According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April's reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that "tentative … [Read more...]
4 Ways to Safeguard Your Home While on Vacation
Everyone needs a vacation at some point, and worrying about your home should be the last thing on your mind while you're out of town. Here are 4 ways to boost home security when you're not around. 1. Enlist The Help Of Others Even if you're only gone for a short amount of time, asking someone you trust to keep an eye on your home can offer a big-time boost in security. Hiring a house-sitter to collect your mail, mow your lawn, and make your house look lived in can be a great option for … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 25, 2016
Housing Starts, Building Permits Issued Rise Commerce Department reports on housing starts and building permits issued were released Tuesday. Housing starts rose to 1.189 million in June against expectations of 1.165 million starts and May's downwardly revised reading of 1.135 million starts, Housing starts rose by 4.80 percent on a seasonally-adjusted annual basis. This is good news for housing markets, but analysts said that demand for homes continued to exceed available … [Read more...]
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