everyone

For decades, the U.S. has had two de facto mortgage systems: one that supports relatively easy access to homeownership for more affluent homebuyers and one that undermines affordable homeownership for low- and moderate-income (LMI) borrowers and often people of color. Now, advances in online lending – considered by some to be a potential solution to… Read More

Underwater Homes at Lowest Level in 2 Years

Mortgages

Underwater Homes at Lowest Level in 2 Years

Underwater Homes at Lowest Level in 2 Years

“Underwater” has been a prominent buzzword in the mortgage industry over the last several years — the kind of buzzword that leaves a nasty taste in your mouth when you use it. Seriously underwater properties make up 17% of mortgaged homes in the U.S., according to RealtyTrac, a housing data company. That’s the lowest share… Read More

How to Sell Your House in the Off-Season

Mortgages

How to Sell Your House in the Off-Season

How to Sell Your House in the Off-Season

It’s been said that spring and early summer are the best times to sell your house. Competition among buyers can be fierce during these warm months and for whatever reason, the data has consistently shown that homes sell for more in spring and early summer. Maybe there’s something psychological to warm weather that entices buyers… Read More

Underwater Mortgages Fall in the Third Quarter

Mortgages

Underwater Mortgages Fall in the Third Quarter

Underwater Mortgages Fall in the Third Quarter

The percentage of homeowners underwater on their mortgages has dropped significantly during the past year, according to the quarterly Negative Equity Report from Zillow. Twenty-one percent of of homeowners with mortgages owed more than their homes were worth in the third quarter. That’s down from 28.2% in the same period of 2012, which is the… Read More

More Americans Feel Unprepared to Buy a Home

Mortgages

More Americans Feel Unprepared to Buy a Home

More Americans Feel Unprepared to Buy a Home

In the wake of the financial crisis and recession, many people’s opinions of homeownership have changed, but the majority of Americans (88%) consider it a part of the American Dream, according to a survey from NeighborWorks America, a network of affordable housing and community development organizations. At the same time, 40% said they feel less… Read More

Mortgage Delinquencies Hit a 5-Year Low

Mortgages

Mortgage Delinquencies Hit a 5-Year Low

Mortgage Delinquencies Hit a 5-Year Low

Foreclosures and delinquencies in the housing market have dropped to levels as low as before the recession, according to the most recent Mortgage Bankers Association’s National Delinquency Survey. The percentage of mortgages with at least one late payment dropped to a five-year low last quarter, with 6.41% of all outstanding home loans in delinquency. The… Read More

The Most and Least Affordable Places to Live

Mortgages

The Most and Least Affordable Places to Live

The Most and Least Affordable Places to Live

Only in eight of the largest 25 U.S. metropolitan areas can a median-income household afford a median-price home, according to a review by Interest.com. Last year, 14 of the 25 were affordable for middle-income homeowners. Salaries have not kept up with rising home prices across the nation, particularly in coastal cities, with San Francisco ranking… Read More

7 Things Every Homebuyer Should Know

Personal Finance

7 Things Every Homebuyer Should Know

7 Things Every Homebuyer Should Know

It seems like everyone gets new-house fever in the spring, but if you’re serious about buying, prime time for making a purchase may be right around the corner instead. Real estate site Trulia says house searches cool off in the fall and slow to a crawl in December. What does that mean for you? Less… Read More

Nearly Half of Americans Expect Another Housing Bubble

Mortgages

Nearly Half of Americans Expect Another Housing Bubble

Nearly Half of Americans Expect Another Housing Bubble

Fewer Americans believe homeownership is attainable for middle-income consumers, according to the latest Country Financial Security Index. Perhaps Americans have adopted a more pessimistic outlook lately, or maybe the economic events of the past several years have caused us to expect the worst. Whatever the reason, nearly half (48%) of adults surveyed said they think… Read More

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