Latest news with #NationalHomeownershipMonth
Yahoo
12-06-2025
- Business
- Yahoo
Tips to follow and red flags to avoid for first-time homebuyers
(WKBN) — June is National Homeownership Month, and the Ohio Department of Commerce Division of Real Estate and Professional Licensing is marking the occasion by offering advice to first-time homebuyers. There are a multitude of things to consider when it comes to buying a new home, matters ranging from surface-level aesthetics to potential hazards buried in the basement. Set a realistic budget: Before house hunting, take a close look at your finances. Consider not only your mortgage but also additional expenses like insurance, property taxes and ongoing maintenance. Securing preapproval from a lender can help clarify your price range and strengthen your offers. Do thorough research: Look beyond aesthetics by researching neighborhoods, schools and property values. By choosing a home that aligns with your current lifestyle and future goals, you can help ensure you make a sound long-term investment. Take advantage of tools like Ohio's Homebuyers Guide and fair housing resources. These resources can help you understand how the real estate transaction process works and how you can properly prepare for each step. Don't skip the home inspection: An inspection can reveal critical issues you might otherwise miss, saving you future headaches and large repair bills. Avoid the temptation to skip this step in order to speed along the transaction since you may end up regretting that decision. It's also good to request a final walkthrough to ensure the previous tenants didn't cause any damage on their way out. If they did, patching those new holes will fall to you. While it may also be tempting to go on a spending spree to furnish your new home, it's best to avoid any big expenditures before the deal is done. Unlicensed individuals: Always verify the credentials of an agent or broker before you engage them since unlicensed individuals may lack the expertise and accountability needed to properly guide your home purchase. Working with a buyer's agent is strongly encouraged to ensure they prioritize your best interests. For example, if attending an open house without a buyer's agent, keep in mind that the listing agent represents the seller. By avoiding sharing sensitive details like your budget or timeline, you can protect your negotiating power. If you're working with a buyer's agent, discuss attending open houses with them in advance. Insufficient property disclosures: Be wary of incomplete information about a home's condition since missing or vague disclosures could signal hidden problems. It's important to ask the seller and their agent as many questions about the condition of the property or other facts about the property that may influence your decision to make an offer to purchase. Fraudulent listings: Exercise caution if you see homes listed on social media sites or other nontraditional platforms. It is possible that the home listed on those platforms may not even be for sale. Watch out for potential scammers who refuse to meet in person or via a video call, are willing to sell fast and have an asking price below market value. Another good tip to keep in mind, if something seems too good to be true, it probably is. 'Becoming a homeowner is an incredibly exciting time in someone's life, but preparation is key to making sure this process goes smoothly for homebuyers,' Division Superintendent Daphne Hawk said. 'Because purchasing a home is likely the largest investment many individuals will ever make during their lifetimes, our goal is to make sure buyers are not only excited about owning a home but also educated as they take this important step.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
11-06-2025
- Business
- Yahoo
How Austin Habitat for Humanity is pushing for more housing
AUSTIN (KXAN) — June is National Homeownership Month, which focuses on efforts to make owning a home more attainable. Austin Habitat for Humanity has helped hundreds become homeowners and pushed for more affordable homes. KXAN Midday Anchors Will DuPree and Avery Travis sat down with CEO Michele Anderson to learn about the organization's recent efforts. Austin Habitat will build in a new community in eastern Travis County called Whisper Valley, which will include families with multiple income levels. Anderson said it's the largest geothermal housing project in the nation. 'Energy bills will be less than 10% of what you normally would expect, so it's a cost-savings for our homeowners,' Anderson explained. Geothermal expansion in Texas a potential 'game changer' Applications are open for those looking to buy a home in Whisper Valley. Whisper Valley is part of the Carter Work Project, which was started by Jimmy and Rosalynn Carter. Up to 4,000 people will work together Oct. 26-31 to build 25 homes in one week. 'You enter the site, and you get removed from the world for eight to 10 hours, and just to have a good time, and help lift houses,' Anderson said. Homeowners will be at the event to talk about their journey to buying a home. Anderson also spoke about Austin Habitat's support for two housing bills that the Texas governor could sign into law. She explained one bill would allow them to build homes closer to shopping centers, while the other 'would allow people to have more freedom with their land.' 'The more housing we have will bring the cost down, especially on the affordable side,' Anderson said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-06-2025
- Business
- Yahoo
Springfield organization helps make homeownership possible
DAYTON, Ohio (WDTN) — It's National Homeownership Month, and one local organization is helping turn people's dreams into reality. On Monday, the Neighborhood Housing Partnership of Greater Springfield celebrated seven new home builds along Clifton Avenue. The NHP has been in Springfield since 2002, but it's because of assistance from area agencies that the programs they offer continue to thrive. 'We care about people and getting them into home ownership or whatever their goals are,' said Kerri Brammer, NHP Home Ownership Center manager. Lining the block of a neighborhood across the street from John Legend Theatre, dreams are coming true for seven Springfield families. 'It's very exciting. It's taken us a while,' said Brammer. 'It takes a lot of funding, a lot of partnerships to get this far.' None of this work would be possible without the city of Springfield helping set the foundation, alongside a property group building these houses from scratch. 'One of the great things about homeownership is that it helps move people out of the poverty cycle and into building wealth,' said Rachel Goff, NHP executive director. The NHP of Greater Springfield is breaking down barriers one house at a time, paving the way for people considered a part of the low-income population. A realtor and board member with NHP says while the process can be tough, it's worth it — especially if it's your first time buying a home. 'The feeling is very exhilarating only because, you know, sometimes people get defeated, they want to give up, they don't want to keep pushing forward,' said Tyler Hicks, NHP board of directors member. 'But at the same time, there's still that glimmer of hope.' Torrance Johnson is just one example of someone who used the resources offered by NHP to purchase his first home. 'You got that desire to get a house, they could actually get you into a house,' said Torrance Johnson, homeowner through NHP. 'Because they got programs to actually help you out, to actually obtain that home within a beautiful budget.' Johnson says he's grateful to have a brand new house, and hopes to see more neighbors move in soon. 'I hope they appreciate it as much as I appreciate mine,' said Johnson. After starting new builds on Clifton Avenue in 2008, the NHP has grown its portfolio to nearly 20 houses on that block alone. If you're interested in buying, NHP says the best thing to do is get the process started now. To learn more about NHP of Greater Springfield's resources, visit their website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-06-2025
- Business
- Yahoo
NYSE Content Advisory: Pre-Market update + Circle shares surge in first day of trading
NEW YORK, June 6, 2025 /CNW/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. J.D. Durkin delivers the pre-market update on June 6th Stablecoin issuer Circle (NYSE: CRCL), fresh off its IPO, saw shares soar by 168% during its first day of trading on Thursday. Stocks are fractionally higher Friday morning ahead of the highly anticipated May jobs report. Economists expect that the U.S. economy added 125,000 during the month. Jobs data throughout the week yielded unexpected numbers. Just 37,000 jobs were added in the private sector last month instead of the 110,000 economists were anticipating. Opening BellThe Generation Essentials Group (NYSE: TGE) celebrates its listing on the NYSE Closing BellThe Honorable Scott Turner, Secretary of the Department of Housing and Urban Development, recognizes National Homeownership Month Click here to download the NYSE TV App View original content to download multimedia: SOURCE New York Stock Exchange View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysian Reserve
06-06-2025
- Business
- Malaysian Reserve
NYSE Content Advisory: Pre-Market update + Circle shares surge in first day of trading
NEW YORK, June 6, 2025 /CNW/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. J.D. Durkin delivers the pre-market update on June 6th Stablecoin issuer Circle (NYSE: CRCL), fresh off its IPO, saw shares soar by 168% during its first day of trading on Thursday. Stocks are fractionally higher Friday morning ahead of the highly anticipated May jobs report. Economists expect that the U.S. economy added 125,000 during the month. Jobs data throughout the week yielded unexpected numbers. Just 37,000 jobs were added in the private sector last month instead of the 110,000 economists were anticipating. Opening BellThe Generation Essentials Group (NYSE: TGE) celebrates its listing on the NYSE Closing BellThe Honorable Scott Turner, Secretary of the Department of Housing and Urban Development, recognizes National Homeownership Month Click here to download the NYSE TV App
