Flipping homes is popular once again. It took about eight years after the Great Recession that started in 2006 for home prices to rebound to the levels seen before the recession. Then, by 2016, in many areas, home prices started to rapidly increase. The increases in home prices caused more flipping activity due to the potential profits. CNN reports the average gross profit on a flipped home sold during the past three years was about 50%. In 2017, one real estate speculator took nearly one … [Read more...]
How Important Is The Land Around A Potential Home?
When viewing a potential home, how much consideration should you give to the surrounding land? In many ways, the land should be carefully regarded, since land is the thing that is hardest to alter. You can rip up carpet, paint walls and even knock down walls, but it takes a lot more effort to change land. Mature Landscaping Mature landscaping is typically cited as a benefit, but what if you're the type who enjoys looking out at wide open spaces? It could also be that the mature … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 12th, 2019
Last week's economic releases included readings on consumer credit, job openings and weekly reports on mortgage rates and first-time jobless claims. Consumer Credit Use, Job Openings Slow in June Consumer credit use slowed in June as credit card use lost ground. Non-revolving credit, which typically includes education and auto loans, grew at its slowest pace in three months. Mortgage loans are not included in the Federal Reserve's report on consumer credit. Consumer credit use grew by $14.6 … [Read more...]
4 Simple Tips To Make Sure Your Home Smells Inviting
As a diligent home seller, you've taken all your real estate agent's advice about preparing your home for showings. You've de-cluttered, enhanced curb appeal and developed efficient strategies for leaving your home while viewings are taking place. But have you given any thought to how your home smells to strangers? Newcomers to your home will naturally be more sensitive to the smells of your house. Your nose is likely desensitized to your common household odors, but a prospective buyer may be … [Read more...]
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