Jul 7th 2011 12:10PM
The average consumer expects home prices to decline by at least 0.5 percent in the next 12 months, according to a new monthly consumer survey from Fannie Mae. That forecast reverses the trend from May, when most consumers interviewed by the government-sponsored enterprise said that they expected at least a slight home... Continue Reading »
Jul 5th 2011 1:30PM
If your rent went up this spring, you are not alone. The rental market is playing out a classic supply-and-demand scenario: Demand is increasing and supply has remained neutral as existing renters have stayed put. Add to that rising costs for oil, and gas, and the result is a bigger monthly tab for renters. In the first... Continue Reading »
Jun 8th 2011 3:10PM
When Dr. Alexis Roettinger returned last year to Newport, R.I., she knew it was worth it to buy a house. After completing her medical residency in Buffalo, N.Y., she had landed a new job at the local hospital in the seaside city where she grew up. Roettinger, 35, knew she'd be staying a while. To save money for a down... Continue Reading »
May 3rd 2011 12:00PM
Attention, big-city dreamers: Consider your options before signing the lease on that slummy one-bedroom. Buying a home is now cheaper than renting in 80 percent of the largest U.S. cities, according to a recent survey. Real estate website Trulia recently released its quarterly Rent vs. Buy Index, which compares the... Continue Reading »
Nov 17th 2010 1:19PM
Homeowners may finally have something to smile about. A report by the National Association of Realtors reveals that homeowners' net worth is roughly 41 times that of the average renter. In dollars and cents, the group estimates that the average homeowner's net worth ranges from $150,000 to $200,000, thanks primarily to... Continue Reading »
