Economic readings released last week included Case-Shiller and FHFA Home Price Indices and reports on new and pending home sales. The week wrapped up with a report on consumer sentiment and weekly readings on mortgage rates and new jobless claims. Case-Shiller, FHFA Report Faster Home Price Growth Home prices rose by 3.80 percent year-over-year in December according to Case-Shiller’s National Home Price Index. Case-Shiller’s 20-City Home Price Index rose by 2.90 percent year-over-year in December as compared to November’s reading of a 3.50 percent gain over-over-year; … [Read More...]
Think of backyard space as "in-between" or transitional space that is a bit like being inside while being outside. Sunrooms, screened-in covered patios, outdoor kitchens, spas, fire pits and more, are all becoming very popular ways to make more use of the backyard. Making use of the outside area is not limited to only the times of the year that have nice, warm weather. Sitting around a fire pit, with a blazing fire in it, is a perfect way to spend a chilly winter evening under the stars. This is a bit like camping out, without having to leave the comfort of your home. Here are some tips about … [Read More...]
There are two times when it is best to buy a home. When you have to buy one and when you can afford to buy one. In general, owning a home is better than renting one because you are building up equity for yourself, instead of throwing your money away by helping the landlord buy the property with your rent money. Best- And Worst-Case Scenario Planning Be prepared for owning a home, especially if this will be your first time as a homebuyer. There is a natural tendency to stretch finances to the breaking point when wanting to own a home. Try to be patient and have a contingency plan for what would … [Read More...]
Heading to a new place can be an exciting time; however, this is going to have an impact on someone's relationships with family members and friends. The idea of relocation can be stressful for these emotional attachments. This can cause some hesitation as individuals and families adjust to living in a new place. These are a few tips that everyone should keep in mind. Keep In Touch Of course, one of the most important tips for coping with the move is to keep in touch. This doesn't mean that these relationships need to die. Simply arrange ways to talk with each other. This starts with phone … [Read More...]
It is important for everyone to take steps to diversify their assets. While many people take this to mean holding multiple stocks, bonds, and mutual funds in the market, this also includes branching out into the real estate industry. The real estate industry is far more stable than the stock market and provides a fantastic opportunity to generate reliable returns. At the same time, there are lots of options to choose from when it comes to investment properties. Here are a few tips everyone should keep in mind. Buying And Renting One option is to purchase a single-family home as a second … [Read More...]
Last week’s scheduled economic reporting included readings on builder confidence in housing markets, housing starts and building permits issued and sales of previously owned homes. Weekly readings on mortgage rates and first-time jobless claims were also released. NAHB: Builder Confidence Remains Strong Despite Challenges February data from the National Association of Home Builders indicated strong builder confidence in housing market conditions overall, but February’s index reading was one point lower at 74. Readings over 50 indicate that most builders have a positive outlook on … [Read More...]
