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Five Most Common Questions About Mortgages

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Not exactly sure how a mortgage works? Not to worry. Realtor.com offers insight into the most common concerns homebuyers have when it comes to mortgages: 1) Do I really need a 20 percent down payment? The gold standard for a down payment is 20 percent, but there are plenty of ways to put down less and […]

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Why the U.K. Vote is Likely to Boost U.S. Home Sales

Foam house on top of mortgage application form

The recent vote by Britain to exit the European Union likely will result in continuing growth in U.S. home sales, with a slightly slower growth in home prices. According to a recent report by CNBC, the net effect will depend on location and price point, but the overall impact will benefit well-qualified buyers the most […]

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America’s 20 Hottest Real Estate Markets for June 2016

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Summer has barely started, but the residential real estate market already has delivered the most sizzling June in a decade. According to new data on inventory and user activity on realtor.com, homes for sale in June are moving off the market 2 percent more quickly than last year as prices continue to hit new record highs. Realtor.com […]

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California Housing Market Maintains Momentum in May

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California existing home sales rose slightly in May, moving above the 400,000 benchmark level for the third month in a row, while strained housing supply continued to push prices higher, according to the California Association of Realtors (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of […]

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Five Reasons Not to Fret Over Higher Interest Rates

Five Reasons Not to Fret Over Higher Interest Rates

With oil prices driving up inflation, it’s a good bet that the Federal Reserve will raise rates again in the coming months. But homeowners shouldn’t stress about modest rate increases. According to Inman, there are larger factors that can affect access to and cost of credit. More importantly, these are issues you can do something […]

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Six Mistakes Buyers Make in a Seller’s Market

Beautiful Kitchen in Luxury Home

Looking for a home in a market that favors sellers? You still can get what you want in a hot market, but you need to step up your game. Trulia.com offers six factors to consider if you want to avoid any potential mishaps. 1. Make your best offer Offering lower than asking price is a […]

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Homebuyers’ Biggest Worries Are Cost and Competition

Aerial view of the US coastline and city building

An increasing number of homebuyers are concerned about competition, according to a Redfin survey of 975 homebuyers in 36 states and Washington, D.C., conducted between May 17 and May 23. While affordability is the primary concern among homebuyers, almost 19 percent cited competition from other buyers as their top worry, up from 16 percent in February […]

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Number of Million-Dollar Los Angeles Homes up 8 Percent

Aerial view of the US coastline and city building

Since 2012, the number of U.S. homes priced at — or above — $1 million has risen from 1.6 percent to 3 percent, according to a recent report by Trulia.com. In L.A., the percentage of million-dollar homes is increasing at a particularly fast clip: About 16.3 percent of all homes in L.A. County now cost $1 million […]

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Foolproof Ways to Choose your Neighborhood and Up Your Value

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Deciding where to buy a home can be one of the most difficult decisions to make. According to a recent RealtyTimes report, if you have a built-in reason to choose one area over another (it’s close to work; it’s where you grew up and you’re emotionally tied to it; there’s a rumor about a professional […]

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Luxury Homes in the South Bay Are Top Sellers

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The Coldwell Banker Luxury Market Report that just came out reveals that the Los Angeles Metro area, primarily affluent neighborhoods such as Manhattan Beach and Hermosa Beach, is number two when it comes to the number of luxury homes sold in the $1 million-plus category, just behind New York City. The number of luxury homes in the […]

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