Tagged : homeownership

Found 7 blog entries tagged as "homeownership".

housemoney_volff_450realtor.com - A recent editorial in the New York Times focused on homeownership and wealth creation, drawing on research from the Joint Center for Housing Studies at Harvard University and concluding that “as a means to building wealth, there is no practical substitute for homeownership.”

But just why is homeownership so important to building wealth? Here’s what the researchers at Harvard found in their 2013 research, and what it means for you today.

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houseinhand_voronin_450realtor.com - For many home buyers, pre-qualification is the first step to buying a house.

But you shouldn’t put your feet up after the first step and expect everything to just fall into place: There’s plenty more to be done.

Here’s a straightforward guide for going from pre-qualified buyer to homeowner the smart way.

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houseinfingers_lehui_450zillow.com - Purchasing a home is an exciting time, especially for first-time buyers. However, the financial commitment is sometimes overwhelming.

Beyond the standard mortgage, taxes and insurance calculations, homeowners inevitably face unexpected fees, repairs and lifestyle adjustments when settling into their new homes. We asked a few financial bloggers to share their experiences and advice on the expenses of buying and owning homes.

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houseonmoney__voronin76_450zillow.com - Since buying a home is one of the largest purchases you’ll ever make, you need to enter the process with your finances in order. Or, what Barry Zigas, director of housing policy for the Consumer Federation of America, calls a “preflight check.”

Before you get your heart set on the home with the big yard or the condo in the city, you should take steps to demonstrate you have a stable financial situation and are a serious buyer. By doing a little financial housekeeping, it will help ensure your dreams of homeownership become reality.

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houseonmoney__voronin76_450homes.yahoo.com - One year ago, Trulia's Rent vs. Buy Report, released by online real estate aggregator Trulia, found it was 44% cheaper to buy a house than to rent. Today, the gap has narrowed, due in part to rising interest rates and home prices. The newest edition of the report finds that buying a home is now 38% cheaper than renting.

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1. Prices have nearly hit bottom.

2. Houses are affordable again.

3. Mortgage rates won't go any lower.

4. It's a buyer's market.

5. You may find a distressed property.

6. Homeownership is still attractive.

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builderonline.com - They may have watched the value of their parents’ homes soar then crash. And, chances are, they know someone who is losing their home to foreclosure. Still, the hope of homeownership is alive among people who rent and want to buy, according to a recent survey by PulteGroup.

The home builder’s survey results showed that 60% of renters who say they want to buy a home in the future have increased their intent to buy compared to a year ago. And 61% of that group says they plan to purchase a home within the next two years.

It also indicates that homeownership continues to be as much an emotional desire as a practical one. Nearly half said they wanted to own a home because they would like being able to call themselves homeowners.

To

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