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Jul 23

Top 10 U.S. Cities For Public Parks – Washington DC Ranks #5

For the first time in more than 100 years, the growth in America's cities is outpacing the growth in its suburbs. According to the 2011 estimates of the U.S. Census Bureau, between July 2010 and July 2011, city centers grew faster than their surrounding suburbs in 53% of the nation's largest housing markets. Compare this to just 9.8% during the 10 years prior. Cities now compete with suburbs on a number of fronts including job availability, housing costs, and access to amenities, a … [Read more...]

Jul 23

Simple Real Estate Definitions : Right To Cancel

As part of the federal Truth-in-Lending Act, refinancing homeowners are granted a 3-day "cooling off" period post-closing during which they retain the right to rescind, or "cancel", their recent refinance without penalty or cost. The Right To Cancel is protection against surprises at closing and/or a change of heart. It's also a safety valve for homeowners signing paperwork under duress. With 3 days to revisit and rethink the terms of a loan, a homeowner can maintain tighter control of … [Read more...]