Buying a new home is a big step for individuals and families. This is a time for celebration as the new furniture gets moved in, everyone gets adjusted, and the honeymoon phase starts with the new home. On the other hand, buying a home also means that all of the responsibilities rest with the owners. Here are a few common problems that new homeowners face. Taking Care Of The Outside Many homeowners are quick to realize that there is a tremendous amount of maintenance on the outside of the home. … [Read more...]
The Impact Of The New Housing Construction Boom
New housing construction starts reached a record high in December 2019 going up 16.9%. This represents a seasonally-adjusted annual rate of 1.608 million homes last December, which beat the record set in December 2006, 13 years ago, according to CNBC. This was surprising news, as predictions made before the end of the year were that housing starts in December would reach only 1.375 million homes. Experts say the current housing construction boom in the United States gets its support from the … [Read more...]
What’s Ahead For Mortgage Rates This Week -February 3rd, 2020
Last week’s economic reports included readings on home prices, new and pending home sales and a statement from the Federal Reserve’s Federal Open Market Committee. The University of Michigan issued its monthly statement on consumer sentiment and weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller: Home Price Growth Picks Up in November According to Case-Shiller’s National Home Price Index for November, home prices rose by 3.50 percent … [Read more...]
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