When you’re in the market for a new place to live, it helps to remember the golden rule of real estate: You’re not just buying or renting a home — you are also becoming part of a neighborhood.
All neighborhoods are not created equal and there’s no such thing as the perfect neighborhood; everyone has different needs and desires.
Millennials represent a powerful slice of the marketplace, and the real estate industry is taking notice. A research study on millennials conducted by Builder magazine and TRI Pointe Group found some surprising demographic insights. Pardee Homes put the study’s findings to use, building millennium-focused Responsive Homes designed to meet the unique needs of those born from the early 1980s to the early 2000s.
The first two Responsive Homes, a 2,514-square-foot contemporary farmhouse and a 3,194-square-foot contemporary transitional, have just been completed in Henderson, NV. While there are numerous upgrades and customizations that can be made to the homes, a basic contemporary-farmhouse-style home will likely start in the low $300,000s and contemporary transitionals in the mid-$400,000s. The model homes will open for tours Jan. 18.
Demand for real estate is high in sunny Santa Monica, California, with the majority of homes getting snatched up in just a few months. But with a median home listing price of $1.6 million as of March, Santa Monica real estate is expensive.
Using March 2016 data from real estate site Agent Ace, NerdWallet analyzed trends in Santa Monica. Whether you’re considering buying or selling a property, here’s what you need to know about the state of the real estate market.
For book lovers, there’s no such thing as too many books. Unfortunately, there is such a thing as too little storage. When your nightstand is piled high with books that may very well fall and crush you in your sleep, it’s time to reevaluate.
If you’re looking for storage inspiration, look no further than this “Bookshelf House.” Located in a suburb outside of Paris, the home utilizes books as the main decor element. Frankly, it’s a bookworm’s paradise.
Southern California home prices jumped in December, reaching the highest level in more than nine years.
An improving economy and a shortage of homes for sale propelled prices up 6.8% from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1% from a month earlier.
Having a full down payment ready to go can help you get the mortgage you want, secure a better interest rate, make your offer on a property more appealing to sellers, and avoid private mortgage insurance (PMI) costs. But there’s just one problem: Saving for a down payment can feel like an impossible goal, since 20% of the typical home’s purchase price is a large sum of money!
One of my favorite things to do when I travel around Southern California is drive through the neighborhoods and look at all of the unique architecture that pops up in each city. Many people think the houses in Southern California are nothing but stucco, but that is definitely not the case. Here are nine houses in Southern California that not only stand out architecturally, but most of them have a pretty interesting history as well. And because these houses are located in California, many of them have had appearances in movies and TV shows. You might even find that a few of these locations look very familiar to you.
AS she leafed through her client’s mortgage papers, the housing loan counselor just shook her head.
The numbers and interest rates and payment schedules formed such a familiar, dispiriting picture. The 32-year-old man who was sitting across the desk from her said he had been persuaded to take out an adjustable rate mortgage called an option ARM when he bought his home, the first he has owned. The terms of the loan put him in danger of joining millions of people dragged under by the mortgage crisis that has washed through towns and cities across the country.
Think you’re ready to buy a home? Congratulations! But before you start swooning over open houses, take a step back and ponder how you’re going to pay for your new digs. Odds are you’ll need to get a mortgage, and they don’t just hand them out on street corners, ya know. So what’s the secret on how to qualify for a mortgage, anyway?
To answer this, we’ve kicked off our step-by-step Stress-Free Guide to Getting a Mortgage—everything you need to know in order to make this essential, mysterious, and sometimes frustrating process work in your favor.