Last week’s economic data supported recent reports indicating that housing markets are slowing, The National Association of Home builders/Wells Fargo Home Builders Index (HBI) dropped by 10 points to a reading of 46 for February.
Home builder confidence dropped to its lowest reading in nine months, and fell below the benchmark of 50, which indicates that more builders are pessimistic about current market conditions than not.
Severe weather was blamed for the lower builder confidence reading, which fell below the expected reading of 56. Continue reading “What’s Ahead For Mortgage Rates This Week – February 24, 2014” »
If you enjoy history and fixing things, then it may be hard to drive by historic homes for sale without feeling the urge to buy one and fix it up.
Before you do, you need learn the three R’s of fixing up historic homes and the differences between them.
The three R’s of fixing up historic homes are restoration, renovation and repair. Some of the differences are minor, but they can make all the difference in cost, time and problems. Continue reading “The Three R’s Of Fixing Historic Homes For Sale” »
Selling your home is a complex process and there are a lot of factors that you will need to consider. Your goal will be to sell your home in a timely manner, while getting the highest price you can.
However, many properties sell at a discount because the buyer is able to negotiate a lower price on the property.
Although it is impossible to guarantee that you will receive your full asking price when you sell your home, there are things that you can do to increase the likelihood of this happening. You will need to have a strategy that attracts highly motivated buyers and improves competition. Continue reading “How To Get The Full Asking Price When Selling Your Home” »
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.
This is money you can use before you sell your home through a home equity loan. Just keep in mind that a home equity loan is secured with your home. If you can’t make the payments, you can lose your home. Continue reading “Smart Ways To Create Equity Within Your Home” »
Last week’s economic news was dominated by the first address by the new Fed chairperson, Janet Yellen.
Tuesday’s news included the Jobs Openings report for December 2013, which matched November’s reading of 4.0 million jobs available.
This information was taken from a gauge of competition for available jobs; in December, competition for job openings fell to its lowest level in five years. Continue reading “What’s Ahead For Mortgage Rates This Week – February 18, 2014” »
Out with the old, in with the new. The beginning of 2014 can have you wanting to reinvent yourself — and your home. It’s time to start fresh.
Paint the walls, change the curtains and get new furniture. It’s important to have your home be a reflection of you; however, all that remodeling can get expensive.
Take a cue from Auld Lang Syne by buying a few new pieces, but keeping some of your older furniture.
If they have sturdy bones, then you can update their look by reupholstering them to fit your new home vibe. Below are DIY steps to help you modernize your furniture and save money in the process! Continue reading “How To Make Your Old Furniture Look Like New” »
When we are going through a difficult and stressful time, our bodies naturally react to the situation. This “fight or flight” reaction to stress makes us more alert and ready to avoid danger, so it is helpful in the moment.
However, if you are in a constant state of stress on an ongoing basis, this can be very damaging to your health and can increase the risk of diseases such as heart disease, depression and other problems. Continue reading “Sell A Home, While Managing Your Stress” »
Buying your first home is a major milestone in your life, similar to graduating high school or moving out of your parent’s house.
When you buy a property, you are making a long-term investment decision in your future and potentially taking the first step toward your future financial security.
However, buying a house before you are ready can actually be a negative move that puts a cramp in your plans. Continue reading “Ready To Buy Your First Home, Here Is Your Quick Checklist” »
Let’s face it, selling your home can be an emotionally difficult process – especially if you have lived there for a long time. When you make a house your home, it holds many of your memories and it becomes a part of your identity.
How can you sell the house in which your child took their first steps, where you held many dinner parties and where your family celebrated so many birthdays and holidays together?
You will go through a period of transition when moving house, which can be mentally and emotionally tiring. Continue reading “How To Emotionally Detach From Your Home When Selling” »
Residential Construction Spending Up
Last week’s mortgage and housing-related reports began with Construction Spending for December, with a reading of 0.10 percent or a seasonally adjusted $930.5 billion. December’s reading fell short of an expected increase of 0.40 percent.
Spending for private sector projects rose by 1.00 percent; of this amount, residential construction spending increased by 2.60 percent and private sector spending for non-residential construction fell by -0.70 percent.
Although construction spending posted a fractional gain, the good news is that construction spending is currently dominated by residential construction and that due to inclement winter weather, any gain in construction spending during December could be considered positive. Continue reading “What’s Ahead For Mortgage Rates This Week – February 10, 2014” »