Renter households have been on the rise and home-ownership has fallen among young people since the housing crisis. A new study from Fannie Mae’s National Housing Survey states that younger renters would rather own a home than rent for both financial and personal lifestyle reasons. The reason many younger people are renting is not by…

Experts have given a few tips that homeowners can use to help cool their homes this summer, and save significant money. Replacing air filters on a regular basis is advised, and can help keep your home cooler while saving electricity. A dirty air filter can decrease the cooling system’s efficiency by 2%. Adjusting the thermostat…

Two senators are working to change specific reverse-mortgage rules in an effort to keep heirs safer from foreclosure. A growing number of heirs are facing foreclosure after receiving confusing information regarding their parent or grandparent’s reverse mortgage after the borrower has died. Senators Barbara Boxer and Charles Schumer are pushing for the housing department to…

Profits from flipping homes are increasing. The profit for flipping a home has jumped 30% making the average sales price in this year’s first quarter $55,574 higher than the purchase price from last year, according to RealyTrac. Daren Blomquist, vice president at RealtyTrac said, “slowing home price appreciation early this year in many of the…

Remodeling spending is increasing and currently up 30% from its lowest point, and single-family construction is showing signs of improvement, as well. According to recent data, a home improvement project that cost $50,000 in 2010 has now increased to $60,000-$70,000. The costs of materials and labor have grown, and in order to find the best…

Foreclosure rates in the U.S. have fallen, according to current data. Home foreclosures decreased 37% year-over-year, averaging 720,000, down from 1.1 million in early 2013. CoreLogic’s most recent National Foreclosure Report states that there were approximately 48,000 complete foreclosures nationally last month, down 5,000 from this time last year. Mark Fleming, chief economist for CoreLogic…

Your credit score determines many important aspects of your life such as buying a home, a car, or applying for a credit card. Lenders look at your score to decide if your credit is strong enough to qualify for a loan or line of credit. Experts have offered a few tips to help increase your…

Home sales in the U.S. hit the lowest levels seen in more than 1-1/2 years last month, according to the Nation Association of Realtors. Home sales have fallen 0.2% to an annual rate of approximately 4.9 million units. Although sales have slipped, experts do not expect this trend to continue. It is suggested that as…

Experts have compiled a list of ways that homeowners can lower their electricity bill, save energy, make their homes more comfortable, and reduce climate change impact and pollution. Doing simple things such as using ceiling fans, drawing the curtains during the heat of the day, and turning down the thermostat when you are not at…

An increasing number of Americans are feeling financially secure, according to new data. Last year, vacation home sales jumped 13%, the highest level seen since 2006. Overall, annual home sales increased approximately 30%, averaging 717,000. Median home prices increased to $168,700 from 2012. Additionally, the stock market has gained strength, according to Lawrence Yun, chief…