Real Estate

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

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 …

Retirement
Real Estate

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 …

Mortgages
Real Estate

How Much Mortgage 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 …

Mortgages

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><b>1. It never pays to be house poor</b><p>You may be tempted to stretch your budget and buy that larger home with the bigger yard, but …

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 …

Full speed a-Fed: The Federal Reserve prepares to raise interest rates again

Full speed a-FedThe Federal Reserve prepares to raise interest rates again<p>For the first time in years, the central bank’s forecasts for monetary …

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> …

Taxes

Foreclosures are suddenly spiking across America

The total number of homes with foreclosure filings jumped 27% in October from September, when they’d been at the lowest level since 2006. It was the biggest jump in monthly foreclosure filings since August 2007.<p>Compared to October last year, homes with foreclosure filings still decreased, but this …

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 …

7 signs you can't afford to buy a home

If any of these signs strike a chord with you, you may want to delay taking on a mortgage in the near future.<p>Making the leap from renting to buying …

Personal Finance

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 …

Real Estate

The housing crisis is great news for America

There's a part of the new housing crisis that tells us good news about the US economy.<p>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 …

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 …

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 …

The next housing crisis is here

The next housing crisis is here.<p>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 …

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 …

Real Estate

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 …

Another mortgage crisis might be just around the corner

The U.S. could be headed for a new mortgage crisis by this summer, believes one analyst. Richard X. Bove, Vice President of Equity Research at Rafferty Capital Markets, said in a report dated March 1 that it’s looking increasingly likely that we will see one. He highlighted how much control the …

Homebuyers in pricey markets are now scared to dream

Rising home prices in hot housing markets are robbing buyers of a favorite pleasure: looking at pictures of homes they can't afford. Or at least, that's one way to read a blog post published this week by real estate brokerage Redfin.<p>Traditionally, buyers browsing online listings have looked at …

Personal Finance

How to Figure Out How Much House You Can Afford

Purchasing your house is one of the biggest decisions you’ll ever make, so you want to make sure it’s a smart one. Figuring out how much house you …

Personal Finance
Real Estate

So You Wanna Buy a House? Step 4: Find the Right Realtor

If you've been following our weekly, step-by-step <b>2016 Home-Buying Guide</b>, you know that purchasing a new home takes some serious prep work -- from cleaning up your credit score to amassing a down payment.<p>But, hey, we're just getting started! You also need a comrade in arms: a close ally to help …