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.
If you know a senior homeowner who is running out of money, a reverse mortgage might generate enough cash to allow them to stay in their home for many more years. Last fall, the Federal Housing Administration created new rules, and opportunities, for lower-cost reverse mortgages. Now that most lenders have launched these new products, it's worth an updated look.
When the weather conditions are just right, a relaxing evening spent on the porch or patio is perfect for enjoying good company and the beauty of the outside world. Wouldn't it be nice to enjoy these comforts regardless of the season?
In the fashion and design world, alternative materials that emulate high-end looks are trendy not only for their lower price point and low maintenance qualities, but thanks to advancements in design and technology, are often hard to differentiate from the real thing.
Now is the season for enjoying backyard BBQs and poolside parties with friends and family – not being trapped in the house for pre- and post-party cleaning. With a little planning, you can minimize time spent on daily chores and maximize time spent soaking up the sun and creating memories with guests.
When thinking about your dream kitchen, what finish style of cabinets come to mind? Is it rich dark stained cherry wood? Maybe a clean, crisp white paint? Do you picture yourself having a rustic kitchen complemented by different techniques?
WASHINGTON (AP) - The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers.