Finance Blog
What Kind of Mortgage Can You Afford?
Written by Marianne Cusato on April 8, 2013
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During the housing boom, many homeowners found themselves living beyond their means as easy money skewed expectations of what they could afford. Today, being honest with the realities of the real estate market and mortgage landscape can feel like taking a step backward. So how…
Where Are the Best Markets to Buy a Foreclosure This Year?
Written by Steve Cook on April 8, 2013
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You want to buy a foreclosure? Where have you been for the past five years? Foreclosures are definitely on the decline as fewer homeowners are defaulting on their mortgages. The backlogs of foreclosures that built up during the Robogate mess are largely depleted, and more…
Low Inventories May Hurt Spring Real Estate Market
Written by Steve Cook on March 25, 2013
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In most real estate markets, home prices have risen 5 percent or so in the past year, but they are still lower than they’ve been in ten years or more. Prices are expected to keep rising, so for home buyers, spring will be a good time to make that long-awaited…
Homeowners Looking to Rent Out Their Houses May Have Help
Written by Ilyce Glink on March 12, 2013
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Many homeowners were left in a bind after the housing market crash, unable to sell their homes or relocate. But with the rental market heating up in many areas of the country, some companies are offering a new program that could be a help to some of these struggling homeowners. Ilyce Glink, Managing Editor of the Equifax Finance Blog, explains the details.
Preparing to Rent Your Home
Written by Ilyce Glink on March 11, 2013
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Deciding to rent your home instead of selling it is not an easy decision, particularly if you were not planning on becoming a real estate investor in the first place. Homeowners often make this choice when they have their backs against a wall—they cannot sell,…
Real Estate Market: Are We Becoming a Renter Nation?
Written by Ilyce Glink on March 4, 2013
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Is the U.S. shifting from a nation of homeowners (and aspiring homeowners) to a nation of long-term renters? It may depend on your perspective of homeownership. Homeownership has been trending down, while renters are snapping up vacant properties. In fact, according to the U.S. Census…
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