The Number of First-Time Homebuyers Hits Record Low, Survey Finds Getty Images Buying a home over the past year has been a bit like competing in “The Hunger Games.” First-time buyers faced off against investors and fellow purchasers wielding all-cash offers well over the asking price for a dwindling number of properties to choose from. […]
You Won’t Believe How This $3.4M Swiss Chalet-Style Craftsman Survived the Wrecking Ball MLS via Realtor.com A 1913 Swiss chalet–style Craftsman in Long Beach, CA, comes with a heckuva story. The 4,809-square-foot home with four bedrooms and four baths is on the market for $3,495,000 with Loree Scarborough of Compass. That’s the storybook ending. How it got […]
Mortgage Rates Just Hit a 20-Year High—and That’s Not the Scariest Part Design by Realtor.com / Getty Images (3) The housing market is a scary place these days. Ominous pronouncements are the norm: “The Fed will push until something breaks.” “Housing is in a free fall.” “It’s going to be brutal.” “This will end in […]
Calling All History Buffs: Here’s Your Chance To Buy a Pre-Revolution Home for Under $1M MLS via Realtor.com Calling all Lancaster County, PA, history buffs: One of the oldest, most storied homes in the area just came on the market for $799,900. The pre-Revolution-era dwelling known locally as the Martic Forge Mansion is quite possibly one […]
Yikes! Every Time Mortgage Rates Rise, Buyers Need To Make This Much More To Afford a Home Design by Realtor.com / Getty Images (4) For home shoppers who thought 2022 would be their year, a pervasive sinking feeling is taking hold. They’re realizing the monthly payment for a home they thought they could afford—perhaps just […]
Just in Time for Halloween: $1.1M Goth Castle in Wisconsin Lives Up to Its Name MLS via Realtor.com The Goth Castle located in Hudson, WI, lives up to its name. In fact, the Victorian mansion inspired the owner to decorate accordingly. “It’s currently a [vacation rental], and there are skulls and just lots of interesting […]
What Does Mortgage Pre-Approval Mean? A Major Advantage When Buying a Home Getty Images Getting pre-approved for a mortgage before you make an offer on a house is a smart idea. Why? For one, it can help you get a handle on how much house you can afford. Pre-approval can also help you stand out […]
Maui’s Most Expensive Listing Is This $35M Modern Mansion With a Whale-Watching Perch MLS via Realtor.com As luxurious as Maui, HI, is, many oceanfront homes are traditional Hawaiian architecture—and aging fast. That’s what makes this new listing—a 7,394-square-foot oceanfront property for $35 million—stand out, according to listing agent Chelsea Dimin, of Compass. “You don’t find […]
What Is Escrow? How It Keeps Home Buyers and Sellers Safe Dale Taylor/iStock In real estate, an escrow account is a secure holding area where important items (e.g., the earnest money check and contracts) are kept safe by an escrow company until the deal is closed and the house officially changes hands. Escrow is also a contractual […]
The Strange New Stumbling Block Tripping Up Homebuyers: More Listings, but Slimmer Pickings Allison Dinner / Getty Images While high mortgage rates are no doubt weighing heavily on many homebuyers’ minds right now, home shoppers might also have a gut feeling that something else is off, too. Something less serious than their financing woes, but […]
