Category Archives: Housing

Cities Where You Can Pay Off Your Mortgage the Fastest

Posted on by nawrbBlogger
Blog_cloudshouse
27 Jan

What are my payments, what is the interest rate and how long will it take me to pay this off? Those are the big three factors we all consider when we have settled on a significant new purchase and especially the biggest purchase of most people’s lives, a new home. The lowest the answer to these three questions the better for the homebuyer, who is typically on the hook for either 15- or 30-year mortgage agreements.

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Mortgage Rates Drop Further: Is This Hope for Potential Homebuyers?

Posted on by nawrbBlogger
Blog_interest
22 Jan

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for this week, mortgage rates have continued to drop for the third week in a row. The organization polls approximately 125 banks and lenders nationwide regarding fees, rates and closing discount points for different mortgage products like the 30-year fixed-rate mortgage (FRM), 15-year FRM and the 5-year treasury-indexed hybrid adjustable-rate mortgage (ARM).

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Picking the Right Accommodation: Hotels Vs Airbnb

Posted on by nawrbBlogger
Blog_hotelshomes
21 Jan

Airbnb, a San Francisco based “community marketplace” for travelers has revolutionized the way people choose to stay during a business trip or vacation. The human aspect of the deal is probably what attracts most travelers who prefer to live like a local rather than a tourist. But is the company staying true to their original vision, of connecting private parties who want to rent out their homes with travelers who prefer to stay in a home or shared lodgings while traveling?

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The Struggle with Housing Affordability

Posted on by nawrbBlogger
Blog_savings
19 Jan

The theme for the 2016 housing market is “the challenge of housing affordability coupled with expected modest economic growth,” according to a recent report from Fannie Mae’s Economic and Strategic Research (ESR) Group. The research group asserts that continued labor market demand will result in higher wages and job security in the coming year, and that banks will release more flexible lending programs making the process of obtaining mortgage loans easier for millions of Americans. These characteristics indicate a housing market on the upswing with happy, capable buyers; but it’s not that simple. Continue reading →

Will the Luxury Real Estate Buyer Please Stand Up?

Posted on by nawrbBlogger
Blog_luxury
14 Jan

The Department of Treasury announced on Wednesday that it would work to increase transparency in luxury real estate transactions. The Financial Crimes Enforcement Network (FinCEN) yesterday issued Geographic Targeting Orders (GTO) that will, for the time being, require selected American title insurance companies to identify the buyer behind companies purchasing luxury real estate properties in all cash in Manhattan and Miami-Dade County—two of the most popular locations for international luxury real estate investment. Continue reading →

How Much Of Your Paycheck Will Rent Take?

Posted on by nawrbBlogger
Blog_houses2
08 Jan

Americans spent $535 billion on rent in 2015, according to a recent report from Zillow. “That’s a lot,” you might be thinking, or, “So, what? A lot of people rent in this country.” Here’s some context for you; this is 19 more billions used on rent in 2015 than the year before, a near four percent increase from the $516 billion spent in 2014. The study analogizes that this $535 billion is nearly equal to the budget of the Department of Defense and is five times the amount that Americans put towards caring for their teeth in 2014. Continue reading →