How Much Home Can You Buy With Your Income?

Miller Samuel President and CEO Jonathan Miller discusses the U.S. housing market. Bloomberg Intelligence’s Carl Riccadonna also speaks on “Bloomberg Surveillance.” (Source: Bloomberg)    

Board Talk

BOARD TALK Frederick Peters  |  President, Warburg Realty There is a widening gap between the price of co-ops and the price of new condominiums. While much of this has to do with the ease involved in purchasing something utterly new, there is also a considerable benefit in the eyes of many buyers to the fact that they do not need to contemplate ...

Solid gains in home values mean more homeowners could face a hefty tax when they sell. Keeping track of home improvement costs could help defray that tax.

By:  Robert Neubecker June 5th, 2015 The New York Times A tax time bomb is ticking for an increasing number of people who have been lucky enough to see big gains in the values of their homes.  This is especially true in and around cities like New York, Los Angeles, San Francisco, Boston and San Diego, where home prices have increased smartly ...

Love at First Sight

Love at First Sight Frederick Peters  |  President, Warburg Realty Real estate is a love-at-first-sight business. More often than not buyers respond viscerally one way or another within 30 to 60 seconds after they walk into a property. The subsequent 20 to 30 minutes of the showing either bolster or contradict that initial ...

Consider Cash When Buying a Vacation Home Overseas

Consider Cash When Buying a Vacation Home Overseas U.S. residents buying vacation homes overseas may find that financing their slice of paradise isn’t so dreamy. By: Anya Martin April 1st, 2015 The Wall Street Journal Breathtaking ocean views, a five-minute walk to the beach, and regular sightings of toucans, iguanas and sloths— Todd Harris and ...

Think Twice Before Helping Your Children Buy a Home

By: Ruth Mantell Updated June 16, 2014 1:16 a.m. ET It’s particularly hard for many young people to buy their first home these days without some financial support. But before stepping in with a gift or loan to help with a down payment, parents need to ask themselves some tough questions. Among them: What is helping my child going to cost me, not ...

When Big Loans Come to Town

Big loans aren’t just for big cities. Affluent borrowers in dozens of metro areas sign up for the large mortgages associated with million-dollar listings. Their popularity comes as no surprise in areas such as New York and San Francisco, known for their pricey real estate. But new data show these loans also account for a significant percentage ...

First-time Home Buyer’s Guide

Buying a home is a big deal. Too often, I think people rush into home ownership because it’s seen as a sign of adulthood and financial responsibility. But owning a home is a big commitment, it’s not a guaranteed good investment, and it’s a truckload of work. (I’ve been a homeowner for only two years and I already have a growing list of things ...

U.S. pending home sales fall by most in more than three years in September

(Reuters) – Contracts to purchase previously owned U.S. homes fell by the most in more than three years in September, a sign that a softer economy and a rise in mortgage rates are hurting the country’s housing market. The National Association of Realtors said on Monday its Pending Homes Sales Index, based on contracts signed ...

Home Shoppers Kicking the Tires, But Delaying Deals

BY: CONOR DOUGHERTY Potential home buyers continue to look at properties for sale but are submitting far fewer offers, the latest sign that real estate activity has cooled from the white hot pace seen during spring and summer, according to recent reports. The problem is that people are just confused. Clients are concerned about fluctuating mortgage ...