My Blog’s Hottest Housing Markets May Surprise You just released its hottest market list. Compiled from June data, studied listing searches in each U.S. market along with supply, demand and prices. The list revealed surprises. For the first time in six years, California markets did not rank in the top five. “California is not as hot as it was. It’s because [...]Read More

Older Homes Can Still Gain an Edge

olderhomesThe 4,200-square-foot lakefront property Mark Parrish listed last August seemed like any home buyer’s dream. Twenty minutes outside of Minneapolis, it was more spacious than most comparable homes in the neighborhood, with four bedrooms and four baths, and had unobstructed water views. Though the basement was unfinished and the kitchen needed some updates—the cherry wood [...]Read More

Median Home Prices Reach All-Time High

homepricesHome buyers can expect to pay more than ever this summer, as the median existing-home price for all housing types hit an all-time high of $264,800 in May according to the National Association of Realtors. Rising values are being driven by demand from a flood of buyers in the face of a shortage of inventory. [...]Read More

The Inner Workings of Credit Scores

creditscoresConsumers are encouraged to check their credit reports once per year. The primary reason for doing so is to make sure there aren’t any mistakes. Unfortunately, credit reports are prone to contain mistakes. It’s not really the fault of the three main credit repositories, Equifax, Experian and TransUnion because all three are just a database. [...]Read More

Home Prices on Epic Run

homepricesHome sellers are partying like it’s 2006. Real estate prices posted an annual gain of 6.3% in February, according to the latest S&P CoreLogic Case-Shiller Indices. On a national level, home prices are up 6.7% from their peak in July 2006, and have been rising continuously for the past 70 months. “It’s getting increasingly difficult [...]Read More

How an HOA Can Affect Homeownership

HOAToo many people fail to pay attention to the impact HOA fees have on homeownership. HOAs are serious about collecting the fees owed to them. When fees are unpaid, it can have devastating consequences for current homeowners and people looking to buy another home who left unpaid fees at a previous community. According to the [...]Read More

Are Lending Standards Too Loose Again?

lendingstandardsWith home values appreciating at record rates, some are concerned that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done at the University of North [...]Read More

Safety Tips for Your Home While on Vacation

safetytipsAmong the fastest ways to kill a post-vacation buzz is returning home and discovering your house is in shambles. Maybe a water pipe broke and now you’re trudging through ankle-deep sludge. Perhaps a burglar slipped inside, ransacked the place and gallivanted away with your most valued possessions. Or it could be that you forgot to [...]Read More

You Can Still Find Homes for Less than $100k

homeslessthan100Home shoppers looking for a bargain can still score deals in some areas of the country. The Rust Belt and Midwest regions tend to have the highest percentage of homes listed for less than $100,000—properties with three bedrooms, two bathrooms, and a yard. “Bargains definitely exist,” says® Chief Economist Danielle Hale. “But buyers should [...]Read More

Finding the Perfect Home for First-time Buyers

firsttimebuyersLiterally, there are millions of homes for sale nationwide at any given moment. With so many options available, finding the best house can be a huge challenge. The key to purchasing your “perfect” home is keeping your interests top-of-mind and following this guide. Determine How Much You Can Afford The first step to shopping for [...]Read More