Source: bizTimes — In Philadelphia, about a third of owner-occupied homes were valued at less than $125,000 in 2021. But that year, only about 2% of mortgages made in the city were the type generally used to purchase properties in this segment of the market,...
Source: Forbes Advisor — Calculating the price per square foot can give you an idea of the home’s value and help you compare it with other homes, even when they have different floor plans and sizes. Square foot pricing can also help you estimate the cost to...
Source: Houston Agent Magazine — Foreclosures continue to rise toward pre-pandemic levels, according to new data from CoreLogic, but mortgage delinquencies are down. This is a positive sign, indicating that foreclosures will likely trend downward soon....
Source: CNBC — There’s a lot that goes into the home buying process, especially if you’re a first-time home buyer. One criteria mortgage lenders use to assess your mortgage application is the debt-to-income ratio (DTI). Your debt-to-income ratio is a comparison...
Source: MSN — Buying a home is an integral part of the American dream. There’s something special — almost sacred — about the idea of owning your own property where you can raise kids and grow old with your spouse before passing on that property to your...
Source: Yahoo! Finance — For many years, homebuyers seized upon the option to purchase their first house with a loan backed up by the Federal Housing Administration (FHA). This allowed them to put down as little as 3.5% of the total cost upfront, which meant...
