In a recent Gallup poll, only 30% of respondents said it was a good time to buy a house. Concerns about a housing bubble are rising. However, comparisons to the 2008 collapse reveal many differences. In 2008, deregulation lead to subprime borrowers buying adjustable-rate mortgages that ended up becoming unaffordable. Today, ARMs are regulated to prevent the same problem from reoccurring. One … [Read more...]

House prices are sky high right now and that is leaving potential buyers wondering if the market will ever return to a normal state. One of the biggest things that you should be paying attention to when buying a home is that you want a home you will be happy with for at least five years. When you are trying to build wealth, real estate is a great option but it's not the only option. Finally, you … [Read more...]

Barbara Corcoran is best known for her role on the TV show Shark Tank but she is also one of the best investors in the world. The advice that she has for first time homebuyers is pretty simple, and that is to get in the game and buy your first home. Barbara explains that once you have your first home, you can start to upgrade over and over again in order to make a profit. However, without that … [Read more...]

There are quite a few different pros and cons that come from waiting out the hot housing market. There is a bunch of pressure on people who are trying to buy homes right now as the supply is continuing to dwindle. However, you can't let the fear of missing out be the driving force for you buying your home. You need to also realize that the fed just raised interest rates so your mortgage will cost … [Read more...]

There is a new program that was developed in California that will let first time homebuyers borrow the down payment for a house with a 0% interest rate. The program is called the Forgivable Equity Builder Loan and will help provide a loan of up to 10% of the purchase price of the home. Gavin Newsome talked about the program in April and how the housing affordability crisis needs to be tackled. If … [Read more...]

There is a current shift that is going on in the housing market as there are not many homes currently available, and the ones that are available have sky high prices. Jasmine Nazarett was looking to buy a home because the price of rent is also extremely high. She was a first time buyer so there was nerves throughout the process but she saved up money from not having to pay her student loans. … [Read more...]

Single-family home sales fell by 16.6% in April to their lowest annualized rate in two years. In addition, March new home sales were revised significantly downward. The chief economist at Fannie Mae said the housing market has turned. Rising mortgage rates - they have gone up by 200 basis points since the end of 2021 - have been the cause. A report issued by Realtor.com indicated that sellers and … [Read more...]

One of the current hot spots when it comes to people looking to buy new homes is Sacramento. The Sacramento area ranked fourth in all of the United States while it just trailed Miami, Phoenix and Tampa. In fact, 43% of the people who are using Redfin to buy a home aren't even from the region. However, one of the things that is concerning is that the home prices in the region are going way up. The … [Read more...]

It certainly feels that housing prices are out of control. The market is quite hot, and prices are skyrocketing. For the buyers, this means that the process of getting a new abode is quite frustrating. For those going through it for the first time, it can actually be intimidating. Yet, getting a loan to purchase your home is still a wise financial decision. Despite the rise in bank rates, even … [Read more...]

Buying a dwelling that is in process of being built offers new owners a variety of opportunities to choose the style of added features and fixtures. This further cement your feeling of ownership and builders are aware of this feeling. You should avoid overspending on upgrades that you really don’t need and which often are just the latest fad. However, there is also a group of upgrades that you … [Read more...]