Contingencies allow buyers, under certain conditions, to renegotiate or even back out of a deal without losing money.
A report estimates that 1 in 5 homes sold in the U.S. goes to an institution like a pension or sovereign wealth fund.
Lower mortgage rates should help more people buy new homes.
New home sale numbers are out today from the U.S. Census Bureau. In a tight housing market, strong new construction numbers could be a boost to first-time homebuyers. Click the audio player above to hear the full story.
Floodwaters have displaced hundreds of people and lead to several deaths in the Midwest. Now the damage assessment starts. The National Flood Insurance Program helps homeowners buy affordable flood insurance, but it’s $25 billion in debt. Congress has a chance to reform it before it’s up for reauthorization in September, and those reforms could include […]
The real estate site Zillow has launched a new tool aimed at first-time home buyers on realestate.com. It features a calculator that adds up the expenses of owning a home, like property taxes and utilities — the kind of things that new buyers don’t always expect or budget for. It’s designed to help ease the […]
Existing home sales numbers for February are out today. January sales increased 3.3 percent to a 10-year high, but economists anticipate a dip for February, although that’s still up from last year. One factor: an improving job market. Click the audio player above to hear the full story.