If they had to be sold today, almost a quarter of American homes would bring less than the amount of their mortgages. Some of these mortgage holders decide to walk away from their homes even if they can afford to make the payments. That is a mistake, especially if the homeowner plans to live in the home for several more years. Aside from legal problems and a credit rating … [Read more...] about Home worth less than the mortgage?
The marvel of the 30-year mortgage Real estate prices have always had their ups and downs, and in the last year or two, they have certainly been in a down cycle. Over time, however, the median price of a home in the United States has consistently risen. In the 30 years from 1968 to 1998, the median home price rose from $20,100 to $128,400, according to the National … [Read more...] about It’s a fact: Home prices rise over time