In November 2023, the U.S housing market is becoming increasingly challenging for buyers due to high mortgage rates, steep home prices, and low levels of inventory. This situation is expected to remain the same in 2024, however, a drop in mortgage rates could spur the market for both buyers and sellers. Home prices, mortgage rates, and inventory levels will all shape housing affordability in the coming...

TD Bank and Navy Federal Credit Union offer home equity loans with APRs lower than the national average of 89.99%. TD Bank's loan terms range from five to 30 years with a minimum amount of $10,000, while Navy Federal Credit Union allows borrowers to tap up to 100% of their home's equity after current debt is deducted. Both lenders require a high credit score to qualify, and Navy Federal Credit...

Closing occurs in about 30–45 days post accepted offer....

Richmond County's median price: ↑3.9% MoM to $209K Median home size: 1,600 sq ft Price/ sq ft: ↓1.8% yearly to $128Median listings time: 45 days New listings: ↓10.8% to ~232...

Georgia offers strong economic growth and job opportunities, along with tax-friendly laws. It is among the best states to purchase property in the next 10-yr. Property prices have consistently appreciated, making it a good choice for investment properties....

Reverse mortgages are becoming a popular option for seniors on fixed incomes, allowing them to access their home equity without having to make monthly payments. A Reverse Mortgage for Purchase program also allows seniors aged 62 or older to purchase a home without a mortgage payment. To qualify, borrowers must have their required investment and pay property taxes, insurance, HOA fees, and...

In November 2023, buying a home is a difficult process with high mortgage rates and a low housing supply. However, following certain steps in 2024 could make it easier for homebuyers. Tips to consider include waiting until the second half of the year when there is potential for interest rate cuts, shopping for a mortgage online, and buying when ready instead of trying to time the rate...

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The Federal Home Loan Bank of Atlanta is making $8 million available in grant funding for a new program to help close funding gaps for affordable multifamily rental housing projects. The Multifamily Housing Bridge Fund (Bridge Fund) will offer up to $500,000 per project to member financial institutions and their community housing partners, with applications opening on November 8, 2023 and a deadline of...

Buying a home has become increasingly unaffordable due to high mortgage interest rates and a 29% increase in the average cost of a new home in the past three years. Chase Bank suggests that people can still purchase a home by following steps such as improving credit, picking a location to help budget, and saving for a down payment. To improve credit, it is recommended to pay bills on time, pay off past...