A new study found young homebuyers are twice as likely to use family money for down payment than they were five years ago. A majority still work for the money. SEATTLE – More than one-third (36%) of Gen Zers and millennials who plan to buy a home soon expect to receive a cash gift from … Read more
The best way to start a home search is by keeping a top 10 list of essentials and deal breakers. Also, consider your lifestyle, pets, location needs and necessary features, among other things. NEW YORK – Looking for a house to buy can be a daunting task. Buying a home is typically the most significant … Read more
Wealth passed down from one generation to the next provides financial security for children and grandchildren. Buying a house is one step in the process. NEW YORK – Generational wealth is financial wealth and assets that can be passed down from one generation to the next. Most people plan to pass on their wealth to … Read more
CHERRY HILL, N.J.— Despite lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024 and are ready to spend, according to an annual study from TD Bank. With home prices temporarily edging downward following their all-time high in 2023, according to the January Case-Shiller Index, TD’s … Read more
Selling a home before moving into an assisted living facility presents challenges not seen in other moves. Family members can help navigate the process to make it run smoothly. NEW YORK – Families must make a number of important decisions when an aging relative decides the time is right to move into an assisted living … Read more
President Joe Biden called for a $10,000 tax credit for first-time homebuyers and the construction of two million homes during his State of the Union address Thursday. WASHINGTON – President Joe Biden called for legislation that will lower homeownership costs, build millions of new homes nationwide and reduce rental costs. Biden, in his State of … Read more
A property appraisal is needed when mortgage financing is used to buy residential real estate. It acts as a market value reference point for buyers and current owners. KEY BISCAYNE, Fla. – A property appraisal is needed any time mortgage financing is used to purchase residential real estate. Often, an appraisal is ordered and everyone anxiously awaits … Read more
While easing, for-sale inventory remains tight in Florida and across the U.S. Buyers have to stay persistent and manage frustration levels during their home search. MERIDEN, Conn. – Ben Borecki and Raleighe Orszulak-Borecki, both 29, searched for about a year to find their perfect home. They visited over 20 houses and bid on five. Finally, the … Read more
FAU experts: Higher interest rates and less demand for office space are concerns. Businesses and workers moving to Sunbelt states like Fla. make them less vulnerable. BOCA RATON, Fla. – Sinking demand for office space in the commercial real estate market could lead to bank failures in parts of the country, according to two finance … Read more
WASHINGTON – Homeownership rates for racial minorities increased in 2022, with Asian and Hispanic Americans achieving historic peaks. Despite these advancements, disparities persist among racial and ethnic groups, notably with Black homeownership lagging. People of color continue to endure significant buying challenges throughout and after their home purchases, according to a report released today by … Read more
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