buying a home: Don't forget to include these expenses when purchasing a home
- 04/28/11 06:23 AM
I work with many first-time home buyers and International buyers who are not familiar with the whole process of purchasing a home here in the USA. There certainly is a tremendous amount information to absorb, forms to sign & steps to follow. It can be overwhelming. Sometimes in the excitement people forget to think of all the expenses that are associated with life. They think only of the actual home expenses of the mortgage, insurance, closing costs and utilities and tend to set an unrealistic home price range. Here are some of the expenses to remember to include in your new home budget: Insurance: home, health, car & … (1 comments)
buying a home: Top 6 Cities Where Buying Is Better Than Renting
- 04/03/11 04:28 PM
Source: "10 Best Cities for Home Buyers," CNNMoney.com (March 28, 2011)Cities that had been hard-hit by the housing market crash now offer some of the best buys in real estate and where it makes much more sense to buy than rent, according to a new report from Deutsche Bank. The bank's study measures affordability by the share of income that Americans are paying to own a home as well as the cost of owning vs. renting. Here are six of the cities that topped Deutsche Bank's list. 1. AtlantaRent as % of after tax mortgage payment: 151.2%Median home price change, 2006-2010: … (3 comments)
buying a home: More Americans Confident About Home Ownership
- 03/09/11 04:40 AM
Americans are more confident about the stability of home prices than they were at the beginning of 2010, according to Fannie Mae's latest national housing survey, conducted between October 2010 and December 2010.. And when it comes to home ownership, younger Americans are particularly optimistic, the survey finds. Nearly 80 percent of all respondents, including home owners and renters, surveyed said they thought housing prices would hold steady or increase over the next 12 months-which is up from 73 percent in January 2010. In fact, survey respondents expressed more confidence over the stability of home prices than they did about the … (1 comments)
I work with many first-time home buyers and International buyers who are not familiar with the whole process of purchasing a home here in the USA. There certainly is a tremendous amount information to absorb, forms to sign & steps to follow. It can be overwhelming. Sometimes in the excitement people forget to think of all the expenses that are associated with life. They think only of the actual home expenses of the mortgage, insurance, closing costs and utilities and tend to set an unrealistic home price range.
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