During the month of April, about one of three home purchases was paid for in cash, as outlined by CoreLogic. Although that seems like a steep percentage, it’s actually lower than the prior year. During April 2015, 34.4% of homes sold were cash sales. This year, however, that number dropped down to ... » Learn More about Cash sales dwindling to pre-recession numbers
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Teardowns Becoming more popular
More builders and private individuals are turning to teardowns to open up lots. They’re eyeing aging homes to demolish and after that replacing them with an up to date house that they believe could be more appealing to today’s home buyers. Teardowns Becoming more popular The National ... » Learn More about Teardowns Becoming more popular
Land unavailable for Luxury Homes
The requirement for land is driving up prices-especially for prime lots in affluent neighborhoods. Land unavailable for Luxury Homes Median list prices for land within the country’s top luxury markets were up 8.7% inside the first half of the year compared with the same period last year, ... » Learn More about Land unavailable for Luxury Homes
10 unpleasant realities about the foreclosure process
Many buyers feel that the path to purchasing a great home is buying a foreclosure. For a buyer who has done his or her homework, a foreclosed home could be a great buy. But often, buyers are misinformed with regards to the realities of the foreclosure process. As a result of improving market ... » Learn More about 10 unpleasant realities about the foreclosure process
It’s Going to Be Easier to Get a 3 Percent Down Mortgage
HomeReady, the mortgage option that allows borrowers to qualify with income from non-borrower family members, is getting upgrading. It’s Going to Be Easier to Get a 3 Percent Down Mortgage That’s according to government-sponsored mortgage titan Fannie Mae, who announced the following ... » Learn More about It’s Going to Be Easier to Get a 3 Percent Down Mortgage