Tag: buying

It’s happening: Young people are moving to golf communities

This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2021....

I’m a renter, but I also own an investment property. Should I cash out the equity to buy my own home?

Dear MarketWatch, I bought a house in my home state seven years ago. I purchased the home using an FHA loan and down payment assistance....

I want to move to a walkable, historic, four-season town and have a budget of $30,000 a year — where should I retire?

I am recently retired, and now that it’s a seller’s market, it seems like the perfect time to sell my home and move to a...

Mortgage rates drop back below 3% — here’s how much Americans could save by refinancing

Benchmark mortgage rates again dropped below 3%, giving Americans yet another opportunity to refinance, and lock in historically low financing. The 30-year fixed-rate mortgage averaged...

The vast majority of Americans expect home prices to rise — but most people think it’s a good time to buy a home anyway

Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup....

My wife inherited $800K. She put $300K toward our mortgage and $500K in her own bank account — after 35 years of marriage

Dear Quentin, I’ve been married 35 years. My wife is going to inherit $800,000 and told me she will use $300,000 to pay off our...

My wife offered to ‘loan’ me money when I was having financial trouble. Now I make six figures — and she refuses to pay any bills

Dear Quentin, I’m wondering if I am paranoid, or if I have reason to feel used. My wife and I have two kids and own...

How much income should you spend on homeownership? How to avoid being ‘house poor’

Andy Hill discovered he was house poor soon after he bought his first home in 2004. When Hill put 10% down on the 1,200-square-foot house...

Is now a good time to buy — or sell — a home? Here’s what Americans need to know about the hot real-estate market

With any purchase, people want to know if they’re getting a good deal. But when it comes to buying a home in today’s market, it’s...

How do you compete with home buyers who can pay in all cash? Skip inspections and appraisals

Alissa Resnick and Brett Banhazl’s experience buying a home will sound familiar to many Americans negotiating today’s housing market. The married couple began seriously searching...

My stepmother got nothing when my father died, per their prenup. She asked me to buy her a home. What should I do?

Dear Quentin, My dad recently passed away. My stepmother and he signed a prenup where she gets nothing. Because she has nothing, she has asked...

Yes, it’s possible to save too much for retirement

I never really liked the vehicles that I owned. They were an unimpressive lot, including a Volkswagen Beetle, Mercury Capri, Toyota SR5 pickup, Toyota Camry...

Fed’s Harker sees ‘significant slowdown’ in U.S. economy in first three months of year

The U.S. economy will likely experience a significant slowdown early in 2021, Philadelphia Federal Reserve President Patrick Harker said on Thursday. “On the national level,...

Federal regulators want to ‘modernize’ home appraisals — that could put some consumers at a disadvantage

A federal watchdog agency is investigating ways to modernize the process used to determine how much a home is worth. The Federal Housing Finance Agency,...

My wife pushed me into buying a home because she provided 2/3 of the down payment. Now I’m stuck in a house I hate

I have measured out my life with coffee spoons;I know the voices dying with a dying fallBeneath the music from a farther room.So how should...

I’m a 40-year-old teacher who doesn’t want to wait 15 years to retire. Can I live off the rental income from my three properties?

I’m a 40-year-old teacher who has invested wisely over the last few years. I have purchased three two-unit homes that bring in about $2,500 in...

DIY renovation projects offer the best return to homeowners — but there’s a catch

Thanks to the coronavirus pandemic, Americans have a lot more time on their hands — and they’re spending that time at home. Earlier in the...

I told my unemployed tenant about jobs. He said they don’t pay enough, and sits at home smoking weed. Now he wants a discount. What do I do?

Dear Moneyist, I have rented a house behind my own home to someone in the service industry who is out of a job because of...

My boyfriend is buying a house and does not want me to have equity. I’m moving in with him and selling my home — what should I do with the proceeds?

Dear Moneyist, My boyfriend and I are planning on moving in together. We each have one child and are planning on one more together. There...