The opposite, a seller's market, occurs when fewer houses are on the market than there are buyers. The run up to the recession was a booming seller's market in most areas of the U.S. With several buyers often bidding for the same house, home prices kept reaching new heights. Talk to...
Discuss the types of properties you want to visit with yourproperty buyers agentto rule out unsuitable houses, as it will help you find your dream home at a quicker rate. Also, attend as many open houses as possible until you find a property that checks every box. Arrange a Home Inspectio...
Houses that are ready to move in will cost you more in general as compared to a property that is still under construction. It all depends on your personal preference. If you do not mind waiting, buying a property still under construction is the ideal bet for you. But avoid further delays...
LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers.
When you’re buying and selling houses, it often feels like things are happening on top of each other. Whatever approach you take, there are pros and cons: Buying first and then selling If you have enough money saved to pay a new deposit without selling your current home, buying first...
But even though the housing market is returning to normal, bothhome pricesand mortgage rates remain high. While inventory has started to tick up, a continued scarcity of houses means sellers still have an edge in many areas. And no one expects a dramatichousing market crash. Still, many anal...
Open houses: What’s their role in the home-buying process? Condo or house: Which should I buy? Warrantable & non-warrantable condo mortgage rules updated Multifamily homes: Make your house pay for itself Safe neighborhood: How to check it out before buying a home Considering a home with...
Our local banks and credit unions did not get involved in that sub-prime mess so they are pretty steady. The prices for our houses never got out of line so while our foreclosure rate has gone up, it's nothing alarming like in CA. Our issue around here is we are losing some of our...
With credit not so easy, and cars not so affordable, there is no choice at all but for the car prices to come more in line with people's incomes. Same with houses. House prices have become WAY out of line in proportion to peoples' income. isis867 Member Posts: 22 October 2008 ...
Lenders use this ratio to determine how much house you can afford. Keep it low, and you'll be golden. If it's high, don't worry there are ways to improve it! Paying down debts is like hitting two birds with one stone: improving your DTI and making your credit score soar!