Turbulent market lots of opportunity The real estate market is in for some turbulence in 2017, but it is not time for investors to hide under their beds, according to LaSalle Investment Managements latest Investment Strategy report. While there is a good chance there will be some real game-changers with (Donald) Trump’s election, Brexit, Italian... Read more »
30 year mortgage rate rises again to four point six percent Long-term U.S. mortgage rates climbed for the seventh straight week following Donald Trump’s election victory, again marking new highs for the year. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed rate loan rose this week to 4.16 percent from... Read more »
Improve indoor air quality with houseplants Thirty years ago, a NASA study found that certain houseplants can help clean the air inside space stations, and since that time, studies have confirmed that the same houseplants may be able to do that for a home or office too. Beyond air quality, other studies have linked certain... Read more »
This year 2017 sales to expand modestly Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings and a 2017 housing forecast update from the National Association of... Read more »
It will get harder for first-time buyers The number of homes available for the average first-time homebuyer saw its steepest year-over-year drop in three years, falling 12.1 percent since 2015, according to a Trulia study. Moreover, these buyers need to pay 1.9 percent more of their income, on average, to buy a starter home in... Read more »
Fed raises key interest rate for first time in year The Federal Reserve is raising a key interest rate for the first time in a year, reflecting a resilient U.S. economy and expectations of higher inflation. The move will mean modestly higher rates on some loans. The Fed signaled in a statement Wednesday that additional... Read more »
Today buyers want a healthy homes With growing concern over soaring allergies and child asthma rates, more Americans are taking a closer look at their homes and how they may be affecting their health. It’s prompted some homebuyers to look at the amount of toxins a home may be emitting as well as its air... Read more »
Business owners suffer tech overload Three years into being a business owner, Becky Davis knew she needed to break the hold technology had on her. Davis, a marketing and management consultant to other small business owners, was so immersed in emails, texts and social media that she was getting only four or five hours of... Read more »
Thieves can tap into key fobs to steal your car A national watchdog group identified a device that lets thieves steal cars that use key fobs. The device, which allows a person to open car doors, start vehicles and drive them away, suggests the auto industry is entering a perilous frontier in which tech-savvy criminals... Read more »
Struggling homeowners get holiday break No one will be evicted from their home during the holiday season, say most mortgage lenders, who traditionally delay evictions or foreclosures during the holidays. Both of the major government sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – that buy and sell mortgages in the secondary market have... Read more »