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Steve Cook is editor and co-publisher of Real Estate Economy Watch and was Vice President for Public Affairs at the National Association of Realtors. He is a member of the board of the National Association of Real Estate Editors. Twice he has been named one of the 100 most influential people in real estate. Cook provides public relations consulting services to real estate companies, financial services companies, and trade associations, including some of the leading companies in online residential real estate.
Many of the important differences between buying a condominium and buying a single-family home are obvious: living space, neighborhood type, yard, maintenance, convenience, amenities, security, utilities, and transportation. However, there are some lesser-known, and often overlooked, differences that should also be considered when deciding between…
Now that prices are rising and the number of homeowners defaulting on their mortgages has slowed to a trickle, you might think it’s impossible to find a deal on a foreclosure. There’s no doubt the foreclosure picture has changed dramatically in the past two years,…
You’ve saved for a down payment and worked hard to get approved for a mortgage. After months of looking, you find a great house that meets your needs and fits your budget. Your offer has been accepted. Then you receive a letter from your lender….
In January, 33 percent of existing-home sales transactions were all-cash purchases, according to the National Association of Realtors. Many of these cash buyers are investors, but an increasing number are move-up or first-time buyers who know they’ll get a better deal with cash if they…
Last year, home prices were on the rise, and consumer confidence followed. The upswing in home prices set high expectations for a continued housing recovery, and many homeowners saw a light at the end of the tunnel for the first time in a few years….
Last year, housing prices increased more than they had in seven years, and buyers’ markets turned into sellers’ markets overnight. In many cities and towns across the country, this price jump was a result of inventory shortages that forced buyers to compete over the few…