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Real Estate
Cost of 4-Bedroom Homes in the Most and Least Pricey Cities
Homes are one category where you cannot judge the cost by its cover. Housing prices vary wildly depending on geography — the same chunk of change can buy a 1,000 square-foot condo in one part of the country or a 5,200 spacious home in another area.
The 2009 Coldwell Banker Home Price Comparison Index was released this week, and it's an "apples-to-apples" comparison of the prices around the nation for 2,200-square-foot, four-bedroom, two-and-one-half bath, single-family homes.
7 Guidelines For First-Time Home Buyers
Just about a year ago, our financial system as we knew it was collapsing — Wall Street was in shambles. Things kept getting worse in pretty much every corner of the economy, and we're still trying to figure out whether or not the country has reached a state of recovery. The housing market has been particularly tumultuous, but many new buyers are taking advantage of lower home prices and finding themselves in escrow for the first time.
90210 Is Not the Priciest Zip Code
There aren't any classic TV shows following a group of loaded teens in Fisher Island, FL, but there are 475 well-off residents who call it home. The small community is famous for its Vanderbilt mansion and is full of sprawling homes that command a median sale price of $3.85 million. According to Forbes, Fisher Island (33109) is the priciest zip code in the US.
Where It Costs Less to Own Than Rent
We got some good economic news during the past week with announcements that July's new and existing home sales jumped significantly, beating analysts expectations. While buying a home isn't the best choice for everyone and not every American considers home ownership part of the dream, lower prices have made it an option for more people who want it.
Because the market has sunk deeply in certain areas, owning a home can cost nearly the same as renting.
The Skinniest House in NYC: Guess How Much?
Located at 75 1/2 Bedford St. in Greenwich Village, the narrowest house in NYC is 9 1/2 feet wide and 42 feet long (it's the center home, pictured left). The three-story, 990-square-foot house, once occupied by anthropologist Margaret Mead and poet Edna St.
Are You Hoping to Take Advantage of the Homebuyer's Credit?
First-time buyers hoping to take advantage of the homebuyer's credit are feeling the pressure to find a place soon. Eligibility for the tax credit states that the deal must be done before Dec. 1, and that deadline is creeping up quickly.
The 10 Strongest US Real Estate Markets
Bubble-induced regret has a lot of Americans kicking themselves over buying property at the wrong time. Some places managed to avoid the bubble trap and now have strong housing markets relative to the greater real estate picture.
BusinessWeek and Zillow.com ranked metro areas based on the number of single-family homes with increased values in the second quarter compared to the same period last year.
Gone Are the Days of the McMansion?
US home foreclosures are still occurring at record rates. July's foreclosures were up seven percent from June and 32 percent from a year earlier — one in every 355 households with a loan got a foreclosure filing. The jump can be partly attributed to the rising unemployment rate as people lack wages to pay their mortgages.
Would You Buy Property With a Boyfriend or Partner?
When it comes to real estate and major financial decisions there's no one right way to do things. Each person's financial needs, abilities, and goals are completely unique. Last week when Reggie Bush and Kim Kardashian split, she noted they were looking at houses together right before the breakup, but that she didn't want to live with someone until she's engaged.
10 Cities Poised For a Recession Comeback
While sometimes it's difficult to trust that economists' assessments are any more accurate than yours or mine, more than a few professionals have indicated there are signs the economy is stabilizing. The smarties at Forbes looked at the projected gross domestic product of metropolitan areas across the US, unemployment figures from the Bureau of Labor Statistics, and home prices, incomes, and affordability data from the National Association of Home Builders to determine the 10 cities best poised for recession recovery. To see which cities have the best odds, read more
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