Is it Better to Build a House or Buy one?

Is it Better to Build a House or Buy one?

Building a home rather than buying one has its advantages, such as the ability to customize it to your needs. However, the median sale price of a new-construction home in March 2024 was $430,700, according to the U.S. Census Bureau. This is significantly higher than the median sale price of an existing home during the […]

A Guide to Sell a House in Pennsylvania

A Guide to Sell a House in Pennsylvania

If you’re contemplating selling your home in Pennsylvania, you’re likely aware of one significant drawback: Closing costs in the Keystone State can be substantial, often exceeding 4 percent of the home’s selling price. While many of these costs are shared with the buyer, they still impact your potential profit. Given these expenses, you might be […]

All You Need to Know about National Association of Realtors (NAR)

All You Need to Know about National Association of Realtors (NAR)

The National Association of Realtors (NAR) is the largest trade association in the United States, representing about 1.5 million professionals in both residential and commercial real estate. Its membership primarily consists of real estate agents and brokers, but also includes appraisers, attorneys, property managers, and other professionals involved in the real estate industry. To become […]

Is It a Good Time to Buy a House or Wait?

Is It a Good Time to Buy a House or Wait?

Should you buy now or wait? That’s the pressing question for prospective homeowners in today’s volatile housing market. Home prices have been soaring, and the Federal Reserve’s efforts to control inflation have driven mortgage rates up significantly. This combination has led many potential buyers to opt for waiting. The National Association of Realtors (NAR) reported […]

All You Need to Know about the Community Reinvestment Act

All You Need to Know about the Community Reinvestment Act

The Federal Housing Administration (FHA) was established in 1934 to revive the struggling home construction industry and set lending guidelines. However, these guidelines included redlining and other discriminatory practices that largely excluded people of color from building wealth. Nearly 40 years later, lawmakers introduced the Community Reinvestment Act, aiming to level the playing field and […]

A Guide to Sell a House in South Carolina

A Guide to Sell a House in South Carolina

If you’re considering selling your home in South Carolina, you might have questions about recent headlines regarding real estate commissions. If you wait until the changes take effect at the end of the summer, could you potentially save significantly on commission fees? While you may not have to cover the buyer’s agent’s commission, depending on […]

Property Tax Rates by State: What to Expect in Your Area

Property Tax Rates by State: What to Expect in Your Area

All homeowners must budget for ongoing expenses beyond their mortgage payments, and one of the most consistent costs is property taxes. Typically, these taxes fund essential public services and institutions such as schools, parks, and infrastructure like bridges, tunnels, sidewalks, and roads within the municipality, county, or state. While some states may also levy taxes […]

A Guide to Sell a House by Owner in New Jersey

A Guide to Sell a House by Owner in New Jersey

Selling a home in New Jersey through a real estate agent is conventional, but it’s not your sole option. If you opt for selling your home on your own, you can handle tasks such as marketing your property, conducting open houses, and negotiating with potential buyers independently. This method, known as “for sale by owner” […]

Case-Shiller Index: Increases in Home Prices Reach Record High

Case-Shiller Index: Increases in Home Prices Reach Record High

Amid tight inventory and persistently high mortgage rates, U.S. housing prices are rising once again. The latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released on May 28, 2024, shows that annual home-price growth increased by 6.5 percent in March 2024. This figure is relatively flat compared to the previous month but marks […]