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Home Owner News Archive


On the Rise: Applications for New Home Purchases

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2014 shows mortgage applications for new home purchases increased by 2 percent relative to the previous month.  This change does not include any adjustment for typical seasonal patterns. ...


Home-Price Gains Decelerate in Many Metro Areas during Second Quarter

Home-price growth continued to moderate in many metropolitan areas in the second quarter and national year-over-year price appreciation is now at its slowest pace since 2012, according to the latest quarterly report by the National Association of REALTORS®. ...


Closing Costs Soar 20.8 Percent

While most homebuyers are focused on rising home prices, closing costs are rising nearly as quickly over the past three years, increasing by more than 20 percent since 2010, according recent information from Bankrate.com. Mortgage closing costs rose 6 percent over 2013 ...


Hot Property: ‘Mad Men’ Actor Vincent Kartheiser Puts a Little Something up for Sale

(MCT)—Vincent Kartheiser of “Mad Men” has listed his tiny Hollywood bungalow at $808,000. ...


Ask the Expert: How Can I Keep Energy Costs Down, Home Condition Up?

Today's “Ask the Expert” column features Jay Gregg, the Director of Marketing with Pillar To Post Home Inspectors. ...


A $1,000 Increase in Home Prices Keeps More than 200,000 Households Out of the Market

Each $1,000 increase in the cost of a new median-priced home price forces 206,000 prospective buyers out of the marketplace, according to a new study by the National Association of Home Builders (NAHB). ...


Five Housing Trends for Summer

(MCT)—It may still be hard to find the home of your dreams with the limited inventory for sale. But at least when it comes to getting a mortgage, you might have more options as lenders loosen some of their standards. ...


67 Percent of Consumers Plan Home Improvements in the Next Six Months: Survey

Nationally, 67 percent of consumers plan home renovations within the next six months, according to the latest realtor.com® Home Improvement Survey. ...


A New Challenge to HUD’s Reverse-Mortgage Program

(MCT)—The United States faces a retirement funds crisis: a rapidly growing number of people who retire without the financial capacity to support themselves during ever-increasing life spans. The Home Equity Conversion Mortgage (HECM) reverse-mortgage program, which allows older homeowners to convert some ...


Bipartisan Energy Codes Bill a Boon for Consumers

Bipartisan legislation introduced recently by Reps. Marsha Blackburn (R-Tenn.) and Kurt Schrader (D-Ore.) would help promote savings in commercial buildings and residential homes through the use of more cost-effective energy codes, which set energy efficiency baselines for buildings, according to the National ...


Costs to Incorporate Green Features

The cost to make a home green (energy efficiency, water and indoor quality, etc.) is higher than the cost of construction of other homes, and this differential may persist as more builders enter the green market. However, builder experience with green technique ...


The Dying Dining Room

The dining room isn’t what it used to be. ...


The Legal Ins and Outs of Buying a House with Someone

Many people consider buying a house together for many different reasons. Whether it is your first-time home or an investment property, buying a house together does have its perks. If done with care, this arrangement can be very beneficial in getting you a house that you may not have otherwise ...


Your Place: Though Home Sales Lag, Multiple Offers Are Common

(MCT)—I was talking with real estate agent Jane Wellbrock a few weeks back about the increasing number of multiple bids for what are, in most of the Philadelphia region, too few houses for sale. ...


What Is Sick House Syndrome, and What Causes It?

Sick House Syndrome occurs when a house can’t “breathe” and rid itself of indoor pollutants, resulting in poor indoor air quality – a “sick house.” Inadequate ventilation allows these pollutants to build up, causing potential health risks to the home’s occupants. Young ...


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