Rising home prices aren’t the only thing that may give buyers sticker shock: Mortgage closing costs have soared nearly 6 percent over the past year. Find out where they’re the highest.
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For every $1,000 increase in the cost of median-priced new homes, an estimated 206,269 households are pushed out of the market, according to a new study by the National Association of Home Builders.
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Some of the nation’s fastest-growing cities are those where housing costs are lower than the national average, a reversal from the start of the millennium, when looser credit allowed cities to grow without regard to housing costs.
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The Millennial generation is larger than the baby boomers — 87 million versus 76 million — and they’re expected to be a huge force in the real estate market in the coming years.
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Connecticut wants to battle its high foreclosure inventory with new legislation that seeks to speed up foreclosures and expedite the sales process.
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Here are 12 things real estate practitioners should be doing to make sure they cover all their bases with clients.
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