Last week’s economic news included readings on inflation, job openings, and weekly reports on jobless claims and mortgage rates. Inflation Rate Slows in August After posting 0.60 percent growth for each month in June and July, the Consumer Price Index rose by 0.40 percent in August. These growth rates offset declines in inflation during the first three months of the COVID-19 pandemic. Used vehicle prices increased after deep discounts offered when the pandemic started; analysts said that rising prices for used vehicles offset losses in previous months and produced low inflation for … [Read More...]
For many people, owning a home is their dream. The COVID-19 pandemic has impacted the entire country and has left many people wondering if they can still afford to own a home. While this might put some things on hold, there are steps that everyone can take to keep the dream of owning a home alive. Get Pre-Approved For A Mortgage The first step that you should complete if you would like to own a home is to get pre-approved for a mortgage. The pre-approval process will give you a firm idea of what you can afford. Then, you can start to narrow your search and find homes that are within your price … [Read More...]
During the past few months, the housing market has been through a lot of changes. One of the biggest changes that have taken place involves new home construction demands. While there are plenty of homes that have already been built and are ready to be sold, there are plenty of people who are deciding to build new homes instead of buy existing ones. Now, the demands for new home construction are at heights that have not been seen in close to 15 years. This has led to a business boom for local contractors. While building a new home is a great option, it is also a choice that requires a team of … [Read More...]
So you've found the perfect home, but there's just one problem: the kitchen isn't as big as you'd like it to be. At first glance, a smaller kitchen might seem like a deal-breaker, especially if you love to cook. With a few space-saving design tricks, though, you'll have all the space you need and then some. It's all about making the most of what you've got. Here's how you can turn even the smallest kitchen into an efficient cooking and dining space. Fill Up The Walls: There's Ample Storage All Around You Walls are a surprisingly underused surface area in most kitchens. From spice racks to … [Read More...]
Last week’s scheduled economic news included readings on construction spending and labor sector reports on public and private sector jobs. The national unemployment rate was also reported. Weekly readings on mortgage rates and jobless claims were also published. July Construction Spending Rises Construction spending rose from June’s seasonally adjusted annual pace of $1.363 billion to $1,365 billion in July. The U.S. Census Department reports construction spending and readings are subject to adjustment. Growth in construction spending is due to a demand for homes in less … [Read More...]
If you are looking to sell a home in the current market, then you know that the COVID-19 pandemic has changed the way many people look at the world and this includes their home. Therefore, buyers need to think about whether or not their homes have what buyers are looking for. While this is a hot market and sellers could quickly end up with multiple offers for their homes, they are more likely to get a higher offer if their home has one of the key features that buyers in today’s market will love. A Home Office Without a doubt, this is one of the most popular features today. With the … [Read More...]
