Mar 28th 2011 10:25AM
A record 33 percent of all home buyers in the U.S. pay in cash, according to the National Association of Realtors. How do these people come up with the loot to buy a home – often in the hundreds of thousands of dollars – without a bank loan? Well, some of them are investors and wealthy individuals with big... Continue Reading »
Dec 24th 2010 9:00AM
Fannie Mae and Freddie Mac were in the news a lot this year. For starters, there was the presidential summit in August, to solicit ideas for what to do with the ailing government-sponsored enterprises (GSEs for short). That was followed by midterm-election wrangling over whether to replace the struggling mortgage giants... Continue Reading »
Oct 28th 2010 4:07PM
Five years ago, New Jersey homeowner Bill Allard bought a house with a 30-year fixed mortgage at a rate of 5.75 percent. But with mortgage rates now below 5 percent, he's wondering if he should refinance his loan. "I could get a lower rate and my monthly payments will be less, but will I come out ahead in the long run?"... Continue Reading »
Oct 25th 2010 2:25PM
In 2010 an estimated 4 million homes will be slapped with foreclosure notices, making it the worst year yet for foreclosures during the housing crisis. And without a strong economic recovery the numbers could continue to escalate, leaving more Americans unable to afford their homes. One way to turn back the tide is with... Continue Reading »
Oct 5th 2010 7:25PM
With the available inventory of homes in today's market, you might want to take a look at "new construction", which is a new property being offered by a home builder. Wondering if one of these is right for you? Here are some pros and cons you should consider. Continue Reading »
