Last week's economic reporting included readings on sales of new and pre-owned homes; weekly reports on mortgage rates and new jobless claims were also released along with a report on consumer sentiment. Sales of New Homes Hit 16-Month High The Commerce Department reported that deep discounts offered by home builders boosted sales of new single-family homes to 692,000 sales on a seasonally-adjusted annual basis. March sales exceeded February's reading by 4.50 percent and exceeded the expected … [Read more...]
Pros And Cons Of Buying A Foreclosure
When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale. Choosing to purchase a foreclosed home has both advantages and disadvantages for the buyer. Weighing these advantages and … [Read more...]
The Economics Of Going Green For Home Sales
Earth Day is celebrated each year in April to remind us all of the benefits of ecologically-sound living that is more in harmony with Mother Earth. There is quite a bit of positive news when it comes to going "green." There are significant benefits for home sales. Green homes may sell faster and for higher prices. Many people are willing to pay more for a green home in order to receive the long-term benefits of the savings on utility costs. The Numbers Are Very Appealing AHS reports many … [Read more...]
4 Ways To Get Your Home Loan Closed Faster
You've finally found the perfect home for your family. Now the only thing standing between you and domestic bliss is the loan process. Use these techniques to shorten the amount of time between placing your bid and getting the final approval on your new home mortgage. Perfect Your Credit Rating Your credit score is a measure of your financial responsibility. Lenders look closely at your creditworthiness in their attempt to decide your loan's risk. Before you start shopping, take some time to … [Read more...]
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