realtor.com Flickr The Joint Center for Housing Studies at Harvard University recently conducted research about the correlation between homeownership and wealth. After the study was completed, they stated that “as a means to building wealth, there is no practical substitute for homeownership.” How does owning a home help to build wealth? Here’s
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9 Things To Ignore While House Hunting
Msn Flickr It can be easy to focus on the little things you see in a home that you don’t particularly care for and to miss the positive attributes of the home. It can be difficult to envision yourself in a home when you are surrounded by memories of a
Continue readingFinancial Advantages Of Owning A Home
Redfin Freedigitalphotos.net No inflation: If you rent an apartment for $1,800 a month and the inflation rate is about 3%, your monthly rent will increase to over $2,000 a month in just 5 years and you will have paid about $115,000 of your landlord’s mortgage in that time. When you own
Continue reading5 Tips For Single Homebuyers
realestate.msn.com Flickr.com 1. Stay within your budget- Buy a home well within your means and ensure that you can afford it even during lapses in employment that you may experience. 2. Be aware of maintenance- If you are concerned about lawn care and other exterior maintenance, you may want to lean towards
Continue readingWhat Groceries Do You Need When Moving Into Your First House?
Pantry items: Pasta, rice, oats, breakfast cereal, snacks, canned vegetables, canned fruit, beans, peanut butter, canned tuna, etc. Fridge items: Condiments, sauces, milk, fresh fruits and vegetables, cheese, yogurt, eggs, etc. Freezer items: Chicken, ground beef, fish, frozen fruits and vegetables, pizza and bread items such as tortillas and bagels can also be
Continue readingWhat Is An Escrow Account?
Redfin freerangestock.com An escrow account is a bank account used by the lender to pay your property taxes and insurance. Monthly payments are made into the escrow account at the same time that payments are made on the mortgage. The lender then uses the money in the escrow account to
Continue readingPlainfield Among Top Places To Own A Home
Plainfield Patch Flickr.com Plainfield is ranked one of the top places in Illinois to own a home according to a study by NerdWallet! Plainfield landed #2 out of 121 towns in Illinois according to homeownership rates, median household income, selected monthly owner costs, and population change. NerdWallet
Continue readingApril Housing Data
Re/Max National Housing Report Credit: Freedigitalphotos.net For the second consecutive month, April home sales increased from the previous month’s sales. Overall, April sales were 10.9% higher than March sales. Although credit availability and inventory are tight, April was the 13th consecutive month with fewer inventory losses than the month before.
Continue readingMarch Sales Increase As Do Home Prices
Re/Max National Housing Report Credit: Freedigitalphotos.net By: digitalart The housing report for March has come out and it bears some very encouraging news. March home sales increased by 24.6% over February sales. Every single one of the 52 Metro areas surveyed for the March RE/MAX national housing report experienced an
Continue readingBest Apps for the Home-Obsessed
www.naperville.patch.com Image from www.laurabenko.com If you are obsessed with all things home related like many of us are, here is a list of the top apps covering everything from finding a home to DIY projects: Zillow:
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