You might have gotten used to the flexibility of renting. You probably like not having to worry about repair costs and you likely enjoy the ability to pack up and move in short order. On the other hand, you are probably tired of throwing money away and are ready to build equity in a home. While the opportunity to become a homeowner is undeniably attractive, how do you know that you are ready to take on this responsibility? There are a few signs to note. You Manage Your Debt Well One of the most … [Read more...]
Home Maintenance Projects That Could Save You Thousands On Repairs
Owning a house comes with major responsibilities and one of the most important is routine maintenance. While many people like to skip routine maintenance in an effort to save money, the reality is that these routine maintenance is going to save people down the road. The reality is that maintenance is a homeowner's first line of defense when it comes to protecting their most valuable investment, which is their home. There are a few projects that may save homeowners thousands of dollars down the … [Read more...]
What’s Ahead For Mortgage Rates This Week – May 18th, 2020
Last week’s economic news included readings on inflation, retail sales, and a speech by Federal Reserve Chair Jerome Powell. The University of Michigan released a preliminary reading of its Consumer Sentiment Survey; weekly readings on mortgage rates and initial jobless claims were also released. April Inflation and Retail Sales in Negative Territory Consumer prices fell in April to a negative reading of -0.80 percent and matched expectations. The Core Consumer Price Index, which excludes … [Read more...]
Tips On How To Sell Your Home In A ‘Buyer’s Market’
A "buyer's market" happens when people looking to buy a home have a stronger bargaining position than the sellers have. In a classic economic sense, a buyer's market occurs when the supply of homes available for sale exceeds the demand for them. However, other things in real estate create a buyer's market. Causes Of A Buyer's Market Besides having too many homes for sale and too few buyers, a buyer's market in real estate may come from widespread credit market problems. There may be … [Read more...]
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