Homeowner associations may be great for neighborhood maintenance, settling disputes and enforcing community guidelines, but every one of the benefits come with a cost: the association dues. A good chunk of American homeowners agree to pay them-nearly 25%, according to RealtorMag.org-but unlike the ... » Learn More about Your HOA Payments May Now Affect Your Credit Score
Home buyers
Military niche has younger buyers, bigger homes
Out of all adults younger than 35, the share of active-service military members who purchase a home significantly outpaces the share of non-military homebuyers. According to the National Association of Realtors® (NAR) first-ever study of military clients, the 2016 Veterans & Active Military Home ... » Learn More about Military niche has younger buyers, bigger homes
The Salary You Need to Afford a Home in These 25 Cities
In quite a few cities in the united states, you’ll really need to have a salary higher than the U.S. median income to afford an average home. The typical American would need to make a little over $51,000 annually to afford the median-priced home -including principal, interest, taxes and insurance-in ... » Learn More about The Salary You Need to Afford a Home in These 25 Cities
Renters up at night over housing costs, more so than homeowners
Oftentimes, studies focus on the financial strain homeowners experience while attempting to maintain their households. However a new Gallup poll says renters are almost twice as likely to worry about housing costs than homeowners. Sixty-three percent of renters who bring home $30,000 or ... » Learn More about Renters up at night over housing costs, more so than homeowners
What Can You Do If Your ARM Is Almost Out Of Time?
In the event the end of the term is approaching, it could be time to start considering refinancing, or even home shopping. For those who bought a home with an adjustable rate mortgage (ARM) thinking you’d sell the house prior to the ARM adjusted, you’re not the only one. Many people buy homes with ... » Learn More about What Can You Do If Your ARM Is Almost Out Of Time?