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Home Buying  // Browsing posts in Home Buying

Top 5 Tax Myths of Homeownership That Could Cost You

Top 5 Tax Myths of Homeownership That Could Cost You

Owning a home tops the dream list for most Americans, and for plenty of good reasons. It’s a shelter for your family, a gathering place for your friends and a good long-term investment. Tax breaks are also frequently cited as motivation for moving from renting to owning, and there are many ways a home can...

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Hollywood Hits the Market

Hollywood Hits the Market

Looking for a commanding view of the collapsing housing market? According to a recent article in the Wall Street Journal, some 138 mountaintop acres next to the landmark Hollywood sign in Los Angeles are going on sale Wednesday for $22 million. Abutting the largest urban park in the country –- and just west of the...

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11 Feb Posted by Don in Design, Home Buying | 1 comment

Home Buying with a Heart: Buy One House, Give One Free

Home Buying with a Heart: Buy One House, Give One Free

Donating money to charitable causes is all very well and good, but there’s usually an abstractness about it that makes one wonder if the funds are really helping those who need it. According to the folks at Springwise however, a new project by California eco-urban design firm LJ Urban aims to make giving more concrete—quite...

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Recent Housing Data Shows the Real Estate Numbers Ride

Recent Housing Data Shows the Real Estate Numbers Ride

According to RISMedia, another batch of dismal housing data hit the economy Tuesday, including worsening foreclosure rates, piling more pressure on the government to take action that could help pull real estate out of its tailspin. “We’re still in the middle of all this,” said Bob Walters, chief economist for Quicken Home Loans in Livonia,...

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Which is Right for You? Buying vs. Renting

Which is Right for You? Buying vs. Renting

No one knows what the future holds for you, your family, your job or your finances. But Bankrate.com can help you understand what you’re going to encounter when you embark on the sometimes-difficult journey toward the American Dream of owning a home. When you get that urge to buy a house, the first thing to...

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Offbeat Options for First-Time Homebuying

Offbeat Options for First-Time Homebuying

So you want to buy a place of your own but can’t figure out how to pull together the necessary cash and financing? If you’re willing to think creatively, MSNMoney offers us seven offbeat options for buying your first home: The Fixer Upgrade - When you can’t afford what you want, look for what you...

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More Mortgage Basics for Homebuyers

More Mortgage Basics for Homebuyers

Adjustable or floating rate, 15-year or 30? How much mortgage can you afford? These are just a few of the many questions home buyers will find information on in Yahoo! Real Estate’s How-to Guide of Mortgage Basics. So before you start mining for the perfect mortgage, make sure you have an understanding of the options...

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Housing Market Goes on a McMansion Diet

Housing Market Goes on a McMansion Diet

According to Iconoculture’s latest consumer observations newsletter, a backlash against Mansion Mania is taking place in America and is seeking to put the squeeze on house size. Here’s what they say is happening and their comments about what this means to business… WHAT’S HAPPENING More than 300 communities in 33 states have tried to limit...

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Noteable Quote: Recession-proof market? They do still exist!

Noteable Quote: Recession-proof market? They do still exist!

In a recent article in the Salt Lake Tribune, Dana Williams (Real Estate Broker and Mayor of Park City, UT) made an interesting comment on a place where two out of every three dwellings are second homes… “In tough economic times, when there is a downturn in the economy, people tighten their belts and don’t...

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15 Jan Posted by Don in Finances, Home Buying, Mortgages | Comments

Closing Costs Explained: Understanding Points, Rates and Fees

Closing Costs Explained: Understanding Points, Rates and Fees

Not only do you have to understand what type of mortgage you should choose when buying a home, you have to understand the costs associated with your mortgage. Yahoo! Real Estate explains a few of the costs that will be paid upon closing your mortgage. Purchase Points Purchase points, also known as a “buy-down” or...

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