First-timeHomebuyers - Articles

Housing Market 2011 Forecast: The Frequent Buyer

What will the New Year hold for the U.S. housing market? It depends on who you ask. That's why AOL Real Estate has assembled an all-star panel of real estate mavens and moguls to discuss the questions that matter most to consumers. Should you buy, rent, sell or renovate in 2011? Will home values improve? Which way will... Continue Reading »

New Year's Resolutions for Homebuyers

Like many homebuyers, you sat on the sidelines for the past few years -- watching the real estate market go from boom to bust -- and now you're just about ready to jump in. What renter wouldn't be at least toying with the idea of homeownership, with interest rates well below 5 percent and home prices having dropped more... Continue Reading »

Buy a Home at a $100,000 Discount

Source: SmartMoney Fannie Mae and Freddie Mac need to shrink their inventories of foreclosed homes, so the two government-controlled companies are offering some amazing deals, often with down payments as low as 3 percent plus other incentives. Many of the homes are lesser properties in less-than-desirable neighborhoods,... Continue Reading »

Homebuyer Tax Credit: Nearly Half of Recipients Must Return It

Adding insult to injury, around 950,000 homebuyers who claimed the first-time homebuyer tax credit for 2009 will need to return the money. The Inspector General for Tax Administration announced last week that roughly half of the 1.8 million Americans who took the credit on their 2009 tax returns did so in error and... Continue Reading »

Senate Approves Homebuyer Tax Credit Extension: What's Next?

It's almost official: The Senate approved a three-month extension on the homebuyer tax credit for buyers in escrow late last night. The House voted in favor of it 409 to 5 on June 29. The Senate vote was unanimous. Now the bill must be signed by President Obama, which may happen as soon as today. But will the extension... Continue Reading »

Closing Costs: Settlement and Escrow

Set with solid jobs, nice cars and a baby on the way, there was only one thing Liz and Wes Clayton were missing: the perfect house. They had no problem tracking down the ideal three-bedroom ranch in Fairfax, Va., negotiating a price or securing a loan -- it was the closing costs that left them less than settled. "The only... Continue Reading »

The Bling Bubble: Cash buyers outbidding rivals

For a while, home buyers had it good: Nose-diving prices, tax credits for repeat and first-time buyers extended into 2010, incentives from builders and concessions from sellers. But with many markets bottoming out around the U.S., property virgins and pros alike are bumping up against a growing wave of formidable rivals:... Continue Reading »

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