Inflation dominated last week’s economic readings and predictions as it hit a year-over-year growth rate of 9.10 percent in July. Inflation reached its highest year-over-year growth rate since 1981. Gasoline prices eased somewhat, but not enough to provide relief against a backdrop of high housing and food prices. Low and moderate-income consumers were disproportionately impacted as rents rose beyond near-record inflation and home prices remained out of reach for many would-be home buyers. Inflation Causing Hardship for Moderate-Income Consumers Consumers faced with rapidly growing … [Read More...]
When you're just moving into a neighborhood, it can be hard to know exactly what you're getting into. Certainly, you can see the sights for yourself and read about your new community online, but there are still things that may not be readily available. If you're looking for the cold, hard facts on the safety of your neighborhood, look no further than the following websites for the things you'll want to know. Situation Alerts on SpotCrime By simply typing your street address in at SpotCrime, you will get an instant report of all the criminal goings-on in your community from arson to assault. … [Read More...]
Right now, it is difficult for people to purchase a house. Prices are very high, inventory remains at record low levels, and this is contributing to bidding wars. Even though everyone is having a hard time finding a house, Millennials and Gen Z buyers are struggling more than other people. What are some of the biggest hurdles that these buyers need to overcome? A Lack Of Familiarity One of the first problems that Millennials and Gen Z buyers have to overcome is a tremendous lack of familiarity with the housing market. Many people that fall into this category are buying a house for the … [Read More...]
If you take a drive around your neighborhood, there is a high chance that you will see a bunch of houses for sale. All of a sudden, you feel a bit of curiosity strike you. You might not be looking to move, but you might want to go look at that house anyway. There is nothing wrong with doing so! There are several reasons why you should still go and take a look at houses that are for sale even if you are not looking to move. You Can Estimate The Value Of Your House One of the first reasons why you should check out an open house is that you get an estimate of the value of your home. Your house is … [Read More...]
Even though many people are focused on some of the most common mistakes that first-time home buyers make, there are also a lot of mistakes that first-time sellers make. Your house is an investment, and the time to capitalize on that investment is when you sell your house. What are some of the mistakes you need to avoid if you want to find the best deal possible? Setting The Price Too High One of the most common mistakes that sellers make is setting the price too high. Yes, you want to get as much money for your house as possible, but you do not want to be unrealistic about the money you think … [Read More...]
You’re ready to purchase a home, but you’ve looked at everything on the market and can’t find the perfect place. You’ve researched the school districts, neighborhoods and nearby amenities, and you know exactly in which area you want to live. However, anything that comes on the market in that part of town gets snapped up immediately. It’s time to get creative when it comes to buying a home. Start looking at places that are not currently for sale. You might have driven past your dream home, but you never thought of going the unconventional buying route. Well, take a … [Read More...]
