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268
(4 votes, average 5.00 out of 5)
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House -
Buying Real Estate
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Written by Omie Ismail
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Wednesday, 03 March 2010 08:18 |
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While you can debate whether it is better to buy a home or rent, there is no debating that on average, Americans save very little. Before the recession kicked in, Americans spent 2 to 5 percent MORE than they made. In other words, collectively, we had a negative savings rate. One of the most important features of buying a house is that it forces you to save money every month at ever increasing rates. Here's how it works and how to make sure that you don't get off the savings path with home ownership.
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Read more: Your Home: A Forced Savings Account
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263
(5 votes, average 4.60 out of 5)
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House -
Buying Real Estate
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Written by Ahmed Amr
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Thursday, 25 February 2010 02:31 |
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There is always a bottom to every market and recent statistics on new home sales indicate that  we are likely there. Yesterday, word came from the Commerce Department that new home sales dropped 11 percent in January to the lowest annualized level of sales in fifty years. When you keep in mind that the population has doubled in the same time span, you get a real sense of how horrible these figures are. And these statistics came against a backdrop of a real estate market where a new home price dropped a jaw dropping 5.6% from December’s prices. But is now a great time to buy, or is that still years away?
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Read more: Is Now a Good Time To Buy a Home?
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50
(7 votes, average 5.00 out of 5)
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House -
Buying Real Estate
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Written by Cheapo Momma
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Thursday, 29 October 2009 11:52 |
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You have a four year old and a toddler with another one on the way and you've outgrown your two bedroom condo. As your husband and you start dreaming of your first house, you think about Kindergarten fast approaching. You know exactly where you want to live: in the best school district in the county. It's a picture perfect vision with only one very big problem: the price of area homes is 30% higher than where you live now. You do the math and the extra $100,000 in mortgage and taxes will cost you over $600 a month. Money that you really can't afford. Buying a house is going to be tough enough, but this would be finanical suicide.
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Read more: The Best Schools: Is a Big Mortgage Actually Cheap?
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22
(5 votes, average 4.80 out of 5)
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House -
Buying Real Estate
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Written by Omie Ismail
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Thursday, 22 October 2009 16:00 |
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I finally got around to owning a house. OK, I really don’t own it - my down payment probably covered the master bedroom. The bank owns the rest of the property. Hopefully, they'll hand over the title in 30 years - maybe 20 if I pay a little extra every month. Owning a house is great, but for the last 17 years, I was a renter and I was proud.
Renting gets a certain undeserved stigma. Somehow when you are renting, the assumption is you haven’t “made it”.
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Read more: The Millionaire Renters
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24
(3 votes, average 4.67 out of 5)
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House -
Buying Real Estate
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Written by The Frugal Nomad
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Thursday, 22 October 2009 15:29 |
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As the prices of homes skyrocketed during the recent housing boom, many people questioned whether the value they got from a RealtorTM was really worth it. In high cost places like New York and California, real estate commissions were topping $50,000 for a few weeks worth of work. And with the sites like Ziprealty, Redfin, and Zillow, buyers increasingly were as aware of market conditions, inventory, and sales records as the brokers were. And it was the brokers who stuck with the chorus line of "Now its the time to buy" even as the market was peaking leaving millions of people underwater. Like mortgage brokers, there is a growing question whether real estate brokers are heading the way of travel agents.
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Read more: Do you really need a Realtor?
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