What’s Ahead For Mortgage Rates This Week – November 5th, 2018

Financial Reports , ,
Last week's economic news included readings for Case-Shiller Home Price Indices, Commerce Department readings on construction spending and the University of Michigan's reading on consumer confidence. Labor sector reports on jobs growth and the national unemployment rate were posted along with weekly readings on mortgage rates and first-time jobless claims. Case-Shiller: Home Price Growth Lowest in 20 Months; Construction Spending Falls Home price growth hit its lowest pace in 20 months according to Case=Shiller's 20-City Home Price Index for August. Home prices grew by 5.80 percent year-over-year as compared to July's growth rate of 6.00 percent. Analysts said that slowing…
Read More

What Does A Home’s Energy Rating Imply?

Real Estate , ,
Your home's energy rating is an evaluation of your home's overall energy efficiency. If your house's rating is high, it means your potential for energy loss is also high. Bringing your rating numbers down means that your home is becoming more energy efficient.  Your home's energy rating is based on several things. When your energy company does a home energy audit, they are looking for ways that your home or its components are wasting energy. A low rating means that a home is more energy efficient than one with a higher number. For example, if a home is rated at…
Read More

How To Cut A Great Deal On A New Home Construction

Real Estate , ,
Savvy home buyers often get great deals on new home constructions by asking for deals and discounts and doing some up-front research.  Home builders often dislike offering steep discounts in sales prices because they want everyone in the community to feel like they bought their property at a fair price. Maintaining sales prices also helps with future home appraisal values. It helps all of the buyers in a neighborhood to keep sales prices consistent and growing.  Fortunately, you can still get great discounts that can reduce the cost of your new home. Ask the builder if they can do the…
Read More

Case-Shiller: Home Price Growth Slows to 20-Month Low

Real Estate , ,
Home price growth slowed to its lowest rate in 20 months according to the 20-City Home Price Index issued by Case-Shiller. After years of dismal readings, Las Vegas, Nevada led the cities included in the index. Top three cities for August included Las Vegas, Nevada where year-over-year home prices grew by 13.90 percent. San Francisco, California saw home prices increase by 10.60 percent year-over-year and Seattle, Washington home prices rose by 9.60 percent year-over-year. August's 20-City Home Price Index overall reading fell below six percent for the first time in a year. Cooling Home Price Growth Helps Balance Housing Markets…
Read More

Real Estate Crowdfunding Investment Is Trending

Mortgage , ,
Although the real estate market is currently booming, the last housing bubble burst remains relatively fresh in investors' minds and that has many taking a long look at crowdfunding. One of the lessons that came out of the burst and ensuing Great Recession was that investors were blind to where their money went. If you watched the Academy Award-winning film "The Big Short," then you at least understand Hollywood's hyperbolic explanation of the subprime mortgage crisis. You may be asking: what does this have to do with real estate crowdfunding real investing? Well, everything. Among the key reasons that the…
Read More

What’s Ahead For Mortgage Rates This Week – October 29th, 2018

Financial Reports , ,
Last week's economic news included readings on sales of new homes and pending home sales. A reading on consumer sentiment was also released along with weekly reports on mortgage rates and new jobless claims. Sales of New Homes Slide to Near 2 – Year Low According to Commerce Department readings on new home sales, the pace of sales slipped close to a two-year low in September; new homes sold at a seasonally-adjusted annual pace of 553,000 sales. September's reading was 5.50 percent lower than for August and was 13.20 percent lower year-over-year. Analysts expected a reading of 620,000 sales; August's…
Read More

Could Fed Interest Rate Hike Help Home Buyers?

Real Estate , ,
News of the Federal Reserve hiking interest rates appears to have caused unnecessary panic among people poised to purchase a first home or a larger one for a growing family. Headlines and news reports that talk about interest rates being at their highest since 2014 can be alarming. Announcements from the Fed that rates would increase four times in 2018 and again in 2019 seems downright scary. After all, isn't it logical that increased interest rates mean that monthly mortgage payment could be substantially higher? As it turns out, neither the click-bait headlines about dramatic rate increases or higher monthly premiums…
Read More

3 Budgeting Tips to Help Make Your New Mortgage Payments Easier

Mortgage , ,
Buying a new home is an exciting time, but excitement can easily turn to stress if there isn't enough money to pay the monthly mortgage bill. The added expense can take some time to get used to, but there are ways to make the payments easier, especially in those first few months when money is the tightest. Prioritize The Mortgage Bill And Pay It Immediately This may seem like a counterintuitive tip for anybody looking for help making mortgage payments, but it is easily the best one and the one that provides the most trouble for homeowners. Late mortgage payments…
Read More

5 Reasons To Sell Your Home This Fall

Real Estate , ,
Though the real estate business never stops, most people associate its busy periods of the year with the spring and summer seasons. And while this is true to a large extent, those who think that selling a home in the fall is a bad decision are sorely mistaken. Just as families want to get into new homes before the school year starts, which makes spring and summer busy seasons, there's also an urgency to get into new homes prior to the holiday season. It's one of the reasons why you shouldn't hesitate to list your home in the fall season.…
Read More

NAHB: Builder Confidence in Housing Market Ticks Up in October

Real Estate , ,
Home builder confidence in national housing market conditions rose one index point for a reading of 68 in October. Readings over 50 indicate that most builders are confident about market conditions. Rolling three-month averages showed mixed results. The Northeastern region gained three points for an index reading of 57; the Midwestern region lost two index points with a reading of 57 and the Southern region posted a gain of one point with a reading of 70. The Western region held steady at 74. Readings for sub-categories of the Housing Market index showed a one-point gain to 74 for current market…
Read More