Article Summary: Sales of new single-family homes in the U.S. increased modestly in August as prices continue to climb, making the housing market one of the strongest sectors of the post-Coronavirus economy. Sales of new single-family increased modestly in August, particularly in the South. However, new home sales continue to drop in the Midwest. The […]
Article Summary Sales of new single-family homes in the U.S. plummetted to a 14-month low in June. Also, sales in earlier months were lower then previously estimated. An increase in housing prices, expensive lumber and shortages of other building materials are impacting the housing market. Sales of new single-family homes drop Sales of new single-family […]
Article Summary A tax lien is the government’s subtle way of announcing to buyers it has a legal claim on the property until the tax debt is paid. Savvy property investors can find excellent deals at auctions. However, buying a house with a tax lien can be risky if you don’t know what you’re doing. […]
Article Summary: A shared equity finance agreement is an arrangement that permits two or more parties buy a property and share its ownership. It is typically used to help a relative or friend buy a home they couldn’t otherwise afford. If a lender is one of the parties getting a share in the equity, the […]
The housing market was in good shape this year — so good, in fact, that demand for homes to buy was greater than supply. Some would-be home buyers may have found themselves unable to purchase for a variety of reasons, even as other factors like low interest rates were attractive for buyers. So should you […]
If you go by the National Association of Realtors’ Housing Affordability Index (HAI), buying a home hasn’t been so affordable since 20131. The Housing Affordability Index (HAI) is probably the most-widely-quoted metric for housing affordability. According to the NAR, “The Housing Affordability Index measures whether or not a typical family earns enough income to qualify […]
The coronavirus pandemic is putting the jobs of millions of workers at risk. Last week alone 3.3 million people filed for unemployment. One of the main concerns is how people will take care of their mortgage and rent payments if they lose their jobs or see cuts in their hours and wages. This article provides […]
Home buying can be stressful, especially when you don’t understand which financing options are the best fit for you. While the most widely known home loan is a conventional 30 or 15-year loan, there are plenty of alternatives that you may not know about that may be a better fit for your needs. This article […]
The Federal Housing Administration (FHA), part of the Department of Housing and Urban Development’s (HUD) Office of Housing, provides guarantees on home loans to help more Americans afford homeownership. These loans offer three key benefits, low down payments, low closing costs, and flexible eligibility requirements. But, how can you qualify for an FHA loan in California? […]
FHA Loans Ohio Summary FHA mortgages provide flexible eligibility requirements. The maximum loan amount varies by county. See the limit in your county below. Learn how to apply for an FHA Loan in Ohio. List of lenders below. Are you looking for an affordable way to buy a home in Ohio? One of the most […]
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