Tag Archives: buying home

Home Owners Overly Optimistic About Home’s Value

Seventy-five percent of home owners say they think their home is worth more than the agent’s recommended list price, according to HomeGain’s fourth quarter home values survey. Meanwhile, 63 percent of home buyers say homes are overpriced. Thirty-six percent of … Continue reading

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House Flipping is Back

Buying up homes, rehabbing them, and reselling them for a profit was big during the housing boom. But when the housing market started to slump, these house flippers in search of quick profits nearly vanished. As the housing market recovers, … Continue reading

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Mortgage Rates Hover Near Record Lows

Mortgage rates held steady for the most part this week, remaining near all-time record lows set last week, Freddie Mac reports in its weekly market survey. Here’s a closer look at national mortgage rate averages for the week ending Oct. … Continue reading

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Foreclosures Drop to 5-Year Lows

Foreclosures continue to do the opposite of what most analysts had predicted: They keep falling rather than rising. Foreclosure filings in September fell 7 percent from August and are down 16 percent from last September, RealtyTrac reported Thursday. Foreclosure filings … Continue reading

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Vacant Properties Stalling Housing Recovery

Vacant homes pose a major challenge to the housing and economic recovery, and greater solutions need to be explored for handling the high numbers of abandoned homes, says Elizabeth Duke, Federal Reserve board governor. Duke says that too many of … Continue reading

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How to Select Paint Colors for Open Floor Plans

By Jennifer Couch, Houseplansandmore.com Selecting paint colors for your walls can be a daunting task. There are so many colors to choose from! Some people simply feel stuck with the colors on the walls and live with them for years just … Continue reading

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Home Prices Continue to Rise Over Last Year’s Levels

More housing reports released on Tuesday showed home prices on the rise. The Federal Housing Finance Agency reported that U.S. home prices increased 3.7 percent from a year ago in the 12-month period ending in July. FHFA’s home price index … Continue reading

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Trim your home insurance premiums

Raising your deductible can help you in multiple ways. The higher your deductible — the amount you agree to pay out-of-pocket before the insurer begins to pay for a loss — the lower your premium and the less likely you … Continue reading

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Better Housing Market Improves Americans’ Finances

Americans are feeling the best they have about their financial situation in nearly four years, according to the latest CredAbility Consumer Distress Index, a nonprofit credit counseling service. The improvements in the housing market is lessening the stress on Americans’ … Continue reading

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Tax relief on forgiven debt set to expire Dec. 31, 2012

Unless Congress and the California State legislature take action, a break for mortgage principal forgiven in loan modifications or short sales will expire at year’s end. The mortgage debt forgiveness issue is only one of approximately 60 expiring tax provisions … Continue reading

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