Is free-home offer a good deal?

A few weeks ago, I wrote about an offer that might be hard to refuse: A small town in Sicily is offering to give away homes, or sell them for a nominal fee, to buyers willing to fix them up within four years. Lots of readers were interested in knowing more. I recently contacted longtime…

How to buy your own island

This island in the Bahamas may be out of reach but there are plenty of attractive alternatives that won’t bust your budget. You don’t have to be super rich to own a slice of paradise. Islands are on sale all over the world for less than $100,000, tempting those looking for a vacation retreat, or…

Gen-Xers don’t want to be homeowners

Not everyone is keen on the idea of owning a home. Millennials are often blamed for the drop in homebuying, but Generation X isn’t jumping on the homeowner bandwagon either. The U.S. homeownership rate has been falling since 2005, and Gen-Xers are a big part of the decline. Homeownership among those aged 35-54 has dropped…

Rates Fall to 3.93% After Briefly Breaking 4% Barrier

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed loans fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.93 percent, down 3 basis points from the same time last week. The 30-year fixed mortgage rate…

Credit scores and homebuying confidence

Knowing your credit score before you start shopping for a house could make you feel more confident about the homebuying process, according to a survey commissioned by Experian. The online survey of 500 potential homebuyers and those who purchased homes in the last year, found that a mere 5 percent of the respondents were not…

House hunting horror stories

The Bradt family faces stiff competition for a home in the Boston area Life as a buyer in a seller’s market is tough. Weekends are spent trudging through crowded open houses, lowering your standards and scrambling to submit an offer within hours of seeing a mediocre house. It’s also emotional. “I began to cry again,…