Apartments are getting smaller, yet renters are paying more. This troubling trend could become a growing problem for younger and lower-income individuals, especially those who wish to save up for a down payment on a house.
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Buying a home can be an exciting but often stressful process. Setting up showings, applying for mortgage financing, negotiating with sellers…it can be overwhelming if you’re not prepared. And if you’re buying around the holidays, there may be additional factors to consider. In today’s post, we’ll go over some of those factors and offer a few tips for managing the stress of buying a home during the holiday season. Here are five things to consider when searching for your dream home over the holidays: 1.) You Could Find a Great Deal The typical busy season for real estate is the
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After six straight months of declines, the number of existing-home sales crept back up in October, according to the latest data from The National Association of Realtors® (NAR). Total existing-home sales are defined as completed transactions that include singe-family homes, townhomes, condominiums and co-ops that are already built; i.e., not new construction. The number of these home sales increased 1.4 percent from September to a seasonally adjusted rate of 5.22 million last month. Sales remain lower on a year-over-year basis with sales down 5.1 percent. What’s behind the trend? NAR’s Chief Economist Lawrence Yun says greater housing inventory has brought
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