A home is one of the biggest investments you can make, and the American Dream for many. Most people spend significant time finding or designing their "dream home." The first decision is whether to buy or build. As of September 2018, the average sales price of a new home was $377,200, according to joint data collected from the U.S. Census Bureau and the Department of Housing and Urban Development. Existing homes sales price was approximately $258,100, according to the National Association … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 26th, 2018
Last week's economic readings included readings from the National Association of Home Builders Housing Market Index, National Association of Realtors® report on sales of pre-owned homes and Commerce Department readings on housing starts and building permits issued. Weekly reports on mortgage rates and first-time jobless claims were also released. Housing Market Challenges Catch Up to Builder Sentiment According to the National Association of Home Builders, overall builder sentiment fell six … [Read more...]
Guide to Quartz, Granite and Laminate Countertops
It can be confusing choosing the right countertop material for your kitchen. Here is a list of some common countertop materials along with their pros and cons. Knowing the differences will help you choose the right material to serve your needs. Quartz Countertops Quartz is available in different colors and can have a luxurious appearance because it is a manufactured product. It is durable, which means it will not chip or crack as easily as natural stones. Quartz countertops have a … [Read more...]
3 Critical Tips for Buying a Home in a Short Sale
You just found your perfect home, and you feel like everything is right including the price. But, what could be wrong with your ideal home? Maybe, it is being sold as a short sale, and that could present a major challenge if you want to become be the eventual homeowner. Short sales are different from other conventional real estate transactions since the property in question is usually listed at a price that is much lower than the amount of the outstanding mortgage debt. Unlike a regular sale, … [Read more...]
5 Real Estate Professionals Who Assist You When You Buy Your First Home
So you're set to buy your first house. But where do you begin? Buying a house for the first time can be nerve-racking. Most advice articles often concentrate on the steps involved in buying a house. To streamline things, let's focus on the people who will likely be involved in your purchase transaction. Concentrating on the finding the right professionals can help you navigate the entire buying process easier and more comfortably. Most people start with their home loan financing or locating a … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 19th, 2018
Last week's economic news included readings on inflation, core inflation and retail sales. Weekly readings on mortgage rates and first-time jobless claims were also released. Inflation, Retail Sales Rise in October Commerce Department readings for October showed higher inflation and retail sales. Consumer Price Index rose by 0.30 percent and met expectations. September's CPI reading was 0.10 percent. Core CPI, which excludes volatile food and energy sectors, also met expectations with a reading … [Read more...]
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