When one buys a home, he or she also buys into a neighborhood. Since a neighborhood is almost as important to one’s satisfaction as the home, all homeowners should know a few things about the area around them.

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For the past five years, Martin Sam­busini and his family rented in Chester Township, biding their time to pull the trigger on buying until they could get the best real estate deal possible.

Full story is available on NorthJersey.com

Buying a foreclosure, says first­time home buyer Jena Edone, “can be a little scary when there’s no seller involved, and there’s no dis­closure on what’s happened to the property. You’re going visually on what the place looks like till the in­spection. But the flip side is, you can walk away with a really great deal.”

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I wish today’s young people would stop crying about how hard life is and how they will never be able to own their own home. It isn’t that I think times are easy for young couples, worried about their jobs and scrambling to make ends meet. It’s just that travails in early adulthood have been around since Adam and Eve ran into problems in Eden.

Changes to the federal refinancing program announced by the Obama administration last week could help more Treasure Coast residents qualify for better mortgage rates as early as December.

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Let’s consider how – fundamentally – financial markets work. A young person wants to buy a house. A retiree lends that person $250,000 in exchange for a promise to pay a certain rate of interest and return some of the principal monthly for a set number of years. This is a mortgage.

Full story is available on Philadelphia Inquirer

The definition of the American Dream needs to be abridged. It should no longer give people the impression that owning a home outright or paying a mortgage is a prerequisite to being granted an unfettered path down “Easy Street.”

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The Wyoming Family Home Ownership Program is now accepting applications for its next two-year program, which starts Nov. 16.

Full story is available on Boomerang

President Obama’s latest housing intervention will not prevent foreclosures, lift the housing market or boost the economic recovery, even though he promised as much Monday in Las Vegas.

Full story is available on Las Vegas Review Journal

These are unreal estate deals: ten haunted homes for sale.

A haunted horse farm and the property on which abolitionist John Brown was hanged are among haunted houses currently up for sale in this week’s list from TopTenRealEstate Deals.com.

Full story is available on WTOP.com