Five Great Things About HomeOwnership

Five Great Things about Homeownership
by Carla Hill

(Excerpt: www.realtytimes.com)

If you’ve been on the fence about homeownership, now is the time to take a leap! Don’t let the negative press deter you from one of life’s greatest joys.

Take a look at five short and sweet reasons that homeownership is great!

1. Equity. When you pay rent, you never see that money again. It is lining the landlord’s pocket. Yes, buying a home may come with some hefty initial costs (downpayment, closing costs, inspections), but you will make that money back over time in equity built in the home. Historically, homes appreciate by about 4 to 6 percent a year. Some areas are still experiencing normal appreciation rates. For the areas that have seen harder times since the recession, experts feel that the housing market will recover. Homeownership is about building long-term wealth. A home bought for $10,000 in 1960 is most likely worth 10 times that in today’s market.

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Underground Homes, Seriously What’s Up With That?

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California based Vivos, built an underground shelter featured in this post. Is this a trend for the future? What do you think?

Underground Homes, Seriously? – Realty.com Blog

Underground Homes, Seriously? Posted May 4, 2010 by Matthew Denton. You be the judge. Description. After watching 2012 on the big screen a couple of months ago, I wanted to demand my two hours back from the film’s producer. …

Publish Date: 05/04/2010 12:19

http://www.realty.com/blog/underground-homes-seriously/

Pending Home Sales Surge!

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Pending home sales have gone up for three consecutive months. This reflects the broad impact of the home buyer tax credit and the affordability of houses, according to the NATIONAL ASSOCIATION OF REALTORS®.

Due to the sizable number of home buyers who responded to tax credit incentives, but may not be able close on their home purchase by the settlement deadline of June 30, NAR has asked Congress to provide flexibility on the deadline for closing.

Los Angeles Real Estate Update: Surge in Pending Home Sales Continues

Surge in Pending Home Sales Continues. Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL …

Publish Date: 06/03/2010 15:56

http://larealestateupdate.blogspot.com/2010/06/surge-in-pending-home-sales-continues.html

How Long After Foreclosure Does It Take Before You Can Buy Again?

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How long after foreclosure does it take before you can buy again? Jay Brinkmann, chief economist for the Mortgage Bankers Association says that “It could be well over seven or eight years before walkaways are able to obtain a mortgage to buy a home again.”

For those that have either had a short sale, the time frame to qualify to buy another home can be considerably less. We encourage those home owners that are facing a foreclosure, to weigh all of their options, especially the short sale alternative.

After foreclosure: How long until you can buy again? « Rightways's …

After foreclosure: How long until you can buy again? May 28, 2010 — rightways. NEW YORK (CNNMoney.com) — Walking away from a mortgage you can still afford to pay has consequences; everyone knows that. Your credit score is shot and it …

Publish Date: 05/28/2010 3:49

http://rightways.wordpress.com/2010/05/28/after-foreclosure-how-long-until-you-can-buy-again/