Categories
Mortgage & Financing

NJ Mortgage News: Rossi: Home buying mistakes to avoid

Bill Sikes/AP file photoLow interest rates and a stronger job market continue to fuel growth in housing. While the number of national home sales declined slightly in 2014 (3 percent) to 4.93 million, home prices have continued to rise.

[otw_is sidebar=otw-sidebar-4]

Summary of the Article

Remember, you cannot rely on a bank to determine how much home you can afford. Despite the tightening of lending standards since 2008, mortgage …

[otw_is sidebar=otw-sidebar-1]

Article

Economy-vital SignsBill Sikes/AP file photo

Low interest rates and a stronger job market continue to fuel growth in housing. While the number of national home sales declined slightly in 2014 (3 percent) to 4.93 million, home prices have continued to rise. In fact, according to the National Association of Realtors, the national median existing home price was up 5.8 percent in 2014 to $208,500, the highest level since 2007 ($219,000).

Culled From

first published: 2015-02-27 13:07:30[otw_is sidebar=otw-sidebar-2][otw_is sidebar=otw-sidebar-10][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]