homebuying - Articles

Homebuyers Gaining Bargaining Power as Inventory Increases

Shutterstock By Camille Salama Home values saw their smallest monthly increase since May 2012, up just 0.2 percent in January from December according to the latest Zillow Real Estate Market Reports. Year-over-year, U.S. home values rose 6.3 percent in January, down from peak gains of 7.1 percent in August 2013. This... Continue Reading »

Homebuyers Will See Less Competition This Spring, Experts Say

Shutterstock By Cory Hopkins Could homebuyers have less competition and an easier time to find the home of their dreams as the home shopping season begins to heat up? The answer is yes. According to data from the latest Zillow Home Price Expectations Survey, which surveyed 110 economists, real estate experts and... Continue Reading »

Zillow Mortgage Marketplace: 30-Year Rate Rises Again

Zillow By Alexa Fiander Mortgage rates for 30-year fixed mortgages rose again this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, up from 4.14 percent at this same time last week. The 30-year fixed mortgage rate hovered between 4.17 and 4.21 percent for the majority of... Continue Reading »

Home Renovation in a Foreign Country: 11 Keys to Nailing It

Shutterstock By Kathleen Peddicord Do you daydream about buying a home overseas to restore? Perhaps you could buy a farmhouse in France or a country home in Ireland that's a little worse for wear. Something charming, old, historic and in need of a facelift. I sympathize. I'm drawn to old houses in the way that some... Continue Reading »

How to Know If You Own the Land Under Your Home

Shutterstock By Brendon DeSimone When you buy a home, you probably assume that you own everything in and around it within the property lines. But in some parts of the country, homeowners are discovering the property they're buying does not fully include the land beneath it. For example, in Tampa Bay, Fla., a family... Continue Reading »

Why Getting a Low Mortgage Rate Is Mostly Up to You

Shutterstock By Scott Sheldon It's not surprising that interest rates recently rose as the Fed committed to reducing its mortgage bond buying starting this month. Most consumers know that there's a multitude of factors affecting a mortgage rate -- such as property occupancy, loan program and even property type. However,... Continue Reading »

Purchases of Existing Homes Level Off in November

Gene J. Puskar/The Associated Press By Christopher Rugaber WASHINGTON -- The number of Americans who signed contracts to buy existing homes in November was essentially unchanged from October, suggesting sales are stabilizing after several months of declines. The National Association of Realtors said Monday that its... Continue Reading »

Housing Market 2014: What Buyers, Sellers Should Brace for Now

Shutterstock By Donna Fuscaldo The days of record-low interest rates and bidding wars may be a thing of the past in the new year. "For 2014, we expect that affordability will be worse," says Jed Kolko, chief economist at real estate website Trulia. Experts say homebuyers and sellers should brace themselves for higher... Continue Reading »

Homebuying First Step: Define What You Mean by 'Home'

Shutterstock Selecting the right home to fit your current and future needs can be challenging. One of the first decisions you'll make is how you define "home." There are many options including a single family residence, duplex, multiplex, condominium, modular or mobile homes. Two of the most common choices are single... Continue Reading »

Homebuying: Money-Saving Strategies at Time of Purchase

Shutterstock By AJ Smith For nearly all of us, buying a home represents one of the biggest financial transactions of our lifetime. There's really nothing that compares to buying a home, since not only do we have to put up thousands of dollars of our own money but we also (usually) have to borrow much more than... Continue Reading »

How Much Should You Save to Buy a House?

Shutterstock By Scott Sheldon Buying a home is still considered to be a lifetime accomplishment. How much cash you're going to need upfront to do so is another story entirely. The funds needed to close the sale play an enormous role in your ability to get a home loan. If you're serious about buying a home or will be... Continue Reading »

Fixer-Upper Issues That Can Ruin a Mortgage Deal

Snowesq/Flickr By Scott Sheldon So you're buying a fixer-upper? The house looks good, needs some work and is in a desirable neighborhood. But what might seem like a great fixer-upper property could actually be a money pit. Let's look at some common, potential issues with a home that could easily derail an appraisal and... Continue Reading »

More Developers Quietly Keeping Mineral Rights Under Homes They Sell

Patrick T. Fallon/Bloomberg via Getty Images By Michelle Conlin and Brian Grow NAPLES, FLA. -- Robert and Julie Davidson fell hard for the gleaming new house at the Valencia Golf and Country Club in Naples, Fla. They loved the way the palm-fringed, Spanish-style home backed up to the fifth-hole fairway. And they were... Continue Reading »

Housing Trade Groups Lobby Against Lower Limits on Loans

Getty ImagesFHFA Acting Director Edward DeMarco By Margaret Chadbourn WASHINGTON --Two powerful housing industry trade groups are asking U.S. lawmakers to prevent a government regulator from lowering the limit on the size of loans Fannie Mae and Freddie Mac can back, according to a letter obtained by Reuters on Friday.... Continue Reading »

For Bigger Homebuying Value, Look in These Smaller Markets

With fixed mortgage rates rising by more than a full percentage point since May and more likely to go higher than lower, homes are becoming significantly less affordable for those not buying with cash. That means homebuyers still trying to take advantage of still-low mortgage rates might have to set their sights a little... Continue Reading »

Housing Markets Where Home Listings Spiked This Summer

realtor.com August marks the end of a very exciting homebuying season filled with dynamic changes in local housing markets. The season began with significant inventory shortages creating pent-up demand in local markets with buyers waiting eagerly for homes to come on the market. Sellers who were able to list their homes... Continue Reading »

9 Best Places to Retire

As the housing market keeps showing signs of a strong turn-around, it might finally be time for baby boomers and empty-nesters who want to downsize to feel confident again about selling their homes and relocating to some place sunny or near the water. Using data from Kiplinger's list of top states to retire -- based on... Continue Reading »

Hilltop Estate Is Like Living in a Video Game -- With Good Reason

With a style that's part castle, part playground, part observatory and all fantasy, it's no surprise to learn that this Austin, Texas, home is the creation of a noted video game developer, Richard Garriott. Originally constructed as a more-or-less conventional home in 1987, Garriott added secret rooms -- starting with a... Continue Reading »

Tech Rebound Lifts Silicon Valley Home Prices to New Heights

By Cadie Thompson Home prices in Silicon Valley continue to skyrocket, with little sign of returning to earth anytime soon, according to real estate experts. For the past four months, the average price of a single-family home in Santa Clara County -- the heart of Silicon Valley -- has been more than $1 million,... Continue Reading »

Improving Market Pushes Home Prices Higher in June

Nam Y. Huh/AP By Leah Schnurr NEW YORK -- U.S. home prices jumped in June and are forecast to ramp up further in the latest signs of a housing market that is on the mend, data from CoreLogic showed Tuesday. CoreLogic's home price index rose 1.9 percent from May and accelerated by 11.9 percent from June last... Continue Reading »

How Much House Can You Get for $150,000?

By Catherine Sherman With home values up 5.8 percent year-over-year, the national median has increased to $161,100. For prospective buyers, this raises the question: How much house can I afford? Is that starter home still within reach? To aid your home search, we've gathered for-sale listings around the U.S. priced in... Continue Reading »

Pending Sales of U.S. Homes Slip From 6-Year High

Gene J. Puskar/APIn this Tuesday, July 23, 2013, photo, a home is for sale in Mt. Lebanon, Pa. By CHRISTOPHER S. RUGABER WASHINGTON -- The number of Americans who signed contracts to buy homes dipped in June from a six-year high in May, a sign that completed sales could stabilize in the next month or two. The National... Continue Reading »

Home Inspection Horrors

Home inspection is serious business. But home inspectors have a wicked sense of humor. If you need proof, just check out this batch of "Postcards From the Field," the perennially popular feature of the American Society of Home Inspectors. From a wasp's nest the size of a basketball to a DIY electrical job that's truly... Continue Reading »

Criminal Past Turns Family's Dream Home Into Nightmare

After years of renting, Jonathan and Beth Hankins were excited to purchase their own home in Klamath Falls, Ore. They found their dream home in a neighborhood of young families. The house had previously been foreclosed on and needed some renovations, so they added a fresh coat of paint, re-tiled the bathrooms and... Continue Reading »

Bidders Take the Plunge as Tor Cottage Teeters on the Brink

Who wouldn't want an immaculate hillside home overlooking the sea for a fraction of the cost? But when that home sits on an edge of a cliff -- next door to a home that has already tumbled down the hill -- you'd think no one. But land is valuable, even with threatening landslides, as a four-bedroom home in England -- that... Continue Reading »

Jason's House, Trulia Set to Redefine Search for Real Estate Agent

One Texas company wants to revolutionize how homebuyers negotiate with their agents, particularly on one thing many buyers and sellers balk at: the amount of commission real estate agents make on a sale. Typically about 3 percent goes to the buyer's agent and another 3 percent to the seller's agent. On a $200,000 sale,... Continue Reading »

Chinese Buyers Flood U.S. Housing Market

By Les Christie Flush with cash, Chinese homebuyers are flooding into the U.S. housing market, and paying top dollar. "The Chinese came out really huge in the past year," said Jonathan Miller of Miller Samuel, a New York-based appraiser. Chinese buyers accounted for 18 percent of the $68.2 billion that foreigners spent... Continue Reading »

My Next Move: Since My Divorce

After 17 years of marriage, Mandy Walker was getting a divorce and debated whether or not she wanted to keep the house she had raised her family in. Financially, it was too expensive, and, realistically, it was too big for her to manage. So she put it up for sale, but had no luck in the real estate market. But she... Continue Reading »

Best Advice Now for Homebuyers and Sellers

Top real estate experts share their smartest tips on selling a home quickly and winning a bidding war. Sell Your Home Fast Underprice it from the start. If you list your home for at least 10 percent less than it's worth, you'll often sell it for 10 percent more. Buyers notice a house that's underpriced: They'll take it... Continue Reading »

U.S. New Home Sales Hit Fastest Pace in 5 years

By Martin Crutsinger WASHINGTON -- Sales of new homes rose in May to the fastest pace in five years, a solid gain that added to signs of a steadily improving housing market. New home sales rose 2.1 percent last month compared with April to a seasonally adjusted annual rate of 476,000, the highest level since July 2008,... Continue Reading »

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