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Trouble Pulling the Trigger? Here’s How to Commit to Homeownership – By: Anne Miller

  You’ve saved for a down payment. You’ve pored over the local listings for months. Touring open houses has become part of your weekend ritual. But months, perhaps years, have passed and you are still in your rental. For many first-time homebuyers, pulling the trigger on a purchase can be a frightening experience. Will you be happy there? Will you like your neighbors? Will you be tied down—house rich and cash poor? What if you lose your job? Will you hate your commute? In short

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How to Choose the Right Neighborhood – By: Michele Lerner

Any good REALTOR® will share the mantra, “location, location, location” when talking about the attributes that help a home hold its value and potentially appreciate. However, no one neighborhood is right for every buyer. Determining which community meets your needs and your budget requires research and some soul searching about your priorities. Establish Your Priorities Before a Realtor can begin to help you look for a home, you (and your spouse or partner) should develop a list o

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Mortgage Rates Inch Back Down to 2014 Low – By: Rachel Stults

Fixed mortgage rates for most home loans fell slightly this week to once again hit their 2014 low. The average interest rate on a 30-year fixed mortgage dipped to 4.12% from 4.14% last week, according to the latest survey from mortgage buyer Freddie Mac. It was at 4.40% a year ago. Meanwhile, the average rate on a 15-year fixed loan dropped to 3.24% from 3.27% last week. At this time last year it averaged 3.44%. “Mortgage rates were down slightly amid a week of light economic repo

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Realtor.com® Report: Healthiest End to Spring Home Buying Season in Three Years – By: Rachel Stults

For the first time in three years, the peak home buying season is bucking its usual slowdown, showing nationwide price and inventory increases, according to the realtor.com® July National Housing Trend Report. “This is the first time, since the beginning of the recovery, that we expect to see positive momentum throughout the second half of the year,” said Jonathan Smoke, chief economist for realtor.com®. For the past two years, the housing market saw external economic factors ov

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Top 5 Reasons to Buy a House Right Now – By: Chrystal Caruthers

Buying a house is a highly individual decision—and a local one—but current trends are creating a favorable situation for many would-be homeowners. Interest rates are low, employment is rising, home prices—in most markets—are still well below their peaks, and rents are through the roof. Every family and each individual has various factors affecting the ability and the decision to buy a home. If you live in a market where studio apartments are $2,400 per month—while nearby condos

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