According to the U.S. Census Bureau, 62.9 percent of homes are currently inhabited by their owners. This means that a majority of people would rather own than rent, which clearly draws a line between the two. So, exactly what is the difference between homeownership and renting?
(StatePoint) If homeownership feels like it’s beyond your reach, don’t throw in the towel just yet on the American dream. In the face of an ever-widening housing affordability gap, there are options you may not have considered, say experts.
“Manufactured homes are
Congratulations! You’re about to become parents for the first time! After you’ve digested the news and told the family, uncertainty and perhaps a touch of panic set in. What must you do to make certain that your house or apartment is as safe as possible for your new arrival?
At one time, many of us, especially in older homes, had an underground oil tank and thought nothing of it. It provided a well-heated home until EPA regulations made the homeowner responsible for any leakage into the soil. Since then, underground oil tanks have become a liability to both the sellers and buyers.
As a potential homeowner, you’ll have to complete many steps before you close on your new house. One of the final hurdles is coming up with the down payment, which combined with your home loan will allow you to cover the total purchase price of the property.
If you are working on
A little over 10 years ago, while attending a real estate event in Manhattan, a significant developer pulled me aside and handed me a paper written by an Ivy League professor. The professor and his students in the urban planning class had gone on a field trip to Israel to study Bat Yam, a rundown suburb of Tel Aviv and
When we were teenagers, many of us probably couldn’t think of anything worse than living with our parents for the rest of our lives. However, as we grow up and have our own children, we often find having our parents around isn’t bad at all. In fact, more people are choosing to live in multigenerational households, a practice
Back in the olden days, the caveman selected his cave, paid the seller a suitable number of stones or other equivalent societal goods, and moved his family into their new domicile. They were not overly concerned about the habitability of the cave beyond the need for places to cook, to sleep and as protection from the elements and from the
The recent international turmoil caused by “Brexit” has been a tremendous blessing for those in the United States who have been indecisive about their mortgage financing. The 10 year U.S. Treasury, one of the leading barometers of mortgage rates has reached historical lows, the likes of which we have never witnessed. Despite
Over the years, we have helped hundreds of families fulfill their dreams of purchasing a home in Israel. Ninety-nine percent of the time, we assist clients in purchasing or selling “traditional” homes that reflect the general housing stock in the neighborhood.
It’s almost summertime, so thoughts often turn to vacation homes, also known as second homes. Our family has owned one since before I was born, and I was the fortunate recipient of this home as a 21st birthday gift from my mom who was the previous owner. To ensure added privacy, I subsequently purchased wooded acreage behind the house.
No one puts their house up for sale hoping for an average offer. You want a good offer. A great offer, even. Dare we say it? You want an all-out, claws-bared bidding war that will push your home’s price well over what you’ve asked for in your listing.