Spring 2016 comes with a 5.1% increase in the sales of existing homes against the newly built residences in March from the previous month’s 1.5% from a similar period last year. The buyers closed on a total of 5.33 million of townhouses, single-family homes, condominiums and co-ops last month based on the seasonally adjusted figures in a recent report.
Real estate market activities in the United Kingdom have surged as many buyers and sellers tried to beat the stamp duty implementation. Both sales and mortgage lending figures rose more than twice in March compared to a year ago.
The reported volume for March was higher than February's annualized rate of 5.07 million. Previously, projected sales forecast was pegged at 3.5 percent or a volume of 5.30 million units for March. As reported, sales increased by 1.5 percent from last year's volume.
With the digital age overtaking many established markets, only time will tell until it reaches and dominates the real estate market. The main problem is, according to a report from CNBC, government agencies and established companies are too slow to adjust to the changing times.
The major obstacle to going green is the cost. The Forbes report, quoting CrediFi, estimated that an additional 10 percent to 30 percent cost would be shouldered by the developer.
Applying for a mortgage is a long and tedious process, which requires the submission of a handful of financial documents to prove your capacity to pay the loan. While having good credit scores is one of the requirements to getting an approved mortgage, having a full-time job also provides security for the lenders. Can you still get an approved mortgage if you do not have a full-time job?
House prices and rental rates have been increasing to a level that most residents of Bay Area could not afford. Many of them are ending homeless and pushed out of the city.
Oakland is in the middle of a housing affordability crisis. Skyrocketing house prices and rental rates have pushed many out of their homes and out of Oakland. To help address the issue, Oakland is planning to introduce a mechanism that has worked for other Bay Area cities.
Choosing the right mortgage for you is essential because this will determine your mortgage payments for the next couple of years or so. While there is no such thing as a “one size fits all” when it comes to mortgages, how will you choose between the fixed and adjustable-rate mortgage (ARM)?
The nominal increase was confirmed by the Mortgage Bankers Association and attributed the increase entirely on refinances done on existing loans. Compared to the previous week, the refinance loans had jumped by 3 percent on a seasonally adjusted basis. In the past four weeks, this segment's volume had risen by a total of 18 percent.
America's fastest-growing neighborhoods were identified by Realtor.com. With fastest growing, they point out to places where opportunities for jobs abound, neighborhoods are increasing, and new houses and apartments are being established to meet the locations' demands.
Financial advisers often say that one should save up for their retirement as soon as they land their first job. However, some people say that they are having a hard time following this because they are still paying off their student loans and mortgages. How can you save up for your retirement while paying off your mortgage and other loans?