A new report indicates that sales of previously owned houses in the United States are declining at an alarming rate. According to the National Association of Realtors, the number of existing US homes sold in February was 5.08 million, a seven-percent decrease from January, which saw 5.47 million existing houses sold. Although a recent Bloomberg……
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Category Archives: Real Estate
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The New Housing Crisis: High Home Prices Keeping Prospective Homebuyers Out of the Market
Certain trends in the housing market suggest that things could get a whole lot worse before they get better for a lot of potential homebuyers – especially first-time homebuyers. If you are looking to purchase a home, whether it’s for the first time or you are a previous homeowner, you need to be aware of……
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Be Careful about Making an IRA Withdrawal to Finance Your New Home
One question that many prospective homeowners ask is: Should I tap into my IRA to help finance the costs of my new home? While it may seem like a good idea to tackle your immediate financial concerns – including the costs of the house you really want to purchase – you don’t want to get……
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U.S. Home Prices Rise, First-Time Home Buyers on Decline
Home prices rose by nearly six percent in January 2016, according to the S&P/Case-Shiller Home Price Index, which measures United States residential real estate prices. This was significantly higher than the rate of personal incomes, which has led to concerns about affordability for potential first-time home buyers. Although an increase in residential real estate costs……
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How to Make Your House More Attractive to Potential Home Buyers
This Spivack Law post is the second in a series of blogs providing tips for New Jersey home sellers who want to make their houses more appealing to home buyers. If you are thinking about selling your home, or if you are already beginning the process of selling your home, call Joel R. Spivack today……
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