Jan 10th 2013 4:07PM
2012 will probably go down as the most affordable year on record for homebuyers, according to the National Association of Realtors. A combination of depressed home prices and rock-bottom interest rates created perfect-storm home buying conditions that Americans may not see again for decades, experts say. NAR's Housing... Continue Reading »
May 15th 2012 1:35PM
In what may go down as a banner day for the housing market, three pieces of good news out today point to the possibility of a recovery on multiple fronts. Homebuilder confidence hit a five-year high, while housing affordability -- an index based on the relationship between median home prices, median family incomes, and... Continue Reading »
Apr 10th 2012 4:16PM
Serious about buying a home? It's important first to know your finances, get a solid grasp on the kind of loans available, and acquaint yourself with some homebuying strategies. Here are five essential steps to getting a sure-footed start on shopping for your first home. 1. Know what you can... Continue Reading »
Apr 10th 2012 4:16PM
A major cause of the recent housing crisis is the number of homeowners who ended up purchasing property and saddled with loans that, it turned out, they couldn't really afford. To avoid that trap, some key questions in determining how much home you can afford are: How much can you pay monthly? What are... Continue Reading »
Apr 10th 2012 4:15PM
With spring buying season kicking into gear, first-time homebuyers face a market that is brimming with what could be once-in-a-lifetime deals. Home prices are about 34 percent below where they sat just prior to the housing bust, and interest rates continue to hover near record lows. Affordability is the watchword of the... Continue Reading »
