According to the National Association of Home Builders, July builder sentiment dipped to an index reading of 64 as compared to June's revised reading of 66, the original reading was 67. Analysts expected the reading for July to increase to 68. Builders cited increasing lumber prices as a concern affecting builders' outlook on housing market conditions for new single-family homes. Any reading over 50 for the NAHB Housing Market Index indicates that more builders than fewer are positive about … [Read more...]
Going Green(er): 3 Common Waste Items You Had No Idea You Can Recycle
It has never been more popular to live a "green" lifestyle and develop sustainable living practices that will help out the planet. While you may be used to recycling cardboard boxes and giving away your old hand-me-down clothes, there are probably a few household items you didn't even know you could recycle! If you're wondering what to do with some of your old, used items, here are a few things that may be ready for re-use. Re-constituting Your Lenses It's common to think your eyeglass … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 17, 2017
Inflation Rate Stays Flat in June Inflation was flat in June, but achieved a 0.00 percent reading as compared to May's – 0.10 percent reading. Analysts expected a June reading of +0.10 percent reading month-to-month. The Federal Open Market Committee of the Federal Reserve has established a benchmark reading of 2.00 percent inflation year-over-year as an indication of economic recovery. In recent months, the Fed has increased its target federal funds rate at each meeting of the FOMC. A … [Read more...]
Buyer Beware: Three Major Red Flags to Watch for When Visiting Open Houses
An open house is a good opportunity to get out and about to see what kind of home you're looking for and if it will work for you. Fortunately, they can also be a good opportunity to find out some things about the house you're looking at that might not be listed on the website and may be less than flattering. If you're wondering what red flags to watch out for, pay attention to the following things the next time you're at a showing. Strong Odors Many home sellers try to engage the senses in order … [Read more...]
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