Even if you don’t like Starbucks, you still might want to live by one
If A Starbucks Opens In A New Neighborhood, It’s Time To Buy A Home There
One of the best ways to stretch your buying dollar is to find a neighborhood that is in transition. Called fringe or transitional neighborhoods, they are typically close to major metropolitan areas and were once neglected and less desirable. Is there a trendy restaurant where a tattoo parlor used to be? These neighborhoods are now beginning to enjoy a new life and your goal is the find them.Simon Owens is an assistant managing editor at U.S. News & World Report. Follow him on Twitter, Facebook, or Google+. Email him at sowens@usnews.com
CHART OF THE DAY: Do you find it extreme that parents are more willing to buy properties in their kids’ college towns rather than paying rent?
An Exodus From the 'Burbs?
Suburbs May be Losing Their Luster to Home Buyers.
“Many dwellings built during the boom years—whether now offered for sale by banks or homeowners wishing to move—are in the wrong locations or badly configured,” Peter Morici, professor of economics at the University of Maryland, wrote in an E-mail. “Much of that housing was premised on cheap energy—far from jobs and requiring long commutes and expensive to heat.”
5 Facts Most Home Buyers Don’t Know
1. Mortgage rates vary daily. Fifty-five percent of prospective home buyers don’t realize that mortgage rates, which are determined by a slew of factors, can—and do—change daily (and sometimes more than once a day if certain economic reports are released).
Overcoming the Mortgage Obstacle
Buying a house may be affordable, but can you get the financing?
What Home Inspectors Don't Notice
Buyers face big expenses when they don’t discover these common problems before they move in.
