Marketplace Money for Friday, August 23, 2013
Episode Teaser Image
For the next four weeks, we're going to talk about The American Dream. The phrase means something to millions of people: getting educated, moving up, retiring well and buying a home. This weekend’s show places home ownership under a microscope. What should you know before you buy? How should youthink about costs? And whether owning a home is the right decision for you. Plus, a game where you can test your knowledge of famous TV homes and a checklist for homebuyers out there.
Posted In: Housing, matching game
"Full House," "The Cosby Show," "Golden Girls" -- all of these TV shows featured noteworthy homes. Play our matching game and see if you can match each house with its TV show.
Posted In: Housing, first-time home buyer
Existing home sales topped an almost four-year high in July. So what should you expect to encounter as a first-time home buyer?
Posted In: Housing, Mortgages, Fannie Mae, Freddie Mac
The government is trying to wind down Fannie Mae and Freddie Mac, which could really change the mortgage picture out there. What can we expect to see if the government-backed companies go private or have a diminished role?
Posted In: Housing, affordable housing
Home ownership can be a way for low-income folks to punch a ticket to upward mobility. But many experts say that low-income people should build wealth in other ways before they take on a mortgage.
Posted In: Housing, Personal Finance
What resources are available for first-time home buyers? Is there a way to time the market right to take advantage of low mortgage rates? How can you know if you earn enough income to qualify for a refi? Personal finance expert Louis Barajas answers listeners' questions about home ownership. Plus, learn about 10 home buying mistakes you should avoid.