Last week’s scheduled economic reporting included readings from the National Association of Home Builders and a statement from the Federal Reserve’s Federal Open Market Committee. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Builder Confidence Falls In December Homebuilder confidence in market conditions for single-family dropped by four points in December to an index reading of 86. December’s reading was the second-highest on record after November’s reading. Component readings of the Housing Market Index also dropped. Builder … [Read More...]
Every owner of condominium property automatically becomes a member of a homeowners association, otherwise referred to a "HOA" throughout the United States or a "Strata" in Canada. With that membership come certain rights and responsibilities. The primary right that the owner has is to vote at HOA meetings and elect board members. Responsibilities include payment of condo fees and assessments, compliance with association by-laws and rules, and maintaining a condo unit in conformity with those by-laws and rules.
Let's take a quick look at various other terms you may hear about from your new … [Read More...]
During the past few months, many people have been stuck at home. Whether this involves working from home or going to school from home, many home appliances are receiving more use than usual.There might be more breaks, clogs, and leaks than most families are used to dealing with. Many families are tired of spending money on technicians and mechanics and might be looking for a more cost-effective way to deal with home repairs. There are a few key home repairs that homeowners can handle on their own. Stopping A Leaky Faucet Leaky faucets are among the most common issues homeowners deal with. … [Read More...]
During the past few months, people have been spending much more time at home than usual. Therefore, many people are looking for ways to upgrade their homes. A common area of focus is the kitchen. Even though many people are thinking about upgrading cabinets and countertops, the kitchen pantry should also be a target for home improvement. There are a few simple ways that everyone can improve their kitchen pantry. Use Vertical Storage One of the top tips for everyone to follow is to use vertical storage capacity. It is a smart idea for everyone to build in a few extra storage areas by … [Read More...]
For those who are looking to buy a home, they know that this is one of the most exciting experiences in the world. There is something special that comes with looking at a bunch of homes and envisioning a life there. On the other hand, the prospect of saving 20 percent of the home’s value to put down might seem overwhelming. Fortunately, there are a few creative ways that people can save up enough money to purchase their starter dream home. Talk To The Seller One of the first tips that people need to keep in mind involves talking to the seller. There are a bunch of items that need to be … [Read More...]
Last week’s scheduled economic reporting included readings on inflation and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Rate Rises in November Inflation rose by 0.20 percent in November according to the federal government, but this reading fell short of the Federal Reserve’s goal of achieving 2.00 percent inflation annually. November’s year-over-year inflation rate was 1.20 percent. October’s inflation reading was flat and analysts expected inflation to grow by 0.10 percent in November. Core inflation, which … [Read More...]