The rise in Millennial home buyers will inevitably change the items that promote faster and more lucrative home sales. Consider trends over the past decades that have included conveniences such as built-in dishwashers, central air, energy efficient appliances and many others. As mechanical and technological advances move into the mainstream, prospective home buyers seek them out and favor properties that come tech ready. While Millennial buyers have a vastly different world view than previous … [Read more...]
Understanding the Factors That Impact Your Credit Score
Most consumers believe if they pay their bills on time, they need not worry about their credit score. Oftentimes, it is a rude awakening when they apply for a mortgage loan, car loan, or any revolving credit to learn they are not going to get the lowest rates available due to their credit score. This is because paying bills on time only accounts for 35 percent of your credit score. The remaining 65 percent is spread out among other factors that impact your credit score. Credit Usage and Impact … [Read more...]
Is It A Good Idea To Buy A Remodeled Home?
Are you considering buying a flipped house? Here are some ways to tell if it is a good idea or not. If you watch popular TV shows like Property Brothers, Flip or Flop and Fixer Upper, you might believe that buying a remodeled home is a great idea. These shows always have happy endings. The process looks fun and easy, and the houses turn out beautiful. However, it is rarely this easy when buying a real-life remodeled home. There are plenty of flipped houses that turn out to have significant … [Read more...]
What’s Ahead For Mortgage Rates This Week – June 25th, 2018
Last week's economic reports included readings from the National Association of Home Builders, Commerce Department reports on housing starts and building permits issued. Sales of pre-owned homes were reported along with weekly readings on mortgage rates and new jobless claims. Builder Confidence Slips as Trade Wars Boost Lumber Prices According to the National Association of Home Builders, home builder confidence in current market conditions was down two points to 68 as compared to May's index … [Read more...]
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