Home ownership costs in Leesburg, Loudoun VA

A Cost to Consider Homeownership, part of the American Dream: a home of your own where you can feel safe, raise your family, share with your friends and enjoy life. The benefits are easily recognizable but maintenance is just a real and should be considered. Property taxes and insurance are two of the largest expenses… Read More

Share of First-Time Buyers Falls to Lowest Point in 27 Years

Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released recently by the National Association of REALTORS®. The survey additionally found that an overwhelming […]

Ask the Expert: How to Prepare for a Home Inspection

Today’s expert Q & A is with David R. Leopold, owner of Pillar To Post Home Inspection located in Fairfield County, Conn. Q: What can homeowners do to prevent delays, uncomfortable situations and return visits as they go through the process of preparing for an inspection? A: While it’s important that homeowners don’t neglect the […]

Ask the Experts: How Can I Engage Consumers with Content Marketing?

Jason Doyle Vice President Homes.com www.homes.com Q: In terms of content marketing, what strategies must real estate professionals employ when it comes to engaging with today’s consumer? A: Today’s agents and brokers must have a Web and social media presence and create a content marketing strategy that sets them apart from others and helps them […]

Seventy-one Percent Still Say It’s a Good Time to Buy

Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it’s a good time to buy a home. While some would argue it’s always a good time to buy, conditions have turned to favor […]

Positive Equity Is Driving Down Defaults

Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms. The latest data from Lender Processing Servicers shows that the overall equity trend has been a very positive one. “LPS’ latest data shows that the share of loans […]

Real Estate Q&A: How to Get Out of a Land Deal Gone Bad

(MCT)—QUESTION: I bought a vacant lot a few years ago on the Internet, sight unseen. Turns out, the property is unusable because it’s on the edge of a development and on a deep slope. I found out that it is part of an association, and the dues now have exceeded the value of the property. […]

Freddie Mac CreditSmart® Online Tutorial Helps Prepare Future Borrowers for Homeownership

Freddie Mac recently announced a free, online CreditSmart(R) tutorial  to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices. CreditSmart is a comprehensive, multilingual financial education curriculum that has reached more than three million consumers in 44 states through lenders, churches, schools […]

Ask the Experts: What Should Home Sellers Do to Prepare for a Home Inspection?

We see it every day. Sellers who don’t take the time to ensure a smooth home inspection and who pay for it in the long run. The spring market is upon us. A little preparation can ensure sellers have great home inspections. Home inspectors typically arrive 30-45 minutes early to the home inspection appointment so […]

HARP Mortgage Refinancing Program Extended by Two Years

(MCT)—Underwater homeowners with Fannie Mae- and Freddie Mac-backed mortgages will be able to try to refinance their mortgages for another two years. The Federal Housing Finance Agency announced Thursday that Fannie and Freddie’s Home Affordable Refinance Program, which was set to expire Dec. 31, will be extended until the end of 2015. “More than 2 […]