Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.
Here's a link to a great article by Emily Huddleston of Redfin regarding VA Loans. "Are you thinking of buying a home? If you’re a veteran or active military personnel, you…
The reality is, whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.
Home equity, for most Americans, is the quickest way to build household wealth. That wealth gives homeowners more options during good times and in difficult situations.
Total housing inventory at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million).
Banks likely don’t want to repeat the mistakes of 2008-2012 when they put large numbers of foreclosures on their books. This time, many will instead negotiate a modification plan with the borrower, which will enable households to maintain ownership of the home.
Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.
In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home.
Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not.
As vaccines become more widely available and a return to normal starts to come into view, we’ll see mortgage rates bounce off the record lows.