Posts with tag first time home buyers

Spring home buying season has officially sprung, as buyers reenter the market after a long winter. In the absence of another homebuyer tax credit, however, sales are not as robust as they were a year ago. Existing home sales, which includes single-family houses, condos, townhouses and co-ops, rose to 5.10 million in... Continue Reading »

When Mark and his wife married in 2007, their one-bedroom Brooklyn apartment was just what the newlyweds needed. But when home prices took a dip in their hip Brooklyn enclave, they knew it was time to make a move. "It was great at the time," Mark says, "but we knew that it was small and we definitely wanted more... Continue Reading »

The government shutdown that will occur if Republicans in Congress and President Obama can't come to terms on budget legislation by midnight tonight could hit the ailing spring home-buying market like a ton of paving stones. The Federal Housing Agency (FHA), a popular source of low-down-payment mortgages of as little as... Continue Reading »

The New York Times reported today on an odd permutation of the buyer's dilemma: like the price, love the house, hate the fact that an elderly couple was brutally stabbed on the premises by their troubled son, who later jumped in front of an oncoming train. What's a homebuyer to do? There's a name for this not-so-unique... Continue Reading »

First time home buyers stand to benefit the most from today's slumping housing market. After all, they don't need to sell a house in order to buy one. AnnaMaria Andriotis at SmartMoney offers some valuable tips for first time home buyers braving a sea of new rules and regulations to achieve their dream this... Continue Reading »