Last week's economic releases included the National Association of Home Builders' Housing Market Index along with reports on housing starts, building permits and sales of previously owned homes. Weekly reports on new jobless claims and mortgage rates were also released. NAHB: Builder Sentiment Dips amid High Demand for Homes Home builder confidence in current housing market conditions dipped from September's index reading of 65 to 63. September's reading was the highest since the peak of the … [Read more...]
Don’t Trash This: 7 Common Home Items That You Can Repurpose and Give New Life
There are untold benefits to reusing old household items instead of tossing them. Not only are you reducing your ecological footprint, but you can also save lots of money by recycling what you've already bought. Read on for some common items that are easily repurposed. Finish The Milk, But Don't Toss The Jug Go for plastic milk jugs instead of cartons and easily repurpose them as, for example, watering cans. Simply, and carefully, use a nail and a hammer to poke several holes in the lid. Go for … [Read more...]
Understanding Appraisals and What to Do If Your Home Doesn’t Appraise for Its Purchase Price
It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your down payment if your home has been appraised at less than you envisioned, here are some options you may want to consider. Review The Appraisal Contingency Clause If an appraisal contingency clause is built into the terms of your contract, this … [Read more...]
NAHB Housing Market Index Dips 2 Points
According to the National Association of Home Builders, overall builder confidence in housing markets dropped two points in October to an index reading of 63. September's reading of 65 was the highest posted since the housing bubble peak. Component readings for October's housing market index were mixed; the reading for builder confidence in market conditions over the next six months rose one point to 72. Builder confidence in current housing market conditions fell two points to 69. Builder … [Read more...]
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