Some buyers are willing to accept an “extreme commute”—a minimum of two hours each way between work and home—in return for the tranquility of the outer ’burbs, a larger property, and more land at a lower price than the city. As The New York Times puts it, these buyers are following an old real estate adage: “Drive until you qualify.”“Technological changes have made it more possible to redefine the workplace,” says Mitchell L.
You don’t have to live in Boulder, Colo., or Kauai, Hawaii, to enjoy the outdoors to the fullest. Realtor.com® scoured the country to help home shoppers find the nation’s outdoor meccas.For its rankings, realtor.com® researchers limited the results to metros with median home prices under $300,000. (That’s why many locations out West did not make the list.) They also took into account the number of national parks within a four-hour drive;
Low inventory slowed down home sales last month, as buyers faced fewer options and record-high real estate prices, the National Association of REALTORS® reported Monday.Total existing-home sales, which include completed transactions for single-family homes, townhomes, condos, and co-ops, fell 1.8 percent in June to a seasonally adjusted annual rate of 5.52 million. Nevertheless, the pace of sales rose a modest 0.7 percent compared to a year ago.
In memory of the amazing talent of Chester Bennington and condolences.R.I.P. March 20, 1976 - July 20, 2017"Numb" is a song by American rock band Linkin Park. It was released as the third single from their second studio album, Meteora (2003), and is the thirteenth and final track on the album. One of Linkin Park's most well-known and critically acclaimed songs, "Numb" topped the Billboard Hot Modern Rock Tracks chart for 12 weeks. T
About 23 percent of residential homes built for one to four families are now owned by investors, according to a study recently released by REAL Trends, Inc., and NEXZUS Publishing Group. The vast majority of those homes are not owned by institutional investors but rather individual investors or small investment groups.The Iceberg Report outlines the size of the single-family residential market, as well as uncovers trends in terms of demographics
Real estate professionals in Abilene, Texas, are on edge after a shed on private property was found to contain a collage of more than two dozen head shots of women, mostly local agents, tacked on the outer walls and a nearby property fence. Agent Tommy Simons discovered the collage when he was visiting his listing next door.“I’ve known all those ladies a long time,” Simons told the Houston Chronicle. “That’s kind of weird and kind of
Following two weeks of rate increases, the 30-year fixed-rate mortgage settled back below a 4 percent average this week.“Continued economic uncertainty and weak inflation data pushed rates lower this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 10-year Treasury yield fell 5 basis points this week. The 30-year mortgage rate moved with Treasury yields, dropping 7 basis points to 3.96 percent.”Freddie Mac reported the fo
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions.“With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly sought after,” says Daren Blomquist, senior vice president at ATTOM Data Solutions.Forec
A two-acre property in Richmond, Texas, garnered 1.2 million page views in just two days for its unusual listing photos. How’d they do it?If you flip through the photos, you’ll see how “one of a kind” this five-bedroom, 5.5-bathroom home is. Nearly every room contains at least one mannequin, prompting the nickname “mannequin house.” The photos feature a mannequin sitting on a kitchen stool, peeking into windows from the outside, and
The most important specific easing will be an expansion of the maximum debt-to-income ratio (DTI) from 45 percent to 50 percentKey Takeaways To get 50 percent DTI you must have very high credit scores and cash reserves after closing.On July 29, Fannie Mae will activate an update to “Desktop Underwriter,” the software that analyzes borrower applications and grants approval — “DU” in shorthand spoken with reverence or disgust throughout t
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