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Mortgage, Real Estate

Adjustable-rate mortgages grow more popular in expensive markets

By Mike Wheatley | November 21, 2018
More buyers are opting for adjustable-rate mortgages in order to cut costs amid rising interest rates, new data from CoreLogic shows. They’re doing so even as the potential savings between a fixed-rate mortgage and an ARM get narrower. According to Freddie Mac data, the average rate on both a 30-year fixed rate mortgage and a […]
Featured News, Zillow

Zillow lists its top 10 markets for buyers this winter

By Mike Wheatley | October 31, 2018
After years of competitive bidding wars and rising prices, a new study from Zillow shows it might finally be a good time to buy a home in many U.S. markets. Zillow researchers looked at three factors to determine which of the largest U.S. housing markets are becoming more buyer-friendly and found that some previously prohibitively […]
Home Buying, US Real Estate, Zillow

New owners can expect to pay $40,000 in fees to buy a home

By Mike Wheatley | October 4, 2018
Buying a home is one of the most expensive transactions someone will ever make, and home shoppers can expect to spend $40,000 on average in one-time fees on the typical U.S. home, according to a new analysis from Zillow company RealEstate.com and Thumbtack, an online service that matches customers with local professionals. For first-time buyers, […]
Commercial Real Estate, US Real Estate

Ten Seller Deliveries at a Commercial Real Estate Closing

By Elizabeth Whitman | October 1, 2018
When buying a house, the seller typically will sign a deed and hand over the keys. However, commercial real estate transactions are usually more complicated, and most sellers of commercial properties have more deliverables. Buyers who do not get these items from sellers at the closing may find themselves trying to track down the sellers’ […]
US Real Estate

As trade war rages on, Chinese keep buying U.S. real estate

By Mike Wheatley | October 1, 2018
Despite rising tensions between China and the U.S. resulting from a new trade war launched by President Donald Trump, Chinese investors are still drawn to the U.S. real estate market, experts say.
Home Buying

Survey: Most buyers seek financing before they start looking for a home

By Mike Wheatley | September 18, 2018
The majority of first time buyers will check to see if they can obtain financing as the first step they make, even before looking at potential listings, according to a new survey of 1,000 buyers by loanDepot and mellohome.
Home Buying, US Real Estate

87% of Detroit home buyers now pay in cash

By Mike Wheatley | September 13, 2018
A combination of lower home values, affluent buyers, more investors and individuals who want to skip the appraisals process means that all-cash transactions in Detroit are spiking through the roof.
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