DEAR BENNY: My husband and I own a condo in a seven-unit condo association. We have owned the unit since 2005. Recently, one of the unit owners asked us if we were interested in buying his unit. We made an offer and he accepted it. After the sale and purchase agreement was signed, the seller of that unit sent an email to everyone in our association that he was happy to announce that we are buying another unit in the building.
Boomers expect to stay in their homes and live independently into their later years, but in the midst of change that is occurring in their households, it's easy for them to lose focus on planning for their own future housing needs.
WASHINGTON (AP) - A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines have led more homeowners to refinance, a trend that could help jumpstart the economy.
Americans have learned a tough lesson: Your home is not your piggy bank. However, there is a reward for those who did build equity in their homes: In their senior years, their home can provide a monthly stream of tax-free income, or a lump sum of cash to spend as they wish, while remaining safely in their home. Or it can provide a source of financing for a new, smaller home.
One of the weather vanes that developers are reading when it comes to Manteca-Lathrop housing once was home to a bunch of squealing kids.
He (or she) who hesitates is lost! It's an old saying, and right now it applies to the housing market. Yes, the economic headlines are still gloomy, many are unemployed and foreclosures are actually rising. But paradoxically, those obvious facts are creating one of the best home-buying opportunities in history.
SACRAMENTO (AP) - Authorities will have more time and tools to investigate mortgage fraud under legislation Gov. Jerry Brown announced signing Tuesday.
WASHINGTON (AP) - A jump in sales of previously occupied homes and further gains in home construction suggest the U.S. housing recovery is gaining momentum.
Selling a home in today's market requires a bit of marketing, some sweat and elbow grease, and a touch of luck. But even in a competitive selling market, it is possible to turn the sign in your front yard from "For Sale" to "Sold" so you can move on to your next residence.
DEAR BENNY: I manage a condominium property where a previous board of directors had put in the appendix that when changes are made to the rules they must be submitted to the members for input prior to being passed and going into effect.
WASHINGTON (AP) - Sales of new homes in the United States dipped slightly in August from July but the median price of homes sold during the month rose by a record amount.
WASHINGTON (AP) - The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.
Do you wish you had a bigger bathroom? If so, you're not alone.
Soon after the foreclosure sale was done, workers were on the property within two to three days giving the inside of the house some facelift – painting the walls and other mini-fixes, placing sod on the front yard. They didn't even need to replace the sprinklers which were in working order. In a matter of days, the "lipstick" job was done.
Move over kitchens and bathrooms, homeowners are focusing on a new part of the home: the garage. No longer just a place to park the car and lawn equipment, today's garages are getting bigger and better. Here are a few quick and easy projects to create a useful and organized garage.
Don't sweat it if your home doesn't have central air-conditioning. Whether you live in an older house that can't accommodate ductwork, or you don't want to sacrifice your interior aesthetics with an unattractive air conditioning unit, you can still keep your home feeling - and looking - cool this summer with advanced air conditioning technology.
WASHINGTON (AP) - A key long-term U.S. mortgage rate dipped this week, the second drop after a large increase two weeks ago.
The addition of a new pet to the family is always a cause for celebration. Stress can occur, too, no matter how welcome the new addition. When you're thinking about adopting a pet from an animal shelter, some preparation can help ensure he or she is as safe and happy as possible.
As winter temperatures drop, the potential for higher utility bills goes up. Taking steps ahead of the cold season can help you trim costs and make your home more energy efficient, keeping those utility bills in check even as the winter weather rages.
Kitchen and bathroom remodeling projects can significantly add comfort, improve functionality and increase the home's resale value. Whichever reason drives homeowners to complete an improvement project, they need to pick one that also delivers a return on investment.