Last week’s financial and economic reporting included readings from S&P Case-Shiller Home Price Indices, the Federal Housing Finance Agency and the federal government reported on construction spending. Reports on public and private-sector jobs growth and the national unemployment rate were also published along with weekly readings on mortgage rates and jobless claims. S&P Case-Shiller: Home Price Growth Expected to Slow in 2022 National home prices grew by 19.20 percent year-over-year in January as compared to December’s year-over-year pace of 18.90 percent according … [Read More...]
If you're considering selling your home in the near future, you may be tempted to simply cut out the middleman and opt for an FSBO sale. However, selling a home is a major undertaking, and most "For Sale By Owner" home sales run into obstacles. So why is an FSBO sale such a problem for most homeowners? Here are three reasons why you'll want an agent to represent you instead of going it alone. An FSBO Puts You At Risk Of A Lawsuit Selling a home involves mountains of paperwork, and in order to make the transfer of ownership legal and above board, there is a large amount of minutiae that need to … [Read More...]
Owning rental properties is a great way to diversify investments. Similar to the stock market, homes come in many shapes and forms. Some people are looking for short-term rental properties while other people are looking for long-term rental properties. What are the differences between them, and why might one person choose to own one of these properties over the other? What Is A Long-Term Rental? In general, long-term rental property is defined as any property that has a standard lease that is longer than 12 months. Many people think about apartments, condos, and single-family homes as … [Read More...]
U.S home prices grew at a near-record pace in January according to the National S&P Case-Shiller Home Price Index; year-over-year home prices rose by 19.20 percent in January as compared to December’s reading of 18.90 percent. Home prices rose 1.80 percent on a month-to-month basis from December to January. While home prices continued to grow at near-record rates, home price growth slowed in some areas during December but picked up in January. Craig M. Lazzara, managing director at S&P Dow Jones Indices, said: “Last fall we observed that home prices, although … [Read More...]
You might have heard that more people are refinancing these days. During the refinancing process, you essentially take your current home loan and replace it with a different one. You can reduce your mortgage payments, shorten the life of your loan, or withdraw cash you can use for other purposes. What are a few of the signs that indicate you should consider refinancing? You Can Secure A Lower Interest Rate If you think you can secure a lower interest rate on your mortgage, it might be time to refinance. There are a number of reasons why you might be able to get a lower interest rate … [Read More...]
Last week’s economic reporting included a speech and press conference by Federal Reserve chair Jerome Powell, data on pending home sales and sales of new homes, and the University of Michigan’s monthly reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Fed Chair: Rate Hikes Above 0.25 Percent May be Needed to Ease Inflation Federal Reserve chair Jerome Powell said that the Fed is willing to move beyond its recent 0.25 percent rate hike to control inflation. In a speech made to the National Business Association for Business … [Read More...]
