Habitat Newburgh opens doors to a new life – News – recordonline.com

A summer Saturday afternoon. The sun shines widely over this block of William Street, where once fine, turn of the century homes have been abandoned, untended, blackened by fire. Litter huddles against walls occasionally inscribed with graffiti. Many windows are covered in torn plastic.

But today the residents — some of them, anyway — are out. A man stands at his doorway beside a rusted grill; three women sit on the stoop chatting. A few stand at the curb. All are curious about the goings-on across the street, where a bright yellow crane stretches up to the rooftops of two-story row houses, […] Read more

First-Time Home Buyer Incentive program kicks in on Sept. 2 | canada.com

The First-Time Home Buyer Incentive (FTHBI), announced in the federal government’s budget earlier this year, will come into effect on Sept. 2, with the first closing on Nov. 1, 2019.

The program will “help middle-class families get on the housing ladder,” says Bill Morneau, Minister of Finance, allowing eligible first-time home buyers who have the minimum down payment for an insured mortgage with CMHC, Genworth or Canada Guaranty, to apply to finance a portion of their home purchase through a form of shared equity mortgage with the Government of Canada.

For existing homes, the incentive will be five percent, […] Read more

Elko real estate brokers discuss housing market | Business

ELKO – Although the joint venture of Newmont Goldcorp Corp. and Barrick Gold Corp. for Nevada operations and recent mine layoffs and transfers are affecting the housing market in Elko County, real estate brokers say the impact is minimal, and the market is still strong.

“I do think there were some concerns about layoffs in the early spring. People were holding their breath to see what was happening,” said […] Read more

Homebuyers and sellers agree now is a good time to hammer out a deal

More Americans showed optimism in selling and buying a home in the second quarter, the National Association of Realtors second quarter Housing Opportunities and Market Experience (HOME) survey revealed.

Almost half of survey respondents (46%) strongly believed that now is a good time to sell a home, up from 37% in the first quarter. The recent slight increase in home prices is a contributing factor to the belief, according to NAR Chief Economist Lawrence Yun.

“With home price appreciation slowing, home sellers understand that the days of large price gains from holding an extra year are over,” he said.

Over a third (38%) […] Read more

Expert Tips & First Steps

Whether you’re finding a mortgage plan, saving for a down payment, negotiating a contract, or just shopping around, it’s all more manageable than you think, so long as you have the right resources on your side. Lucky for you, we’ve already done the work. We tapped Priya Malani, founder of financial planning firm Stash Wealth, for some expert advice on shopping for real estate, navigating cryptic mortgage jargon, and saving time with financial tools like Mint and Turbo from Intuit. Read ahead to find out everything you need to do before you gear up to make your big purchase.
[…] Read more

Data paints ‘compelling’ picture of foreign money skewing Vancouver housing market

Foreign money being pumped into the real estate market in Greater Vancouver has a strong correlation with unaffordable homes, according to new research from policy analyst Josh Gordon.

Municipalities in the region with the most non-resident participation in the housing market have the biggest gaps between average house price and average income, and are now showing the biggest slump in sales, Gordon concluded.

While Gordon’s conclusion in his newly published analysis may not come as a surprise to most British Columbians, he said new data from Statistics Canada provides for an even more “compellingly documented” case against foreign cash […] Read more

NAR: More Americans are ready to buy homes, but will this momentum last? | 2019-06-20

Homeowner optimism continues to trend upward, with new data from the National Association of Realtors indicating more Americans are ready to put their homes on the market.

According to the group’s second-quarter HOME survey, 46% of Americans strongly believe now is a good time to sell a home, up from 37% in the first quarter.

NAR Chief Economist Lawrence Yun attributes this jump in optimism to an increase in home prices, albeit at a moderate pace.

“With home price appreciation slowing, home sellers understand that the days of large price gains from holding an extra year are over,” Yun said.

NAR’s data indicates that homebuyers are ready to […] Read more

Consumers say now is a good time to sell a house

When it comes to the housing market, conditions that favor a buyer don’t always favor a seller. Right now, most consumers seem to think it’s a good time to be a seller.

A new survey by the National Association of Realtors (NAR) shows a big rise in optimism in the current quarter among home-sellers. Forty-six percent of homeowners said now is a good time to put a house on the market, up from 37 percent in the first quarter.

There could be several reasons for that sentiment. For one, home inventories remain constrained, giving buyers fewer choices and creating […] Read more

The Next Credit Crisis Will Hit Home Buyers Hardest –

The financial crisis of 2008 made it difficult for individuals to get the credit they needed to buy homes. It was also difficult to start businesses or get credit cards with reasonable terms without a sterling credit score and history. While changes have been made to avoid another severe crisis in the future, a downturn will happen at some point. When that happens, those who are looking to buy homes may be impacted the hardest.

Buyers May Already Be Overextended

As the economy started to gain traction after 2010, credit card companies and other lenders started to loosen their lending standards. […] Read more