Best Down Payment Assistance Programs for First Time Buyers



COVID-19 included, the biggest obstacle to home ownership remains the financing. For most, it’s saving the down payment. Especially if you haven’t owned a home before that builds equity to transfer as the down payment when you upgrade or move to another location (but that’s not a first time buyer). The Millennial Generation is having […]

Rising new home starts still can’t meet demand, experts say



New home building starts were up more than 8% at the start of October compared to one year ago, but the increase is still not enough to meet demand, according to Lawrence Yun, chief economist of the National Association of Realtors. Yun noted that housing starts in September were at a 1.42 million unit production […]

How to Keep Your Home Safe This Halloween



Unfortunately, more than seven months into the COVID-19 pandemic, people are still uncertain of what is safe. For example, according to a new survey by Real Estate Witch, only 60% parents said they were planning on trick-or-treating this year, and only a third of those participants said that they would be taking extra precautions. For […]

Professional Moving 101 – Your Ultimate Guide



Shifting and moving are a part of life, and each one of us has to go through it now and then. It occurs for various purposes and means and comes with different reasons. Sometimes, it’s because we want to change our residence. At other times, it is due to professional and strategic reasons. Either way, […]

Mortgage rates fall again but credit availability gets tighter



Mortgage rates are at an all-time low, but that’s just too bad for the thousands of potential home buyers who’re missing out on the action due to tighter lending standards. According to Bloomberg News, housing credit availability has reached its lowest level since February 2014. Back in January of 2019, Ginnie Mae, which is a […]

Economists blame low mortgage rates for rising home prices



Home prices have risen by double-digits in recent months, and that’s all the more bewildering during an economic crisis like the one we’re going through now. Experts say the reason could be the 30-year fixed-rate mortgage, which hit a record low average of 2.81% just last week. “The combination of what could be the lowest […]

Tips for Obtaining a Mortgage During Retirement – You Need a Strategy



You’ve been working all of your life and living within your budget. You’ve never had trouble qualifying for a mortgage because your credit rating was high, your debt-to-income ratio was good, and you bought a house that you could afford. Now you’re fully retired and want to sell the old family home that still has […]

Renters head to the suburbs, causing rents to rise



Renters’ preferences for urban locations is being reversed due to the ongoing COVID-19 pandemic, and many are now choosing suburban markets with more space as they no longer face long commutes to work. Searches for rental apartments in the suburban markets of Sacramento, California; Norfolk, Virginia; and Inland Empire, California, for example, increased from 3.2% […]

First-timebuyers may consider moving to lower-cost areas as challenges mount



Younger people are facing a problem, with rising home pricing meaning that the down payment requirement is getting higher, and many are unable to afford it. The National Association of Realtors says the median home price in the U.S. is now $350,000, which means the average buyer would need to pay $70,000 as a deposit […]

400k borrowers are “needlessly delinquent”, study finds



Around 400,000 homeowners who’re struggling to pay their mortgages due to the COVID-19 pandemic have failed to take advantage of forbearance programs that could help them, despite being eligible, a report from the Urban Institute has found. Homeowners with federal mortgages are allowed under the Coronavirus Aid, Relief and Economic Security Act to defer mortgage […]