Real Estate

By Todd Waller | Curated articles on real estate, from a destroyer of the real estate fortress of suckitude.

Planning To Buy A Home? 5 Things To Know About The 2018 Housing Market

Are you thinking about buying a home in 2018? You’re not alone. Across the country, lots of people are trying to decide whether to make that leap into homeownership next year. So, since 2017 is coming to a close, we decided to write up our thoughts on where the housing market stands today and what …

How to buy a home without a mega down payment

For cash-strapped Millennials, saving for a down payment on a home can be downright daunting.<p>If a traditional 20% down payment sounds out of reach, you'll be happy to know that some mortgages will allow you to put down as little as 3.5% of your home's purchase price.<p>But there's a catch. Putting …

Personal Finance

Bitcoin and the Blockchain Are Disruptors in Global Real Estate

Cryptocurrencies and smart contracts could improve transparency, speed and security of property transactions<p>In recent weeks, stories about bitcoin …

Millennials' New Weapon in Bidding Wars: A Parent's Home Equity

Call it the mortgage merry-go-round: Parents refinance their home to fund the full cost of their son or daughter’s desired home. This allows the child to compete as a desirable all-cash buyer in an area where bidding wars are common. Then, when the purchase closes, the child refinances the new home …

10 Strangest Questions Buyers Have Ever Asked About a House

Long before home buyers decide a certain place <i>must</i> be theirs, it behooves them to ask a lot of questions. For example: "How's the neighborhood?" or …

Real Estate

Think Home Prices Are High Now? Why They're Likely to Keep Going Up

Buyers might want to sit down for this: Homes flew off the market like the hottest of hotcakes in the first quarter of the year—causing prices to …

Who Will Buy Baby Boomers' Homes?

Years ago, housing experts predicted a housing crisis brought on by “the great senior sell-off.” But the seniors aren’t selling—yet.<p>A recent report from Harvard’s Joint Center for Housing Studies forecasts that the remodeling industry will remain robust over the next ten years. The growth will be …

Housing

Housing Trends Will Keep U.S. Interest Rates Suppressed

If we’re all downsizing, who’s upsizing?<p>That question should be critical to aging and retiring baby boomers whose main “asset” is the equity in their homes. If current demographic trends remain in place -- and there is not a shred of evidence that they won’t -- then we are facing a generation of …

Home Ownership

Affordability, Tight Supply Cause Vacation Home Sales To Plummet In 2016

Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors. The survey additionally found that vacation and …

50 ways house hunters can get ready for homebuying season

Spring will very soon have sprung — which means “For Sale” signs will be in full bloom — and if you’re hoping to buy a home this year, get ready for a competitive market. Thanks to the Federal Reserve’s continuing rate hike teases and some economic improvements, you can expect to run into plenty of …

A Mismatch of Home Buyers and Sellers Points to Pain This Year

The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of them.<p>Across the U.S., 27% of online home searches in the fourth quarter were for starter homes, but …

Mortgages: How Much Can You Afford?

The housing slump hasn't entirely ended. But in many parts of the country, residential real estate is coming back big time, and – even allowing for …

Personal Finance

Buying a House in 2017? Know These 5 Rules

Buying a house is a huge financial undertaking. If you're planning to become a homeowner come 2017, here are five rules you should know by heart.<p>IMAGE SOURCE: GETTY IMAGES.<p>You may be tempted to stretch your budget and buy that larger home with the bigger yard, but remember: The more you spend on …

3 Charts That Show the Housing Market Has Finally Recovered

Americans are taking out mortgages like they haven’t since the Great Recession.<p>According to the Federal Reserve’s flow of funds report, total …

The Federal Reserve prepares to raise interest rates again

AMERICA’S central bank tries to be predictable. When in December 2015 it raised interest rates for the first time since 2006, nobody was much …

First look: Caliber Home Loans new fully digital mortgage will close in 10 days or less

For consumers and lenders alike, the mortgage process can be a cumbersome and time-consuming process.<p>Recent data from <b>Ellie Mae</b> showed that on …

What Are Some Tax Write-Offs Related to the Purchase of a New Home?

Consider Points, Prepaid Interest, Prorated Real Estate Tax and Tax Credits<p><i>Every week, Mansion Global poses a tax question to real estate tax</i> …

Canadian, World, Politics and Business News & Analysis

Foreclosures are suddenly spiking across America

Compared to October last year, homes with foreclosure filings still decreased, but this nationwide decrease is covering up what is now happening in 28 states and Washington D.C., according to the Foreclosure Report by ATTOM Data Solutions. There, the inventory of homes with foreclosure filings is …

Real Estate

How Much Home Can I Afford? Find That Magic Number Here

Long before you start asking yourself what <i>type</i> of house you want -- condo or house? Craftsman or Ranch style? -- you should ask yourself a more pragmatic question: How much home can I afford?<p>After all, it's no secret that your dream home can quickly turn into a living nightmare if you're struggling …

Buying Your First Home? Better Make Sure It Has These 4 Things

Finding the perfect starter home is a journey as well as a destination. You've got to know what you want, then adjust expectations to meet the reality of the market. In the end, you don't have to settle on your "forever home" -- just a place you'll call home for at least five to seven years.<p>But …

When Is the Best Time to Buy a Home?

When the weather outside is frightful...<p>Home sales tend to rise along with the temperature. According to Realtor.com, 50% of homes are sold in …

The housing crisis is great news for America

Right now, inventory levels are not enough to service potential homebuyers in many markets.<p>This imbalance has contributed to a rise in home prices that is locking many out of homeownership. San Francisco is probably the poster child of this problem.<p>But the demand side of the equation is reason to …

Real Estate

US housing data still isn't looking too good

Garnering much less attention than last week's GDP report were the housing figures.<p>In particular, we received figures on homeownership, vacancies, housing stock, and a host of other relevant indications on the state of the American housing market.<p>Perhaps the saddest figure of the bunch is the …

Housing

The National Housing Conundrum: Is There a Supply or Demand Shortage?

<b>Executive Summary</b><p>The biggest obstacle to a more balanced market between buyers and sellers is a lack of homes for sale. Many areas across the country …

Real Estate

The next housing crisis is here

And this time the crisis is all about one thing: supply.<p>Following the mid-aughts housing bubble that saw homeowners across the country get themselves upside down in homes and mortgages they couldn't ever afford to repay — a crisis that was as much about too much supply as it was about too much bad …

Housing

6 Ways to Win a Bidding War in a Hot Housing Market

Consider writing a "love letter" to the seller.<p>If you’re shopping for a house in one of the country’s hottest real estate markets, where the supply …

Low Inventory Ann Arbor Home Buyer Options

<b>Be prepared!</b> Like the Boy Scout motto, be sure to have all of your ducks in a row before you become serious about purchasing a home. This means …

Real Estate