When most people talk about real estate, they envision buying an already-built house on already-landscaped property. However, buying vacant land and building a new home is a great way to ensure that you get the home that you want in the location that you want.
What’s Ahead For Mortgage Rates This Week – Sept 8, 2014
Last week’s housing-related economic news was slim, likely due to the Labor Day holiday Monday. On Tuesday, the U.S. Commerce Department reported that construction spending for July increased by 1.80 percent as compared to June’s revised reading of 1.0 percent and expectations of a 1.0 percent increase for July.
You Ask, We Answer: Understanding the Real Estate ‘Short Sale’ and How This Process Works
Hereâs what you need to know about how short sales work and what circumstances might call for one.
Children Leaving the Nest? 3 Pieces of Sage Advice You Can Share About How to Manage a Mortgage
As your sons or daughters prepare to take the plunge into home ownership, make sure they follow three crucial tips that will help them during the mortgage process.
Applying for a Mortgage? Three Questions Your Lender Will Ask You – and How to Prepare Your Answers
Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. Here’s how you can prepare to answer these questions in a way that will increase your likelihood of approval.
What’s Ahead For Mortgage Rates This Week – Sept 2, 2014
Last week’s economic news included several reports related to housing. The Case-Shiller and FHFA reports for June showed a further slowing in home price growth. New home sales for July fell short of the expected reading, but pending home sales exceeded expectations.
Six Key Questions to Ask when Hiring a Real Estate Agent to Market and Sell Your Home
How do you find someone you can trust who will make you feel confident they can sell your home quickly for the best price possible? Here are the questions you should be asking.
Case-Shiller, FHFA Report Slowing Growth in Home Prices
The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent.
Refi or Wait? How to Choose Between Refinancing Your Mortgage Now or Waiting Until You Need the Money
For those homeowners who have lived in their home for more than a few years, pulling equity out of the property is a tempting potential benefit. However, with property values and interest rates adjusting frequently, you may wonder if now is the best time to refinance your mortgage.
DOC New Home Sales and NAR Existing Home Sales
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of expectations and June’s reading, the new homes sector is volatile and subject to change.
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