Last week's economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points. Construction spending was unchanged in May as compared to a -0.70 percent reading in April. Although builders express high confidence in housing market conditions, construction spending continued to lag … [Read more...]
Buying a Home for the First Time? Five Real Estate Terms You’ll Need to Know
The terminology involved in the real estate market can be vexing for the newcomer, but if you're getting prepared to buy a home, there are a few choice words you should take some time to learn. While it's hard to learn the ins and outs in one article, here's a place to begin with five terms you may be hearing a lot of in the future. Amortization Period It may sound like a very fancy term, but the amortization period or mortgage term is simply the length of time it will take you to pay off your … [Read more...]
Buyer Beware: Three Major Red Flags to Watch for When Visiting Open Houses
An open house is a good opportunity to get out and about to see what kind of home you're looking for and if it will work for you. Fortunately, they can also be a good opportunity to find out some things about the house you're looking at that might not be listed on the website and may be less than flattering. If you're wondering what red flags to watch out for, pay attention to the following things the next time you're at a showing. Strong Odors Many home sellers try to engage the senses in order … [Read more...]
5 Surprisingly Stylish Ways to Improve Your Living Room’s Look Using Wallpaper
From a sophisticated couch to a stunning art print, there are plenty of ways that you can dress up your living room and instantly change its vibe. You may not realize it, but wallpaper is back in fashion and becoming another popular way to instantly revamp a room. If you're contemplating ways that wallpaper can benefit your space, here are some options you may want to try out. Add An Accent A brightly colored accent wall may have been a popular trend a few years ago, but a way to bring your wall … [Read more...]
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