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Tag Archives: Home Buyers

Top 10 Cities to Save for Down Payments

How much time does it take to save up for an average down payment? That could entirely depend on where a homebuyer is looking to purchase a home, according to a study. Here are some cities where it is easier to save up.

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Existing Home Sales Spring Back

After two consecutive months of decline, existing-home sales rebounded in February rising 3 percent, according to the existing-home sales report released by the National Association of Realtors (NAR) ...

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Desire Outweighs Necessity in the Home Buying Equation

In a new survey, more homebuyers cited that their reasoning for buying a home was personal choice—build equity, move to a good school district, have a larger yard or living area, secure a vacation home—than out of necessity. Twenty-six percent said sudden or unexpected changes to their life, such as pregnancy, marriage, divorce, a death in the family, financial hardship, or health reasons necessitated their purchasing of a phone, as opposed to the former 31 percent. Unsurprisingly, those who wanted to buy were more likely to secure a FHA loan to pay for their home, while those who felt like they needed to buy took a 30-year mortgage or paid cash.

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