Purchasing a home is an expensive proposition, but for many buyers, the realization that a host of closing costs need to be paid before the sale can go through is often a concern when it comes to ensuring there’s enough money set aside to go through with the transaction. In simple terms, closing costs are the fees associated with the …
Realtor.com® recently revealed that millennials have become more positive when it comes to taking the plunge into home ownership and are primed to gain market share in the second half of the year, based on the results of its consumer behavior survey of more than 12,000 respondents conducted from Jan. 1, 2015 to June 15, 2015.
In recognition of American Housing Month in June, the American Bankers Association Foundation is reminding consumers of the critical impact credit scores can have on their housing options. “An important step to finding a home, whether you’re renting or buying, is ensuring that you have a good credit history,” says Frank Keating, ABA president and CEO. “A strong credit score …
Remarkably negative findings from the 2015 How Housing Matters survey released this week by the MacArthur Foundation were punctuated by two critically important findings. Attitudes on the value of housing as an excellent long term investment have flip-flopped and Millennials put a higher priority on the dream of homeownership than their elders.
With more Americans preferring to buy instead of rent and others believing now is a good time to sell, housing is right on track with forecasted improvements this year, a Fannie Mae survey recently reported. Based on the survey, a growing number of Americans say now is a good time to buy a house, climbing back up to 66 percent. …
With interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today’s market have become very steep, according to the inaugural Opportunity Cost Report released recently by realtor.com®, a leading provider of online real estate services operated by News Corp subsidiary Move, Inc. The proprietary report examines …
The majority of homebuyers know credit is important when purchasing a home–and they feel significantly more prepared to buy if they know their credit scores, Experian reports. In addition, the majority of homebuyers understand the importance of their credit scores in securing favorable interest rates to refinance a home.
We are right in the middle of the most popular time of year for home buying, selling and moving. Unfortunately, the hustle and bustle of the season can leave buyers and sellers susceptible to scams. If you’re preparing to move, here are 10 ways to avoid unscrupulous practices by scammers from the Better Business Bureau (BBB), which handles complaints regarding …
Credit card debt is the third largest source of household debt, behind only mortgages and student loans. According to Equifax, the average credit card balance is about $1,224 per card. “Credit cards are a significant source of debt for millions of Americans, and that’s why it’s so important to develop the knowledge and skills to manage them effectively,” says Steve …
