What is a Foreclosure? When buying a home, many people take out a home equity loan or borrow from a bank or mortgage company to cover a portion of the purchase price. Often, people combine their mortgage loan with a home equity loan when refinancing. Failure to make loan payments may result in your lender […]
Category Archives: Housing
Inflation and House Prices: What Homebuyers, Sellers, and Renters Need to Know
June 1, 2022 by Jamie Forbes Prices are up almost everywhere – from food, to gas, to home prices. In February 2012, the nationwide median sale price of a house in the U.S. was $160,000. More than ten years later, that number is up to a record $423,000. Homes in markets like Seattle, WA, regularly face bidding wars, while nationwide, nearly 6,000 have […]