With the average new home price in the U.S. coming in at more than $350,000, according to the U.S. Census Bureau, some people are scaling down. They're building tiny homes, complete with most of the modern conveniences of normal-sized homes, such as working kitchens and bathrooms. These homes are usually only a few hundred square feet and cost an average of $23,000, according to tiny house resource site TheTinyLife.com.
PITTSBURGH - Losing a home to foreclosure has left such a bad taste with some former homeowners that they have lost much of their will and desire to go through the underwriting process to get approved for a new home loan - even though years may have gone by since the foreclosure episode.
LOS ANGELES - When co-working firm Cross Campus opens an office in downtown Los Angeles in May, its tenants will include the typical startups looking for collaborative work environments, shared coffee bars and the flexibility of a short-term lease.
Lease-to-own contracts and land contracts are different legal ways to transfer occupancy of a property from an existing owner who does not want to occupy it to someone else who does but cannot immediately qualify for the financing required to purchase it outright. Both lease-to-owns, known as LTOs, and land contracts, known as LCs, offer wannabe owners the right to occupy a house for a period during which they can improve their capacity to qualify for the financing they need to complete the deal.
This article describes the three major decisions that must be made in taking out a reverse mortgage. The purpose is to alert potential borrowers to the information they will need to make the best decisions possible, and where to get it. A second purpose is to help those who are on the fence about whether or not a reverse mortgage is in their interest, to make up their minds.
Q: My husband and I live in a patio home. There is a common property area of about 15 yards behind our house. The builder planted royal palm trees in this common area. Fronds from a tree are causing unnecessary damage to the house and patio screen. Because we haven't had even a tropical storm, we went to the homeowners association meeting to ask the board to pay for the repairs. The board turned us down, saying our homeowner's insurance policy should pay. But the insurer also refused. Who is responsible for this?
Fewer people are moving into some of the country's most expensive areas, including San Diego, Silicon Valley, and some Washington, D.C., suburbs. At the same time, places where the cost of living is lower, such as Las Vegas, Phoenix and parts of Florida, are showing bigger population gains, new census data show.
Homebuilder Lennar has completed its purchase of the 613-acre Tree Tops property near Indian Land SC – a former camp for disadvantaged children – where it plans to build a gated “active adult” community of up to 850 homes, centered on a 10-acre lake and miles of trails.
The Rock Hill City Council will consider Monday selling less than an acre at the corner of East Main Street and Dave Lyle Boulevard to the partnership of Lat Purser of Charlotte and The Tuttle Co. of Rock Hill. The two are building the apartments at the former Woolworth store site, also on Main Street.
Regional real estate agents say the inventory of homes for sale makes for a sellers’ market, where buyers need to act quickly if they find the home they want. Home values, a reason some are reluctant to sell, have recovered, equaling or exceeding what they were worth before the recession hit regionally in 2008.