Visit houselogic.com for more articles like this.
Copyright 2015 NATIONAL ASSOCIATION OF REALTORS®
Read more: http://members.houselogic.com/download/web/#ixzz3mUWLDSaF
Follow us: @HouseLogic on Twitter | HouseLogic on Facebook
“Home Buyers returning in droves”
They’re back! Eight years after the real estate bust, many past homeowners who lost their homes have rebuilt their credit and are back in the market forming America’s growing ranks of boomerang buyers. In the next few years, these buyers will form one of the most important segments of the real estate market. About 700,000 of the 7.3 million homeowners who went through foreclosures or short sales during the bust have the potential to get a mortgage again this year.
The home-ownership rate in the United States reached an all-time high at 69% in 2007 but has dropped to a rate of 64%. With the large number of Boomerang buyers returning due to short wait periods, home-owner percentage will soon increase. We are now seeing 2-3 year wait periods to qualify after a foreclosure or short sale and 1 to 3 years after a Bankruptcy.
If you’re on the side lines paying the increasingly high rental prices, consider your options. When is the last time you talked to your loan broker?
September is back-to-school season for many families throughout the Country. Not only does this mean school-aged children going back to school but, also recent high school graduates going off to college. Part of the process of going to college is finding a place to live. While some students choose to live on campus, others decide to rent a place off campus with friends or, same-aged family members.
Whether you are a home owner with rentals or, you are a college student or parent of a college student looking for a rental, here are some areas of the home to check when doing a walk through:
Starting a college journey can be very exciting. If you plan on renting off campus, make sure to follow these tips to ensure that the rental you live in will serve you well through your college career.
Summer is a busy time of the year for buying and selling homes, or moving from one rental to another. Whether you are moving because you’ve bought a new home or, because you have outgrown your rental and need something bigger, the summer is the perfect time of year to do it.
Homes with additional features like sunrooms or swimming pools are especially interesting to home buyers and renters because of the additional recreation they offer the family. But, sometimes the home has been sitting unoccupied for a period of time, and it is important to be cautious about the electrical safety of the swimming pool. In fact, it is important to be cautious about electrical safety around a swimming pool in general.
Here are some tips that you can follow if you land in a home this summer that has a swimming pool:
Having a swimming pool at a new home can be a great way to spend time together, get some exercise, and enjoy the outdoors. But, it is important to be safe around the pool, not only from water accidents but, also electrical accidents. Follow these tips for keeping your backyard pool time safe.