Buying A House

Millennials purchase ‘Cheap Old Houses’

CNBC’s Kelly Evans discusses how home buyers have flocked to an Instagram account to buy homes with “Cheap Old Houses” co-founders Elizabeth and Ethan Finkelstein. Their Instagram account showcases historic homes listed for less than $100,000 all across America.

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Top 10 Cities to Buy Affordable Houses

Mortgage rates are at a record low, but that doesn’t mean it’s cheap to buy a home right now. Low mortgage rates and a shortage of available housing have driven demand this summer.

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, the median home price in the U.S. jumped to a record high of $300,000 in the second quarter this year, up from $280,000 in the first quarter. Higher home prices and lower incomes due to the pandemic mean that just about 60% of homes sold in the second quarter were considered affordable to families earning the adjusted median income of $72,900.

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Op-ed: Here are tips to buy that home without wrecking your finances

Have you found yourself daydreaming about, or even looking for, that next new home? With interest rates at historically low rates and people stuck at home with the enhanced ability to work remotely, many people find themselves actively hunting for that next place to call home.

Home sales have been steadily increasing in recent months, with sales of existing homes jumping nearly 21% in June compared with May, according to the National Association of Realtors.

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