The Fed Finds Financial Rewards Follow Buying a House

It can feel a little like a trip to the shore in springtime, before the summer sun has warmed the water. The water might be okay—but it also might be bone-chilling! Most town residents will choose caution, and stick their toe in, first…
Deciding whether to buy a house when you have been renting for a …

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Jumbo Loans’ Share of U.S. Mortgages Notch 10-Year High

Inside Mortgage Finance is a periodical that precisely lives up to its name: residential real estate professionals can turn to it for the latest word on national trends inside the mortgage industry. Admittedly, this usually makes for pretty dull reading for outsiders (that is, everyone else); but one story in last week’s edition was interesting …

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Creative Kitchen Spruce-Ups Boost Home Marketability

Just as the kitchen is a magnet for family activity, when a town home goes up for sale, it’s the one room guaranteed to get rapt attention at every showing. Older local homes can be at something of a disadvantage here, especially when structural design elements prohibit their being transformed into one of today’s popular …

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Foreclosure Opportunities Reward Familiar Qualities

The local foreclosure situation is a good deal different from what we were discussing a few years ago when the tidal wave of 7.3 million foreclosures and short sales swept the nation. When The New York Times “Dealbook” recently pronounced that the supply of cheap foreclosed homes in America is dwindling, it came as news …

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Boomerang Buyers Emerge from 7-Year Limbo

There is a seven-year window for some past area homeowners—and it’s one that’s opening, not closing. The ‘window’ in question is the one that could activate town “Boomerang Buyers”—which would come as good news for the local home sales.
Some background about local Boomerang Buyers. It’s a term coined in the wake of the subprime mortgage …

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Novel Mortgage Concept Aims to Build Equity Faster

Something new is stirring in the ordinarily hidebound world of residential mortgage offerings: a new way of approaching the financing of home purchases. If successful, it might well shift the way some local mortgage contracts are written.
The experiment is known as the “Wealth Building Home Loan,” and it addresses a home-ownership problem that has been …

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Buying a Home gets Easier as Retirement Nears

One of the advantages of reaching retirement age is that your needs can be much clearer to gauge than they were in the past. When it comes to planning for buying a home in town, for instance, you no longer have to worry about many of the contingencies that created vast unknowns earlier on.
When we …

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5 Very Good Reasons for Using a Buyer’s Agent

They don’t teach this in high school, but maybe they should. The difference between a buyer’s agent and a seller’s agent can be pivotal, yet first-time home buyers have to figure that out on their own. You can read quotes on the web that say things like, “I looked for a buyer’s agent instead of …

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Minding Basics: Super Bowl Clichés that Help Home Buyers

Home buyers may not have been watching the Patriots’ squeaker victory in Sunday’s Super Bowl for the purpose of learning something about real estate, but at least one useful piece of wisdom did become evident: the enduring value of minding the fundamentals. Despite the harrowing last 20 seconds, when the power of Seattle seemed sure …

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International Home Buyers Might be This Area’s Next Prospects

Homeowners could benefit if the influx of international home buyers continues to expand. According to a study from the National Association Realtors®, the trend in that direction has been accelerating. In the most recent release covering the twelve-month period ending last March, foreign nationals are reported to have spent more than $92 billion in the …

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