Nicholas Kennedy was in a rush to sell his condo in Sherman Oaks, Calif. He and his wife have a 3-month-old girl, and the couple wanted to be close to their families in the Dallas area. They met with area real estate agent Ben Salem about quickly offloading their four-bedroom, [...] Read more »
Affording a Home in Chicago: What Does It Take?
Trying to afford a home in the city can feel like trying to keep up with the Joneses. From Atlanta to Los Angeles to Portland, city homes carry high price tags and a lot of pressure. Chicago, however, has been developing a more affordable reputation due to lower mortgage rates [...] Read more »
Finding a new home in today's market
June 1, 2013 — This past week the news was a buzz about the recently released data from S&P/Case Shiller Home Price Index indicating home prices were on the rise. Some are calling today’s real estate market “hot” while others are advising caution. Joan Jensen, president and CEO of Central [...] Read more »
Making an irresistible home offer
You’ve found a home you can afford, in a great neighborhood with good schools. It even has a fenced-in yard for your dog. What could go wrong? Any number of things, ranging from a competing buyer’s all-cash offer to an insufficient earnest money deposit from you. In markets with houses [...] Read more »
Reverse Jumbo Mortgages Are on the Rise for Seniors
Some seniors with high-dollar homes are using reverse jumbo mortgages to raise cash without having to sell their property. Diane Masucci, a Morristown, N.J.-based reverse-mortgage specialist, says she often sees younger senior couples using payments from reverse mortgages to cover high property taxes or make improvements that would allow them [...] Read more »