Five big big banks agreed to help active-duty troops understand a 2003 law’s rules that allow them to have mortgage rates and some other debt fees capped at 6%.
Single homebuyers made nearly one-third of all 2013 real estate purchases, according to NAR. A survey finds their reasons are the same as those of married buyers.
Many Realtors seek small investors who own a few rental properties, but it’s best to get in on the ground floor – when they’re ready to make that first purchase.
Contrary to some consumer perceptions, it’s cheaper to live in Fla. than most Mid-Atlantic and Northeast states, according to a Washington, D.C.-based think tank.
Low asking prices rarely spark bidding wars and high prices languish on the market. Exact numbers imply little negotiation room, but round numbers do not.
The federal gov’t wants more low-income borrowers to qualify, and it has a plan: 23% of loans originated by Fannie and Freddie will go to low-income buyers.
RealtyTrac: Even with student loan debt, U.S. grads can buy homes in 96% of markets. But their incomes must rise 34% to compete with buyers without student debt.
KPMG survey: Almost two in three (68%) expect to increase capital spending in 2014, up from 60% last year; 44% find quality projects but insufficient returns.