Home Buying

If you’re home shopping this winter and feeling frustrated, know that market inventory tends to hit a dry spell this time of year. But don’t fret: There are still deals out there. While everyone else is distracted by ski trips, hot cocoa and watching Elf...

The bill for closing costs is the final hurdle between home buyers and their new homes, and it can represent a surprising chunk of money. Closing fees run between 3% and 6% of the mortgage; that’s around $18,000 to $36,000 on a $600,000 home....

Buying a home wasn’t always this expensive. The average income-earner needs to spend a significant portion of their income on mortgage payments in order to buy a home pretty much anywhere in the U.S., but this ratio is exorbitant in California. In fact, the top home-price-to-household-income...

If you're a first-time mortgage borrower, you might be asking yourself, "What is MIP?" Home buyers considering getting a loan from the Federal Housing Administration will find MIP, or mortgage insurance premium, especially relevant because all FHA loans require insurance. Here's what you need to know about MIP,...

The most competitive, tightest housing market in decades may finally be loosening its grip, and that could put pressure on overheated home prices. The supply of homes for sale in the second quarter of 2018, the all-important spring market, rose at three times the rate...

If you're thinking about buying your first home, that pesky down payment has probably kept you awake more than a few nights. We get it—while a pre-approval is crucial for determining your buying power, it's the down payment that shows you mean business. But saving up...

The electricity you use to power your home can cost a pretty penny. The average family spends $1,900 a year on utility bills, according to the government's Energy Star program. But did you know that performing simple home maintenance tasks can substantially bring down the cost...

In my yearlong house hunt, I've toured countless homes, and that first visit is a lot like a first date. It can be going great, right up until you spot your personal deal killer—like a pack of cigarettes in her purse, or white socks with sandals. Check, please! Same thing happens when...

Renters in 2017 spent more of their income on rent, while homeowners actually spent less of their income on mortgage payments and associated housing costs. In California, both are paying way too much. Financial experts recommend a tenant or owner limit their cost for shelter to...