The Qualified Mortgage (QM) rule was implemented in January of 2014. It is the one of several rules originated from the Dodd-- Frank Wall Street Reform and Consumer Protection Act that will impact the housing market. This law is intended to protect consumers by boosting underwriting standards, but ... » Learn More about QM Could Touch Many Borrowers
Foreclosures Falling, Home Price Growth Leveling-Off
A decrease in foreclosures has been a continuing all over the country, as the real estate market gradually recovers from one of the worst housing crises ever. The January Property Intelligence Report from DataQuick reveals that 31 of the 42 counties evaluated had fewer foreclosures compared with ... » Learn More about Foreclosures Falling, Home Price Growth Leveling-Off
Home-Flipping Comeback May Decrease This Year
The average gross profit for investors who bought a home and market it within six months increased about $10,000 last year, basing on the data firm RealtyTrac. (The figure shows the difference between the purchase and resale prices and does not take into account investments in the home, like ... » Learn More about Home-Flipping Comeback May Decrease This Year
ARM vs. fixed-rate mortgages: What’s right for you?
If you're investigating to choose between an ARM or a fixed-rate mortgage, you're not alone. Here's a primer on mortgage types. When it concerns buying a house, you need to make many decisions. You have to determine which community you want to live in, which school district, how much of a down ... » Learn More about ARM vs. fixed-rate mortgages: What’s right for you?
More house, more money
According to the National Association of Home Builders (NAHB), in the last four years, the typical size of new homes has increased 13.4 percent from 2,362 square feet in 2009 to 2,679 square feet in 2013. The Association also states that the share of new homes with a minimum of four bedrooms has ... » Learn More about More house, more money