homebuyers - Articles

Most U.S. Homes Now Affordable for Average Buyers

Zillow By Cory Hopkins The majority of homes nationwide are more affordable now than they were in the years leading up to the start of the housing bubble, with homebuyers currently spending a smaller share of their incomes on a mortgage than they have historically. Nationwide, roughly two-thirds (66.4 percent) of... Continue Reading »

When Homebuyers Insist on Spending the Night

Shutterstock By Aaron Crowe One of the fun parts of searching for a home to buy is visualizing living in it. Will your furniture fit? Is the kitchen big enough for all of your kids? Imagining your belongings and your family living in the home can make the buying decision easier. When checking out a house, some buyers... Continue Reading »

How Federal Shutdown Could Complicate Homebuying -- and Worse

Bloomberg via Getty Images By Christine DiGangi The 30-year mortgage rate was reported at a three-month low last week at 4.22 percent, and a rate like that would seem to be good news for borrowers. But that drop came just after the U.S. government partially shut down, which complicated things for mortgage lenders and... Continue Reading »

Tight Mortgage Rules Are Putting Even the Rich in a Pinch

By Richard Satran Having trouble getting home financing? You're not alone. Even wealthy people are getting rejected under the tough new lending rules adopted after 2008's housing market crash. Moneyed enclaves are still feeling the impact of tight mortgage money. In the breezy New Hampshire lakes region where "On Golden... Continue Reading »

Making the Choice Between a Good School and a Better House

How much house would you give up to make sure your children are going to a good school? "I lived in a house with a large modern kitchen and four bathrooms," says AnnaMarie Ronning of Minneapolis, "But if I can find a house in the area I want, I will deal with an older style kitchen and survive with one bathroom with the... Continue Reading »

More Young People Buying Homes but Settling for Less

The economic recovery has brought with it significant improvements in the national housing market. And now many consumers are in a better position to buy a home after dealing with many financial problems just a few years ago. But with that change comes shifting demographics of who homebuyers generally are, according to... Continue Reading »

All-Cash Offers: Healthy for Real Estate Market, or a Hindrance?

By Kate Rogers With many pointing to the housing market as the backbone of the economic recovery, investors are flooding the market with all-cash offers and it's squeezing out many traditional homebuyers. "People are worried about the returns on alternative investments," says Karen Dynan, vice president and co-director... Continue Reading »

Bad at Math? You're More Likely to Lose Your Home

According to a study released Monday, math-challenged borrowers were five times more likely to default on their loans. "Whether you're good with numbers predicts how likely you are to default," said Stephan Meier, an associate professor of business at Columbia Business School, who authored the report along with economists... Continue Reading »

Pending Home Sales Reach Highest Level in 3 Years

By Christopher S. Rugaber The number of Americans who signed contracts to buy homes ticked up in April to the highest level in three years. The increase points to growth in home sales in the coming months. The National Association of Realtors said Thursday that its seasonally adjusted index for pending home sales rose 0.3... Continue Reading »

This Is Why Being a Homebuyer Really Sucks Right Now

It's not fun being a homebuyer these days. We've heard about rampant bidding wars all over the place and rapidly rising home prices -- which means homebuyers are having difficulty snagging the homes they want, and the ones they do get aren't as cheap as they might have been a few years ago. (Of course, all of that sounds... Continue Reading »

8 Key Facts About Your Mortgage APR

By Scott Sheldon Securing a mortgage today requires careful consideration of all the figures associated with the transaction. The biggest figures that most homebuyers pay attention to include loan amount, interest rate, closing costs and the one most benign to consumers, the annual percentage rate (APR for short), which... Continue Reading »

Homebuyers Clueless About Mortgages, Zillow Survey Finds

By Les Christie The housing market is heating up, yet many house hunters are not prepared to take on the biggest purchases of their lives. When it comes to mortgages, homebuyers answered basic questions about terms, how to choose a lender and financing wrong nearly one-third of the time, according to an April survey of... Continue Reading »

How to Buy and Sell a Home at the Same Time

By Brendan Desimone Now that the real estate market is picking up again, many people are looking to sell their homes at last. But when you sell, you have to move somewhere -- which usually means buying another home. Buying and selling at the same time brings up a whole new set of challenges, but those who plan well in... Continue Reading »

Millennials Forge Fresh Trends in Homebuying

By Barbara Mannino The housing bubble might have been one catalyst that contributed to the financial system imploding in 2008 which led to more than a million people losing their homes, but the American dream of homeownership is alive and well among Millennials, experts say. With interest rates and home prices sitting at... Continue Reading »

What Homebuyers Want the Most in Their New Houses

By Diana Olick Now that Americans are buying houses again, the nation's home builders are eager to find out what may have changed on consumers' wish lists and how the recession may have impacted overall attitudes toward lifestyle at home. From new construction to renovation and remodeling, consumers are clearly more... Continue Reading »

A Sign the Housing Recovery Just Might Stick

By Nin-Hai Tseng Investors armed with cash have largely driven the recovery of the U.S. housing market to date, but a few signs suggest that trend may be easing up. For the past five months, applications for new mortgages have risen, suggesting that regular buyers may be starting to play a bigger role in the housing... Continue Reading »

5 Worst Cities to Buy Foreclosures in 2013

By Jerry Kronenberg The U.S. foreclosure crisis looks like it's finally winding down -- great news for homeowners, but decidedly less positive for house hunters and real estate investors. "From the perspective of buyers, [some] markets might not be as attractive anymore," says Daren Blomquist of market watcher RealtyTrac.... Continue Reading »

Housing Market 2013 for Homebuyers: It's a Balancing Act

By Brian O'Connell Talk to any Realtor these days and you'll likely get an earful about "limited inventories." That's a big departure from the past few years, when home sellers were eager, for a variety of reasons, to pound those "for sale" signs into their front lawns. While existing home sales eased in December, the... Continue Reading »

Should Young People Buy Homes? Weighing the Pros and Cons

By ProfessorBaron.com If there's anything we've learned in the past few years about real estate, it's that property doesn't always go up in value. And because it doesn't, you shouldn't just buy property and assume that you're going to earn equity and wealth from that ownership. Instead, buying a home should be a personal... Continue Reading »

After Foreclosure, 3 Steps to Getting Back on the Road to Buying

By Samantha Debianchi Finding your dream home is truly a special and momentous occasion, but sometimes the honeymoon doesn't last. Just as money is the root of many divorces, it is also the root of many foreclosures. But once the long and tedious process is finalized, how do you get back in the game and find a new... Continue Reading »

Buying a 'Bad' Home: What to Know in Case You Buy a House of Horrors

When Justin and Kate Treher purchased their stunning, four-bedroom Tudor in Harrisburg, Pa., in June 2010, they were relieved. After a long search, they thought that they'd found their dream home -- located in a quiet, wooded area with a spacious layout and generous yard that "seemed perfect" for raising their... Continue Reading »

Hurricane Sandy Aftermath May Be Good for Homebuyers

By Brian O'Connell Hurricane Sandy is barely a whisper over the North Atlantic right now, but the damage done by the storm will be felt for weeks, and maybe even months, to come. According to the Oakland, Calif.-based economic forecasting firm Eqecat, Sandy will result in anywhere between $30 billion and $50 billion in... Continue Reading »

While Buyers Fill Housing Market, Mortgage Refis Are Dropping

With housing affordability still near an all-time high and many consumers beginning to feel better about their finances, interest in buying new homes has increased steadily in the past several months. That change was once again reflected in home loan applications filed nationwide, though overall activity fell as a result... Continue Reading »

Homebuyers Struggle to Find New Digs as Inventories Shrink

Editor's note: This is the first of a two-part series on the impact of shrinking inventories on buyers and sellers. In Part 1, Inman News reporter Andrea V. Brambila looks at how the scarcity of of listings in many markets is affecting buyers. Part 2 will look at impacts on sellers. Homebuyers nationwide are discovering... Continue Reading »

Housing Market Looking Up Across the Country

Many consumers across the country have been struggling with the housing market, either because they want to buy and can't get a mortgage, or because they want to sell but home values aren't high enough to cover their underwater mortgages. However, new trends in the market may be helpful to both buyers and sellers. During... Continue Reading »

5 Turn-Offs When Buyers Tour Your Home

By Brendon DeSimone A real estate agent's job entails more than assisting clients with the nitty-gritty details of buying or selling a home. Good agents also tour as many homes as possible. Knowing the local inventory gives them an edge over the competition and provides great value for future buyers and sellers because... Continue Reading »

Bankrupt But Still Want to Buy a Home? There's a Chance You Still Can

By Christopher Maag Steve Campbell took a big financial hit when his company went bust. Campbell and his wife went broke and filed for Chapter 13 bankruptcy, in which they would have kept some of their debts and continued making payments on them. But Campbell and his wife decided they didn't like the payment plan. The... Continue Reading »

Mortgage Closing Costs Fall 7% for Homebuyers

By Les Christie NEW YORK -- Federal regulations are helping to significantly reduce the amount new homebuyers are paying come closing time. The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey by Bankrate.com. At the end of June, a homebuyer looking to close on a... Continue Reading »

Wells Fargo to Pay $175 Million to Settle Case of Race Discrimination in Mortgage Lending

WASHINGTON -- Wells Fargo & Co has agreed to pay $125 million to resolve allegations it discriminated against certain borrowers on the basis of race and national origin in its mortgage lending, the U.S. government said on Thursday. Wells Fargo also agreed to contribute $50 million to help those buyers making down... Continue Reading »

10 Best Housing Markets for First-Time Homebuyers

By Andrea V. Brambila As a group, first-time homebuyers are a bellwether of the real estate industry and the economy as a whole. "What helps a first-time homebuyer is having a job and a good income to buy a home -- having hope for the future," said Mark Fleming, chief economist for data aggregator CoreLogic. In order to... Continue Reading »

>

AOL RealEstate on Facebook