The housing market has been trending in a positive direction and economic indicators point to new home construction going vertical. Following the housing bubble and sluggish post-recession economy, construction companies largely turned their attention away from new homes. Diminished values, high regulatory and materials costs served as deterrents to home-building. But the economic revival the country is experiencing - coupled with a housing shortage - has builders poised to jump back into the … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 27th, 2018
Last week's economic readings included reports on sales of new and previously-owned homes, and weekly reports on mortgage rates and first-time jobless claims. Sales of New and Pre-owned Homes Falter in July Home sales were lower in July, with new and pre-owned home sales falling short of projections and June sales. According to the Commerce Department, new homes sold at an annual rate of 627,000 sales as compared to 640,000 new home sales projected and a pace of 638,000 homes sold in June. … [Read more...]
4 Things To Know About Homestead Exemptions
Homeowners are well aware that peripheral costs swell over time and can put a strain on incomes. Utility bills increase, home insurance creeps up annually and taxes rise with the cost of schools and road repair. That's why many communities have enacted homestead exemptions that can help stabilize and even lower tax bills in some cases. Although these exemptions are not well publicized, knowing how they work and how to apply could save you a good deal of money. Understanding The Homestead … [Read more...]
4 Reasons Millennials Should Buy A Retirement Home First
There’s an idea running through marketing and business circles that anything that is popular, the opposite will likely be popular as well. Consider that sugar and caffeinated beverages such as Coca-Cola have seemingly opposite products like Coke Zero. That product, in turn, is offset in the marketplace by high-sugar, high-caffeine energy drinks such as Monster and Red Bull. In the housing industry, reverse living homes enjoy popularity. Basically, the bedrooms are downstairs while the … [Read more...]
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