Real Estate News

Title insurance: What does it cost?

Published: 17 Aug 2017

Title insurance is one of those things many would-be homeowners will hear about at some point in the homebuying process but not necessarily know what it means or, perhaps more importantly, how much it will cost. However, like many types of insurance, it's often a type of coverage that homeowners - and even lenders - can benefit from significantly in case improbable, unfortunate situations arise as it relates to the titles on their properties.

Are conditions easing for first-time buyers?

Published: 09 Aug 2017

For years, many young adults have been held on the sidelines of the housing market thanks to stringent lender requirements and, often, personal financial obstacles that were difficult to overcome. However, those conditions are starting to ease, as lenders are now more accepting of a broader range of would-be borrowers, and the improving economy is putting more people in a position to buy, even as other forces may act as deterrents.

Buyer uncertainty holds sway as mortgage rates hold steady

Published: 07 Aug 2017

It might come as a surprise to many would-be buyers currently sitting on the sidelines of today's housing market, but the savings opportunities available to them now are probably among the best they can expect to encounter for some time to come. However, it is perhaps also understandable why any potential shopper might be a little hesitant to get into the market given the conditions they've faced in recent months.

Mortgage risk is on the rise, but experts say that's O.K.

Published: 03 Aug 2017

Over the past year, lenders have slowly but surely loosened the restrictions on purchase mortgage restrictions, which they've held historically tight for about a decade. This comes both as the economy continues to recover (leading to higher pay and lower unemployment) and mortgage rates rise, making buyers a much greater force in the mortgage market than current owners looking to refinance. And with more buyers necessarily comes greater risk, but the general consensus is that risk has been so low for so long that this is just the market getting back to normal.

Puppies over parenting: First-timers want dog-friendly homes

Published: 31 Jul 2017

Many pair first-time homebuying with family planning, and recent data showed the first addition to the house could be a dog bed instead of a cradle. According to a Harris Poll on behalf of SunTrust Mortgage, 33 percent of millennials purchasing first homes want better space or a yard for their dogs to run around. That share trumped marriage (25 percent) and the birth of a child (19 percent).

Existing-home sales temper from May to June but show yearly gain

Published: 28 Jul 2017

Between May and June 2017, sales of existing single-family homes, condominiums and townhomes declined 1.8 percent, according to the National Association of Realtors. This decrease manifested as a seasonally adjusted sale rate of 5.52 million units in June, compared to May's 5.62 million units.

Financial satisfaction highest in a decade

Published: 28 Jul 2017

Americans may be in the mood for homebuying and other large purchases. According to the latest personal financial satisfaction index from the American Institute of Certified Professional Accountants, the figure hit a 10-year high for the second quarter of 2017. In particular, the index reached 24.1 points, representing a 7.6-point jump quarter over quarter.

What prefabrication could mean for homes

Published: 21 Jul 2017

The amount of speculation over the solution to housing issues should make the rise of alternatives less than surprising. One of the options gaining some attention is prefabricated homes. While some might associate the use of prefabrication with non-sustainable, and therefore less desirable elements, there seems to be a push to make these pre-made homes more available, for the cash-strapped younger buyers in particular.

New buyers want mortgages they can afford, says report

Published: 20 Jul 2017

Even if it's obvious, a new report shows the sheer importance of finding affordable mortgages, at least for those buyers who are searching for their first home. Chase Home Lending and Google collaborated on a report to assess what prospective buyers are looking for, at least based on their web searches. It outlined the major findings in a "Search for Home Snapshot," saying that, among other things, the number of results related to affordability went up by 34 percent year over year in 2016.

Mid July 2017 mortgage rates reach new high

Published: 18 Jul 2017

Freddie Mac's July release on mortgage rates shows some notable increase. The source said that the week of July 13 showed rate improvements for 15 and 30-year fixed rate, as well as 5-year adjustable rate mortgages for this period. Though all of these show some form of an uptick, the middle of these, for the 30-year FRM's, proved especially significant.

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