With all of the home renovation and fixer-upper shows on television, the idea of completely renovating and re-doing an old home can seem like an enticing premise. Unfortunately, investing in the wrong fixer-upper can mean an awful lot of expenditure without the added financial rewards. Whether you're considering investing down the road or are ready to dive in, here are a few things to consider first. How Much Do You Want To Spend? It's easy to be swept away by possibility, but before making an … [Read more...]
Case-Shiller: Home Price Growth Continues
November home prices grew by 5.60 percent year-over-year on a seasonally adjusted basis according to Case-Shiller's reading on National Home Prices. National average home prices rose 0.80 percent from October to November. Case-Shiller's 20-City home price index revealed that the West and Mountain regions continue to hold the top three growth rates for home prices. Seattle posted a seasonally adjusted growth rate of 10.40 percent which was closely followed by Portland, Oregon's year-over year … [Read more...]
5 Home Maintenance Chores That You Can’t Forget to Take Care of This Winter
Winter may be a time for nesting until the cold weather abates, but there are a number of important tasks that a homeowner should be sure to do during the winter months. If you're readying for the slow season or wondering what you might have forgotten, here are some things you'll want to check off your to-do list. A New Coat Of Paint Getting out the paint may seem like a sizeable task, but any peeling paint is going to be adversely affected by the cooler temperatures of fall and winter. While … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 30, 2017
Last week's economic news included readings on new and existing home sales and mortgage rates. Also released were reports on new jobless claims and consumer sentiment. New and Existing Home Sales Lower in December According to the U.S. Commerce Department, sales of new homes fell to 536,000 sales on a seasonally-adjusted annual basis. This reading was markedly lower than the expected rate of 595,000 sales and November's reading of 598,000 sales. Analysts said that the drop in new home sales … [Read more...]
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