Home price growth slowed to its lowest pace in nearly a year according to the Case-Shiller Home Price Indices. National home price growth averaged 6.00 percent year-over-year as compared to 6.20 percent growth in June. The 20-city home price index rose 0.10 percent in July to a seasonally adjusted rate of 5.90 percent year-over-year. Slowing home price growth was attributed to buyer fatigue and rising inventories of available homes. Las Vegas Home Price Growth Tops 20-City Home Price Index Las … [Read more...]
What Are The Housing Market Projections For 3rd Qtr 2018 — And Beyond?
The National Association of Realtors (NAR), in its ongoing analysis of home sales statistics, believes that prices will continue to rise during the third quarter, but that uncertainty over elections could be a factor during the second half of the year. However, NAR's report noted that in July, a typically lackluster month, home prices rose by about nine percent, and days on market decreased significantly, perhaps signaling a strong start for the third quarter. National statistics don't … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 1st, 2018
Last week's economic readings included reports on home prices, new and pending home sales and remarks released by the Federal Open Market Committee of the Federal Reserve. Weekly readings on average mortgage rates and first-time jobless claims were also released. Case-Shiller HPI: Home Price Growth Slows in July Home prices grew slower in July according to data released last week. Home prices rose at a seasonally-adjusted annual rate of 6.0 percent in July as compared to June's rate of 6.2 … [Read more...]
It’s Pumpkin Spice Season: Plan A Neighborhood Potluck
Fall is the time to get back into a comfortable routine, but it's also a great time to incorporate social events into weekend work parties, and gather friends to offer neighbors a helping hand -- or just moral support -- to spruce up their property. While building a new sense of community may be a side effect, it can't be denied that giving homes in need of minor repairs a little TLC is good for the dollar value of the neighborhood as well as for the soul. REALTORS agree that the overall appeal … [Read more...]
Fed Raises Key Interest Rate For 3rd Consecutive Time
The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed's key interest rate and was the eighth time the Fed raised its key interest rate since 2015. In its customary post-meeting statement, Committee members cited strong economic conditions and continued labor market growth coupled with historically low unemployment rates as a basis for raising … [Read more...]
5 Things To Do This Fall To Get Ready For Winter
Simple home and yard tips don't have to take a lot of time, but can save a lot of headaches if that first winter storm catches you unaware. Here's a checklist to help you prepare: Assess Your Windows And Doors Take a walk around your interior, preferably on a windy day. Check for drafts and air leaks; replace weatherstripping, align door thresholds. and repair window frames and sills if they're damaged. If you have storm windows, make sure they're ready to install. Replace the screens in a storm … [Read more...]
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