Tag Archives: economy

New Home Sales Surge in December

New single-family home sales in December rose to their highest level in eight months and prices were the highest since April 2008, raising cautious optimism for a housing market recovery. The Commerce Department said sales jumped 17.5 percent to a … Continue reading

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Cities Where it’s Cheaper to Buy Than Rent

It’s cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia’s rent vs. buy index, which compares the total cost of home ownership to the cost of renting. “Since … Continue reading

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10 Hidden costs of owning AND renting a home

Everyone thinks that the costs of renting are limited to, well, rent! On the other hand, there is a laundry list of expenses we all know go along with owning a home. But many people aren’t aware of the hidden, … Continue reading

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What’s Happening to Mortgage Rates?

NEW YORK (CNNMoney.com) — The era of near 4% mortgage rates has ended after a quick rate rise since early November. But some industry experts think that may be a good thing for the flagging housing market. The average 30-year … Continue reading

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