Last week's housing related news was limited to Construction Spending and Freddie Mac's mortgage rates survey, but labor reports suggested an economic slowdown may be in the works. Construction Spending Slips in April, Mortgage Rates Mixed According to the Commerce Department, overall construction spending slipped in April to -1.80 percent as compared to March's reading of +1.50 percent and May's expected reading of +0.70 percent. Residential construction spending was 1.50 percent lower, which … [Read more...]
Looking to Renovate?: 4 Renovations That Are Cheaper in the Summertime
It's often necessary to make a few small renovations before putting your home on the market, but it can be surprising to learn that summer can be a less expensive time for many common fix-ups. If you're wondering what you should renovate in the summer months, you may want to consider a few of the following for the sake of economy. Take On The Lawn In many cases, often-difficult weather conditions that the winter months can provide make a lot of things difficult, and tackling the state of your … [Read more...]
Case-Shiller: Home Price Growth Expands to All Metro Areas
March home prices were again dominated by the Northwest with Portland, Oregon posting a year-over-year gain of 12.30 percent followed by Seattle, Washington's year-over-year gain of 10.80 percent. Denver, Colorado rounded out the top three cities with a year-over-year gain of 10.00 percent. San Francisco, California, which consistently posted double-digit gains in recent months slipped to a year-over-year gain of 8.50 percent. This may indicate that prices in high cost metro areas are nearing … [Read more...]
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