The PCE Index has remained above the Federal Reserve’s target and continues to be the Federal Reserve’s preferred measure for tracking inflation. Although the latest reading was not significantly above expectations, when considered alongside a number of other factors, it could contribute to the potential for a rate increase, particularly as the PCE Index has repeatedly come in higher than expected in recent months. At the Jackson Hole Symposium, the Federal Reserve commented that it … [Read more...]
What to Consider Before Buying a Home With a Pool
A backyard pool can make a home feel like a private retreat. For buyers who enjoy swimming, entertaining, or spending time outdoors, it may be a major selling point. Before falling in love with the idea, however, it is important to understand the maintenance, expenses, and responsibilities that come with pool ownership. Inspect the Pool's ConditionThe appearance of the water does not tell you everything about the condition of a pool. Pumps, filters, heaters, plumbing, surfaces, lighting, and … [Read more...]
How Mature Trees Can Affect a Home Purchase
Large, established trees can make a property feel beautiful and inviting. They may provide shade, privacy, character, and an established landscape that would take years to recreate. But mature trees also come with responsibilities that buyers should consider before purchasing a home. Look at the Condition of the TreesA healthy mature tree can be a valuable part of a property, while a damaged or diseased tree may eventually require professional attention or removal. Look for large dead branches, … [Read more...]
What Buyers Should Know About Shared Driveways
A shared driveway may seem like a minor detail when you are focused on a home's layout, condition, and location. However, because the driveway is used by more than one property owner, it is important to understand exactly how access, maintenance, and responsibilities are handled before you buy. Understand Who Owns the DrivewayA shared driveway does not always mean both homeowners own equal portions of it. In some cases, one property owns the driveway while a neighboring property has a legal … [Read more...]
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