What is a Structural Warranty? August 24, 2015 By 2-10 Home Buyers Warranty A structural warranty provides a written agreement between the home builder and the homeowner and clearly defines the builder’s work-product obligations related to construction quality and continuing obligations. Under the agreement, the builder is the insured and the homeowner is the beneficiary.…

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The big disconnect The Harvard Joint Center for Housing Studies recently estimated that about 50 percent of the 25- to 34-year-old renters in the top 85 metropolitan areas have the income and credit scores to qualify for a mortgage today. That’s approximately 5.5 million renter households that are qualified for a mortgage today. Approximately 5.5…

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In the years following the Great Recession, one of the key housing market trends was a rise in foreclosures. Many homeowners acquired financing, only to see the recession kick in and home values plummet. As a result, these homeowners owed more on their properties than they were worth. Millions of Americans lost their homes at…

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I wanted to share this article with you.  This is great information and is relevant to what we are seeing in Maryland. NAR: Pending home sales increase for first time in 9 months.  Homes under contract down 7.9 percent from a year ago Teke Wiggin Staff Writer, NAP The number of homes that went under…

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In 2012, the national housing market finally turned a corner. We’ve now experienced 13 straight months of home value appreciation. Sales were up significantly over 2011 as buyers returned to the market, boosting demand. So what will 2013 have in store? Here are five things consumers can expect to see in the housing market next…

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