Frigid February Cools Off Monthly Home Sales
During harsh winter weather in February, nationwide sales of single-family homes fell to their lowest in nine months. So reports Reuters. New home sa
single-family
Hovnanian: Higher Mortgage Rates Will Just Lead to Smaller Homes
During an interview with CNBC this morning, Ara Hovnanian of K. Hovnanian Homes expressed that heâs not worried about higher mortgage rates hurting the housing market. In fact, the mega home builderâs CEO actually thinks weâre in the âearly inningsâ of the housing recovery, noting that housing starts are still way below the expected average [&hellip
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Only 36% of Buyers Can Afford a Home in California, Lowest Share Since 2008
As I warned over the past few weeks, affordability is becoming a major issue for the overheated housing market. And weâre finally beginning to see a few pieces of data that back up these concerns. This morning, the California Association of Realtors released a troubling report about housing affordability in the Golden State. The group [&hellip
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Millennials: Ready to Buy a Second Home and Rent Out Your First?
You’re ready to move on, but that doesn’t mean you have to let go of your first property.
New Construction or Existing Homes: The Pros and Cons of Both
Some people hate hand-me-downs; others like things with a history. When it comes to housing, new construction has a never-been-touched attraction, while existing homes have stories to tell. For every advantage of buying newly built and existing homes, there’s a flip side. For example, newly constructed homes tend to cost more than similar pre-owned homes, […]
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New Construction: Different Types for a Variety of Buyers
Shopping for a new-construction home? One of the first things to decide is what type to choose: a custom, spec or tract home. Ask yourself if you want to help design a home that’s a perfect fit or fit into one already built. As you begin your search, here are some pros and cons to […]
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Picking the Kind of Home That’s Right for You
What type of home fits you best? There are pros and cons for each one: single-family detached, townhouses, condos and co-ops. It will come down to what works for your life â and your finances. Single-family detached This is a free-standing, unattached dwelling that usually rests on a lot larger than the home itself, which […]
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