Is It Time to Buy a House? What the Latest Data Shows
According to a new Zonda survey, 53% of millennials rent as they wait for property prices to decrease. But here's the thing: according to the most current data, housing prices have reached a bottom and are again on the increase. Should you continue to hold off on purchasing a home till the cost is lower? If you consider what the professionals advise, you probably shouldn't.
Closing Costs for Home Buyers in California: What You Need to Know
Closing costs are an essential consideration when purchasing a home, and it's important to understand the fees involved. These expenses are typically paid by the buyer and cover various services such as appraisals, title searches, home inspections, loan origination fees, and more. These costs are typically paid at the closing of the transaction when the property is officially transferred from the seller to the buyer. In California, home buyers can expect to pay between 2% to 5% of the purchase price of the home in closing costs. These costs can vary depending on several factors, including the purchase price of the home, the type of loan, the location of the property, and other factors. By understanding closing costs and working with a knowledgeable real estate agent or mortgage lender, home buyers can prepare for these costs and ensure a successful home purchase.
Springing into Action: Homebuyer Activity Heats Up for the Season Ahead
With the arrival of spring, the housing market is heating up as more and more buyers enter the market. Mortgage applications are up, indicating increased consumer demand and a potential rise in home sales. Now is the perfect time for homeowners to consider selling their homes and capitalizing on the current market conditions.