Best & Worst Time to Buy a House: Month-by-Month Analysis

The United States housing market has rebounded from the 2008 crash. If you bought a property at the lowest point of the recession and still own it, your asset has likely appreciated by 25% or more. The housing market is predicted to decline in 2020, so what is the best month to buy a house?

To help you decide, we compiled historical national housing data from the Federal Reserve, Census Bureau, National Association of Realtors (NAR), and Zillow. We then determined the best and worst time to get a deal on a house. We also discuss other factors that buyers may want to consider when timing their purchase, such as the number of homes on the market.

Best & Worst Months to Buy a Home

The real estate experts we talked with said price was the main determinant when deciding what is the best month to buy a house. Buyers

Read More Read more

Here’s What it’s Really Like to Buy a House During a Pandemic

Editor’s note: All of HomeLight’s coronavirus information for buyers, sellers, and agents is available on our COVID-19 hub.

If you’d been planning on buying a house before coronavirus, how has the pandemic changed the homebuying experience? Getting an inspection and an appraisal could be a challenge, and your closing might be delayed. But reading about what could happen is different than knowing what has happened to other buyers.

Here are four stories about buying a home during coronavirus. Each homebuyer faced unique challenges — everything from the risk of water getting turned off in their new home to picking out countertops remotely — and their stories can give you a good idea of what to expect when you’re expecting… to buy a house during a pandemic.

A house bought during coronavirus.
Source: (Jen Trail / Ruum Media)

Buying a house that needed city sign-off

Agent Bonnie Roseman, who works with 82% more single-family homes than

Read More Read more

Retail giant Best Buy retailer won’t pay for fridge flood its own contractor caused | 7 On Your Side

ELTINGVILLE, Staten Island (WABC) — When a new fridge flooded and caused thousands of dollars in damage, a young couple says a retail giant turned its back on them.

“To be honest I was so upset, I couldn’t even handle it,” Jason Anello said.

Welcome to Jason and Abby Anello’s newlywed nightmare. Their new home was ruined before he could even carry her over the threshold.

“It’s just been a big headache,” Anello said.

He’s talking about the thousands in water damage due to a faulty fridge installation.

The listing for their Staten Island home caught their eye and features an open floor plan with a big kitchen and hardwood floors. So, they bought it.

“We put a lot of money into the house with renovations,” said Anello.

RELATED | 7 On Your Side: Young car-buyer wrangled into a ripoff

One of the expenses included a fancy new fridge from

Read More Read more

7 Value Stocks To Buy Today For Security And Consistency

During our current bull market, so-called “value” stocks have been undervalued.

These are slower-growth companies with reliable sales and profits, many of which pay dividends. Like their market peers, plenty of these companies were hammered by the COVID-19 pandemic. But even those that sailed through on quarantine tailwinds are selling at reasonable prices.

Likewise, investors who profited off the tech boom this year are sitting on big returns, and value stocks offer one way to protect those gains. Especially if you’re near or at retirement age, like me, your focus needs to shift from getting rich quick to staying solvent for life.

With that in mind, here are 7 value stocks to buy today and hold tomorrow:

  • Pfizer (NYSE:PFE)
  • Caesar’s Entertainment (NYSE:CZR)
  • General Motors (NYSE:GM)
  • Bed, Bath and Beyond (NASDAQ:BBBY)
  • Papa John’s (NASDAQ:PZZA)
  • IBM (NYSE:IBM)
  • Cisco (NASDAQ:CSCO
Read More Read more

Is Home Insurance Required When You Buy a House?

If you’re buying a home, one question you might wonder is this: Is home insurance required when you own a house?

In many cases, homeowners insurance is indeed mandatory—and even in cases where it isn’t absolutely necessary, it’s still a good idea. To help you understand why, we’ve put together this Home Buyer’s Guide to Home Insurance, which will help walk you through what you need to know from beginning to end.

In this first article, we’ll introduce you to what homeowners insurance is, why it’s often essential, and what can go wrong if you don’t have it.

What is homeowners insurance?

With home insurance, as with other types of coverage (including health insurance), you pay a relatively small amount of money either monthly or annually in exchange for the promise that your provider will help you pay for unexpected costs you might incur as a homeowner.

What can

Read More Read more

What about $490,000 can buy in Sumner County


Nashville Tennessean

Published 5:01 a.m. CT Oct. 13, 2020

CLOSE

Autoplay

Show Thumbnails

Show Captions

Last SlideNext Slide

Stay up to date on real estate and development news: Sign up for The Tennessean’s business newsletter to get updates right in your inbox.  

BETHPAGE

206 Dry Fork Creek Road, Bethpage 37022

Year built: 1999

Square feet: 1,813

Price: $490,000

Description: Four-bedroom, three-bathroom home sits on 20.87-acre lot. Home has marble fire place, stainless steel appliances and hardwood floors, new double pane windows, master on main floor. Private guest quarters upstairs include bedroom, full bath and family room. HVAC split units are 1 and 2 years old.

206 Dry Fork Creek Road, Bethpage 37022 (Photo: Homes.com)

More photoshttps://www.homes.com/property/206-dry-fork-creek-rd-bethpage-tn-37022/id-600029116327/

GET THE LATEST UPDATES:  Download the free Tennessean app on your mobile device. 

GALLATIN

1034 S. Browns Lane, Gallatin

Read More Read more

Only 54% of Buyers Think Now’s a Good Time to Buy a Home, Says Fannie Mae

A For Sale sign in front of a sunny green lawn and white two-story home.

Image source: Getty Images

When mortgage rates dropped to record lows back in July, it seemed like a prime opportunity for buyers. Then, in September, rates got even lower. In fact, for several months, it’s been a great time to buy a home from an interest rate perspective. But only 54% of buyers think now’s a good time to move forward with a home purchase, according to a new Fannie Mae survey. The question is: Are buyers being overly pessimistic, or might they indeed be better off waiting?

Why now’s not the best time to buy

The housing market has been grappling with limited inventory this year, and that’s meant supply is lower than demand. The result? Homes are far more expensive now than they were a year ago. In fact, home values are up 6% from the previous year, according to data firm CoreLogic, and many buyers face bidding

Read More Read more

Real Estate Market: Rent or Buy a House During Covid? Home Hunters Explain Moves

Maybe it’s too many months living and working in the same cramped quarters. Or the ultra-low mortgage rates. For some, spending less during the pandemic means they finally have enough saved for a down payment.

All that is prompting people to ask themselves whether now is the time to buy a home — even as the long-term outlook for the real-estate market remains uncertain.

There’s been a burst of home buying across the U.S., especially in suburbs outside cities where people were cooped up during the spring Covid-19 lockdown. In August, contracts to buy single-family houses in Greenwich, Connecticut, nearly tripled from a year earlier. Contracts were up 57% in nearby Westchester County.

Homes Get Scarce

The supply of single-family homes in the U.S. is getting tight

Capital Economics Ltd., U.S. Census, National Association of Realtors

The U.S. market is so hot that the supply of homes for sale is

Read More Read more

What $1M can buy in the Nashville area


Nashville Tennessean

Published 5:02 a.m. CT Oct. 10, 2020

CLOSE

Autoplay

Show Thumbnails

Show Captions

Last SlideNext Slide

Stay up to date on real estate and development news: Sign up for The Tennessean’s business newsletter to get updates right in your inbox.  

DAVIDSON

1807 Tyne Blvd, Nashville 37215

Year built: 1974

Square feet: 3,818

Price: $1M

Description: Four-bedroom, four-bathroom home has been renovated but retaining all the features of Robert Anderson architecture. Home is set on 2.5 wooded acres with views and is minutes from Green Hills.

1807 Tyne Blvd., Nashville 37215 (Photo: Homes.com)

More photoshttps://www.homes.com/property/1807-tyne-blvd-nashville-tn-37215/id-600027794949/

GET THE LATEST UPDATES:  Download the free Tennessean app on your mobile device.      

SUMNER

122 Bayview Drive, Hendersonville 37075

Year built: 1986

Square feet: 7,800

Price: $1M

Description: Home has entry foyer, five bedrooms each with a full

Read More Read more

Coppell man charged with scamming $17 million in PPP money to buy luxury cars and homes

Federal investigators say a Coppell man fraudulently applied for dozens of federal stimulus PPP grants and received more than $17 million that he spent buying real estate and luxury cars such as a Bentley and a Corvette.



Government prosecutors have now charged dozens of people with fraudulently receiving grants from the Payroll Protection Program.


© Brian Elledge/Staff Photographer/The Dallas Morning News/TNS
Government prosecutors have now charged dozens of people with fraudulently receiving grants from the Payroll Protection Program.

A coalition of federal agencies charged Dinesh Sah, 55, of Coppell, with applying for $24.8 million in PPP loans for 15 businesses that claimed to have more than 500 employees, but in fact, many of the businesses were registered after the CARES Act was passed and did not have any employees, according to court documents detailing the indictment.

“Mr. Sah exploited this terrible pandemic for personal gain – and he should be held accountable to the American people for that behavior,” said U.S. Attorney Erin Nealy Cox in

Read More Read more