Nov 30th 2011 8:30AM
Baby boomers may be in a better position than most to buy homes, but not before helping Junior out of a bind. A national survey found that at least two-thirds of boomers age 45 and up want to help their children or grandchildren with a home down payment. The study, conducted by Meredith Research Solutions for Better Homes... Continue Reading »
Nov 9th 2011 1:30PM
By Sheryl Nance-Nash Here's more evidence that the foreclosure crisis has changed the way we think about homeownership's place in the American dream. Nearly half of those polled in a newly released survey said that owning a home today was a "nightmare." Nearly 70 percent of those surveyed by Home Value Insurance Company... Continue Reading »
Oct 20th 2011 10:35AM
WASHINGTON -- The number of Americans who bought previously occupied homes fell in September. Home sales are on pace to match last year's dismal figures -- the worst in 13 years. The National Association of Realtors said Thursday that home sales fell 3 percent last month to a seasonally adjusted annual rate of 4.91... Continue Reading »
Oct 13th 2011 2:25PM
WASHINGTON -- The average rate on the 30-year fixed mortgage rose sharply this week after falling below 4 percent for the first time in history. Freddie Mac said Thursday that the rate on the 30-year fixed loan rose to 4.12 percent. That's up from 3.94 percent last week, the lowest rate ever, according to the National... Continue Reading »
Oct 12th 2011 9:40AM
By Sheryl Nance-Nash More than 2.5 million people were turned down for mortgages in 2010, according to the Federal Financial Institutions Examination Council. That's about 23 percent of all those who are seeking a loan to buy a house. Compared to just a few years ago, the number is quite low -- but it's sure not because... Continue Reading »
