Consumers can have a lot of assumptions about the housing market. Some of those beliefs may cause them to miss out on a great house. HouseLogic.com recently featured some of the biggest misconceptions that buyers have, including:1. Assuming you need 20 percent for a down payment. Buyers who may be waiting to save 20 percent for a down payment on their home purchase may end up missing out. About 60 percent of home buyers actually put down less t
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Hogweed is popping up in more backyards, and environmental agencies are warning of the dangers of coming into contact with it. For those who do, the giant weed can reportedly give you blisters, cause third-degree burns, and even permanently blind you if you get in your eyes.The towering weed may look unassuming. Realtor.com® describes it as looking similar to Queen Anne’s lace. However, it can grow up to 14 feet high and it can reproduce quick
If you’re wondering whether heroes still exist in a world where greed and power seemingly reign supreme, we found five.The National Association of REALTORS®’ 2018 Good Neighbor Award winners have shown incomparable dedication to improving the lives of people in their communities and beyond, stepping in to provide aid in desperate situations when no one else could or would. They’ve waded through toxic floodwaters in Puerto Rico to pull Hurr
Everything is bigger in Texas. The Lone Star state boasted three of the top five cities with the largest homes in the country in new rankings released by LendingTree, an online lending resource.In fact, Southern cities in general tend to have larger homes than elsewhere across the country. Houston topped LendingTree’s list with a median size of 1,952 square feet, followed by Atlanta at a median of 1,914 square feet.Researchers from LendingTree
Consumers drowning in student loan debt say that it is delaying their purchase of homes—a concern most often faced by women and millennials, according to the sixth annual NeighborWorks America at Home report, a survey of about 1,000 U.S. adults.Rising costs has prompted overall student loan debt to climb 130 percent since 2008. Student loan debt has surpassed $1.5 trillion and now makes up 42 percent of all consumer debt, according to the repor
Members of the lesbian, gay, bisexual, and transgender community say they fear discrimination when buying a home and try to seek LGBT-safe neighborhoods if they were to buy, finds new research from Freddie Mac of more than 2,300 consumers.Surveyed LGBT community members were largely positive about homeownership. Three-quarters of LGBT renters said they believe owning is a good financial investment, and 72 percent said they want to own a home in t
The 30-year fixed-rate mortgage—the most popular loan for home buyers—is inching closer to the 5 percent range. The rise in mortgage rates coincides with years of home price increases. Could this erode affordability more and cause would-be buyers to sideline themselves from the housing market?The Mortgage Bankers Association reports mortgage rates have surged to 4.97 percent. When including fees, most 30-year borrowing costs have already rea
Higher rent costs are prompting some tenants to take part in rent strikes, which are often seen as renters’ last option to not get priced out. During a rent strike, tenants withhold their rent checks in an attempt to pressure landlords to negotiate rents and typically to improve building maintenance, too.The move forces landlords to comply or take each of the tenants who are striking to eviction court individually to argue their case. That mov
Amazon is partnering with homebuilders to bring its Alexa voice assistant to more new housing units as a standard smart-home feature. The online retailer recently announced it has partnered with Plant Prefab, a California-based company that uses sustainable materials to build prefabricated single-family and multifamily homes. The move comes after Amazon introduced more than a dozen Alexa-controlled smart-home devices, including a microwave oven a
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