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buyers

Home Owner Satisfaction Remains High

Daily Real Estate News | Monday, January 23, 2012 Nearly three out of every four home owners say they are satisfied with their purchase – and the No. 1 reason for their satisfaction is pride they feel about owning a home, according to HomeGain’s 2012 National Home Ownership Survey. In addition to pride, home owners also […]

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Is Renting Still the Better Deal?

“Renting is the cheaper way to go!” Is this widely believed “fact” still true?  According to the latest research, renters spend 5% more on housing than home owners.  To find out why it’s more logical to just buy a home, rather than rent, and how the times have changed, visit Renters Outspend Owners on Housing.

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Buying Is a Good Investment, If You Choose Right

Pessimists are implying that the housing market will never get any better and housing will always be a lousy investment. Are they right? Of course not, say experts at the Motley Fool finance Web site. In fact, the Fools predict that pretty soon housing will be a great investment because prices will have fallen to […]

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Buyers Shouldn’t Dismiss All ARMs

Potential home buyers in search of a mortgage are wary of all kinds of adjustable rate loans these days, but hybrid ARMs can be really good deals even in these times of historically low interest rates, some lending experts insist. Hybrids are “a great product at a great rate,” says Christopher Cruise, a mortgage broker […]

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Government Struggles to Keep Interest Rates Low

Mortgage rates are rising, despite the government’s efforts to hold them down.   The government can’t control all the factors that affect mortgage rates. Mortgage interest has climbed because more borrowers refinanced when rates fell and boosted the supply of mortgage bonds.   Experts also attribute rising rates to expanded borrowing by the government to […]

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Can You Still Buy Without a Fixed Mortgage?

Buying a house doesn’t necessarily require getting a 30-year, fixed-rate mortgage. More and more people are exploring alternative financing plans as it gets harder to get a conventional bank loan. Here are some creative ways to pay for a home, according to some financial experts: Securities-backed loans. The lender gives the borrower 80 percent of […]

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10 Cities Boasting Mini Sales Booms

Some cities that were hardest hit by the real downturn are experiencing mini sales booms.Las Vegas real estate properties are down 28 percent in price, but sales of homes are up 15 percent. Motivated buyers accounted for 64 percent of Las Vegas sales in October, says Radar Logic, a derivatives firm. That’s the highest rate […]

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Buyers Increasingly Suspicious of Foreclosures

Fewer buyers are willing to consider purchasing foreclosed property than they were seven months ago, according to a study commissioned by Trulia.com and RealtyTrac. Seven months ago, 54 percent of adults surveyed said they would consider purchasing a foreclosed home. In November, only 47 percent of adults say they’d buy a foreclosure. The chief turnoff […]

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Weather Delays Some Louisiana Home Closings

Some closings in New Orleans were delayed by the impending hurricane, mostly because buyers waited until the last minute to secure a homeowner’s insurance policy. Robert Bergeron, president of Crescent Title, said about a third of the company’s closings were delayed. Most of the delays involved insurance issues, but in a few cases the buyers […]

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Getting a Mortgage Tougher for Buyers

Difficulty in landing a mortgage is keeping many buyers out of the market.At the peak of the housing boom, about 20 percent of the mortgage market was subprime, and nearly 20 percent was “Alt-A loans” or “A-minus” loans, typically offered those with good credit but with high debt-to-loan ratios or little or no proof of […]

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