Many millennials are said to be delaying their entrance into the housing market, and that decision could impact their finances for years to come, real estate experts warn.
Down payments are major concern for homebuyers, Zillow study finds
January 16, 2017 by
It costs more than two thirds of the average annual income to cobble together a 20 percent down payment on a home, which is why many potential homebuyers say saving for a down payment is one of their top concerns.
Is a 21-day closing period possible?
January 16, 2017 by
Lenders are aiming to reduce the bloated time frame it takes from agreeing to buy a home to actually closing on the deal.
Home buyer sentiment falls in face of mortgage rate rises
January 11, 2017 by
Mortgage rate increases are chipping away at home buyer sentiment, according to the latest reading from Fannie Mae’s Home Purchase Sentiment Index.
Are Closing Cost Too High for Mortgage Hunters?
January 10, 2017 by
Significant variation in closing costs is a major part of the process when considering which lender a homebuyer should go with. Often, mortgage buyers only consider which company will prequalify
Federal Housing Administration mortgages are about to get cheaper
January 10, 2017 by
Homebuyers seeking Federal Housing Administration insured mortgages will soon be able to take advantage of reduced costs.
Experts say more condos needed to boost apartment sector
January 10, 2017 by
Demand for rentals in the apartment sector is still high because few condo renters are keen on buying, according to industry experts.
What to Know Before Getting Your First Mortgage
January 8, 2017 by
You have saved up enough money for a down payment, and now you’re ready to get your first mortgage. However, there are a few things you should know before you fill out your first application at the bank.
Nationwide home prices likely to surpass pre-crisis levels in 2017
January 5, 2017 by
There’s good news in store for homeowners as 2017 kicks into gear – home prices were felt across the nation over the last year, and experts from CoreLogic say that trend is likely to continue for some time to come.
Toronto Is Fast Becoming As Pricey As Vancouver
January 3, 2017 by
According to a recent article in CBC.ca, the Toronto real estate market is fast becoming as unaffordable as Vancouver. The article assessed a study by the Royal Bank of Canada, as its third-quarter affordability index showed 63.7% of
