There are many people who purchase a home with a target monthly payment in mind. This monthly payment usually includes major expenses such as the monthly mortgage payment, real estate taxes, and homeowners’ insurance. At the same time, there are other costs as well, such as home repairs and maintenance. In general, homeowners should budget between one and three percent of the home’s value every year to cover typical maintenance and repairs. This does not include renovation expenses, … [Read more...]
Case-Shiller: June Home Prices Higher
S&P Case Shiller Home Price Indices reported new record gains for home prices in June. The National Home Price Index rose by a seasonally-adjusted annual pace of 18.60 percent as compared to May’s home price increase rate of 16.80 percent. Home prices were 41 percent higher than they were during the 2006 housing boom; home price growth was driven by high demand for homes coupled with short supplies of homes for sale. 20-City Home Price Index Posts Month-to-Month Home Price Gain … [Read more...]
Where To Find Inspiration For Your Home Decor
Are you working on decorating your home? Perhaps you want to spruce up your decor, but you aren't sure where to start. Where can you find inspiration for your home decor, besides the obvious home decor magazines and websites? Here are some fun and creative ideas that will inspire you when designing your decor: Luxury Hotels The next time you go on a vacation, you can find decor inspiration at your hotel. Most hotel rooms in mid-range to luxury hotels have beautiful, comforting and understated … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 30, 2021
Last week’s economic reports included readings on new and existing home sales; the University of Michigan released its monthly Consumer Sentiment Index, and weekly updates on mortgage rates and jobless claims were also published. New Home Sales and Median Home Price Rose in July The Census Bureau reported that new homes sold at a seasonally-adjusted annual pace of 353,000 sales in July; analysts expected a pace of 350,000 new homes sold based on June’s reading of 349,000 sales of new … [Read more...]
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