Real Estate news & articles from Rock Hill, SC

Real Estate

Tom Reddin: Why are mortgage rates still so low?

We are now heading toward the end of the spring homebuying season, and mortgage rates remain near record-low levels. 2 hours ago

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Archive by category ''Real Estate

REAL ESTATE

Frantic housing market recalls boom times in battered Florida

The open house on a leafy street near South Miami featured a snack wagon with cupcakes and chilled beverages, but the real draw was the newly listed house for sale for $435,000.
REAL ESTATE

The Mortgage Professor: Escrow can raise costs, but add simplicity

Why did Jones pay more for his mortgage than Smith? One possible reason is that they borrowed at different times, when market conditions were different. Right now, the market is very favorable, but mortgages priced at 3.5 percent today were priced at 17 percent in 1980. There is nothing borrowers...
REAL ESTATE

Pick me, please: Home buyers writing letters to sellers

Some buyers are solving housing woes with prose.
REAL ESTATE

Foreclosure settlement checks seen as inadequate

Tyler Reid struggled to hold onto his Ladera Ranch, Calif., condominium during the recession.
REAL ESTATE

Real estate Q&A: Son's ex-wife won't go along with a short sale

QUESTION: My husband and I co-signed a loan for our son and his now ex-wife. Our son stayed in the home but fell behind on the payments, and the home was in foreclosure. His ex-wife discharged her mortgage debt through bankruptcy, but her name is still on the deed. Our son has deeded the house to...
REAL ESTATE

The Mortgage Professor: Cash-out loans can cost a pretty penny

Borrowers who withdraw cash when they refinance are viewed as riskier than those who don't, because the cash withdrawal indicates possible financial distress - and that perception can raise a borrower's costs.
REAL ESTATE

Once-reviled flippers could help heal some housing markets

Home flippers got a bad name during the housing boom. They sold properties for big profits in days or weeks, and the rapid price appreciation created a frenzy that led to the eventual bust.
REAL ESTATE

Assisted living industry rolls out welcome mat as boomers age

CHARLOTTE, N.C. - The economy is slowly recovering, home values are rising again, and baby boomers are turning 65 at a rate of nearly 10,000 a day.
REAL ESTATE

Real estate Q&A: With retirement in full view, try to avoid refinancing

QUESTION: I have five years left until I pay off my 30-year mortgage. I received an offer to refinance, which certainly is tempting, but I'm getting pretty close to retirement. Should I lighten my burden now or try to hold on for five more years?
REAL ESTATE

The Mortgage Professor: Borrowers should try to limit risk factors

Why did Jones pay more for her mortgage than Smith? One possible reason is that her mortgage had features that increase risk to the lender, which charged a higher price to compensate. I call these "risk factors." Potential borrowers ought to know what they are, how much of a rate penalty they will...