A Condo Versus a Single-Family Home: Which is Right for You?
An issue facing first-time and experienced buyers, the thought “Should I purchase a condo or single-family home?” crosses your mind at least once. Before you make a definite decision, consider the pros and cons of each: Condos For those wanting to live in an urban area, condos prove to be practical. These properties, with…
4 Ways Your Credit Score Influences the Home-Buying Process
When purchasing a home appears on the distant horizon, one piece of advice you’ll almost always hear is, “Polish up your credit score.” The housing crash in the late ‘00s turned the tide toward stricter lending. With it, buyers needed to have, among several factors, a score in the 700s to qualify for a conventional…
3 Reasons Why the Homeownership Rate is Falling
According to a Wall Street Journal piece, homeownership in the U.S. fell to its lowest rate in 20 years. Figures from the Commerce Department show that just 63.9 percent of all households owned homes – the lowest since 1994 and down from 65.1 percent from a year ago. By contrast, 2 million more households rent…