The spring season has traditionally been one of the better times of the year to buy a house. The warmer weather brought prospective buyers outdoors and made that big-ticket purchase. But, this year, home sales in the spring might not…
If a deal is not reached on the debt ceiling by June 1, the U.S. government will default on its debt, resulting in higher mortgage rates. That is the prognostication from Zillow, which predicts mortgage rates peaking at 8.4% by…
Sales of existing homes declined by 2.4% during March, the largest monthly decline for existing home sales since 2012. This brings the overall number of existing home sales down by 22% compared to the same time last year. This is potentially a…
When people search for a new home, their primary concerns tend to be over things like price, facilities, utilities, size, and other material issues. However, if the property has a defective title, even the best real estate in the world can become a nightmare for anyone trying to buy or sell it. Here are five potential consequences of having a defective title on your property:
Economic analysts are left scratching their heads with a housing market that most agree is in a downturn, but which does not seem to follow conventional signs on what a cooling housing market looks like. While the housing market did take a sudden downturn after the Federal Reserve changed its policy on interest rates, there are some oddities that have bucked normal trends. This has left some analysts wondering where the real estate market could go from here, as they get ready for the coming new year.
Interest rates have been on the rise since early this year, and prospective homeowners have been feeling the strain. As a result of the increase in interest rates, some people have been reevaluating their decision as to whether they want to purchase real estate or not. But how is it that interest rates can affect your real estate transaction, and what should you do?