Last week's economic news included readings on pending home sales, construction spending. Several reports related to employment were also posted along with weekly readings on mortgage rates and new jobless claims. Pending Home Sales Rise as Construction Spending Lags Pending home sales rose by 1.50 percent to an index reading of 110.2 in June according to the National Association of Realtors®. Sales of homes under contract that have not yet closed regained positive territory after May's … [Read more...]
3 Ugly Truths You’ll Discover Trying to Buy a Home Without a Real Estate Agent
Many people, whether they are new to the market or have purchased a home before, consider investing in a home without the help of an agent. While there are benefits involved with going it alone, there are also a number of drawbacks that can significantly impact the success of your home purchase. If you're wondering about the difficulties involved in going "agent-less", consider the following points. It's A Lot Of Legwork It might seem simple if you've found a house and you like it, but a lot … [Read more...]
With Mortgage Rates This Low, Should You Dive In? 3 Reasons Why Now Might Be the Time
Whether you've just finished school or are about to start a family, investing in a home can be one of the biggest financial decisions of your life. But as you'll soon discover, there are a number of considerations you'll need to make. It can be difficult to know whether to get a short-term or long-term mortgage, or how long of an amortization period you'll need. Read on below for three questions that will help you to make your decision, as now is the best time to dive into the market. Do You … [Read more...]
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