There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents. Children are More Likely to Own a Home if Their Parents Did According to an analysis of millennial homeowners, the homeownership rate of those … Read more…
With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago. Here are four key metrics that will explain why: Home Prices Mortgage … Read more…
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting, with a traditional 30-year fixed rate mortgage, in 98 of the 100 largest metro areas in the United States. In the six years that Trulia has conducted this study, this is the first time that it was … Read more…
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure … Read more…
A home is the most expensive purchase you are likely to make, unless you buy a medical practice. Your home is more than a place to lay your head, it can serve as an investement. Given the high price of homes and the impact on your monthly budget, working with an accountant and financial adviser … Read more…
Why is it so hard to get a land loan? Answer: Land loans are simply hard to get because of three reasons. These reasons are: 1) Land loan lenders are limited in number compared to home loan lenders. 2) Few land loan lenders specialize in land loans and only land loans. 3) Land loans are … Read more…
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry … Read more…
Starting late last year, some predicted that the new tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now … Read more…
House Calls? Doctor Loans and the Lowdown on Renting Versus Owning as a Doctor There was a time when the question of whether or not, as a physician, you should rent or buy a home depended heavily upon where you were in your career. Whether you were a resident, attending or retiree played a large … Read more…
Doctorloanprograms.com is proud to have been mentioned in the real estate edition of the Philly News! Read article here A mortgage to help doctors settle into new homes http://www.philly.com/philly/business/real_estate/20160331_A_mortgage_to_help_doctors_settle_into_new_homes.html