Tips to Increase Home Appeal

What sells a home? Is it the price, location, or condition? The truth is that it takes a combination of all of these factors to make a sale in today’s market. Unlike boom era transactions, the seller is now in the passenger seat. Buyers today have a great advantage. A glut of homes in many […]

Mortgage rates ease again to new 2011 low

Rates on fixed-rate mortgages dropped slightly this week, hitting new lows for the year, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey. While lower rates often trigger applications for refinancing, purchase loan demand also picked up last week and was slightly stronger a year ago, a separate survey by […]

Costly Home Buying Mistakes

Buying a home is a big financial commitment – very likely, the biggest financial investment you’ll ever make. And if you don’t go about it the right way, you could end up making costly mistakes along the way. Here are five costly home buying mistakes: Trying to time the market bottom No doubt, the real […]

5 Ways to Go Green, While Saving Green, in Your Home

While making your home energy efficient is good for the environment, it’s also good for your wallet. According to the U.S. Department of Energy, consumers spend $241 billion annually on home energy and 1.2 billion tons of green-house emissions are released as a byproduct. The typical family spends $1,900 on home utility bills, and much […]

Common (and Costly) Mistakes Borrowers Make

Getting a mortgage can be daunting, especially when there’s a lot of your hard-earned money at stake. It’s critical to spend a few hours researching how a mortgage works (or at least as much time as you’d spend researching a vacation or a car purchase) before you begin the process. Unfortunately, nearly half of prospective […]

5 Key Concepts of Home Insurance

by Brandon Cornett If you plan to buy a home in the near future, you should be researching the various components of homeowners insurance. Why? Because you’ll need to have a policy in place by the time you close on the house. In fact, your lender will require you to provide proof of insurance on […]

Bills Aim to Stem Home Losses

Legislation intended to stem the continuing tide of home foreclosures was brought to both houses of Congress in January. Rep. Dennis Cardoza, D-Atwater, re-introduced a bill that would make it easier for home owners to refinance existing mortgages to net more manageable monthly payments. He proposed this bill, called the HOME Act, in 2009. Last […]

Homes are Getting Smaller, More Energy Efficient

What do home buyers want today and in the future? The answer: smaller, more energy-efficient homes. The average size of a new single-family home in 2010 was 2,377 sq. ft., down from 2,438 sq. ft. in 2009 and down from the peak of 2,520 sq. ft. in 2007 and 2008, according to U.S. Census Bureau […]

Foreclosure ‘Dual Track’ Snaring Home Owners

By Leslie Berkman, The Press-Enterprise, Riverside, Calif. Jan. 31—Four years into the nation’s foreclosure crisis, consumer advocates say hundreds, if not thousands, of borrowers are losing their homes in foreclosure while negotiating to lower their mortgage payments—or even while they are making payments on more affordable terms that they believe will become permanent. Such unexpected […]

Foreclosures to Hit Record Number in 2011