realtors

Calculating the True Cost of Homeownership

Historically low mortgage rates are making houses more affordable in terms of "the monthly nut," but other considerations can trump simple affordability, and ignoring those hidden costs and risks can turn buying a home into a potential financial disaster.

U.S. Home Prices Rose Faster Than Expected in April

The U.S. housing sector improved a bit more than expected in April, as home prices in 20 major cities rose 3.8% on a year-over-year basis, according to the S&P/Case-Shiller survey. But is rising housing demand real, or was it a temporary surge from the now-expired home buyer tax credit?