After two months of declining builder confidence, the National Association of Home Builders Housing Market Index gained two points in January with a reading of 58. Component readings of the HMI were also higher with builder confidence in current market conditions rose two points to an index reading of 63. Builder confidence in housing market conditions over the next six months rose three points to 64. The index for buyer traffic in new housing developments rose one point to 44. While index … [Read more...]
Strategies For Buying And Selling A Home At The Same Time
If you're already a homeowner and you're getting ready to buy a new home, you know it's tricky to buy and sell a home at the same time. There are lots of questions about how to handle this scenario. What if your old home doesn't sell quickly? Will you have to make two mortgage payments? What if you sell and the new owners want to move in before you close on your new home? Depending on your situation, here are some strategies available to you. Get A Bridge Loan If you find yourself facing more … [Read more...]
4 House “Flaws” You Can Safely Disregard
When you walk through a house with your real estate agent, you're seeing if you and your family would be happy living there. But you're also probably looking for signs of trouble that might spell big expenses later on. Be careful, though. It's important to see the "bones" of the house rather than focusing on minor issues. Here are four flaws you can safely disregard. 1. Stained Carpet Stained carpet is more an indication of the owner's poor cleaning habits than of any real problems with the … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 14th, 2019
Last week's economic reports included remarks by Federal Reserve Chair Jerome Powell, readings on inflation and core inflation. Weekly readings on mortgage rates and first-tome jobless claims were also released. If the government shutdown continues, it is expected to impact release dates for readings from federal government agencies. Federal Reserve Watches and Waits on Interest Rates as Inflation Slows Fed Chair Jerome Powell said that the Federal Open Market Committee of the Federal Reserve … [Read more...]
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