Last week's economic news was dominated by Great Britain's vote to withdraw from the European Union. New and Existing Home Sales were released along with weekly reports on mortgage rates and new jobless claims. "Brexit" Vote Tanks Stocks, Could Cause Lower Mortgage Rates US stocks plunged in reaction to the news of Britain's decision to leave the EU and the resignation of its Prime Minister. While investors don't want to see their 401(k) values crash, mortgage rates may also fall as a result of "Brexit". Fallout caused by economic uncertainty connected with Great Britain's move to regain … [Read More...]
One of the factors involved in feeling truly comfortable in your community is the relationships that you've been able to establish with the locals in your neighborhood, but it can be hard to know how to nurture a good relationship. Whether you're moving to a new home soon or are wondering how to make some nearby friends, here are some simple tips for ingratiating the ones that live closest to you. Offer up Your Favorite Dish It might seem like a bit of a risk, but one of the best ways to get to know your neighbors is to knock on their door and bring along your favorite treat as an offering. … [Read More...]
From fixing up all the minor repairs to cleaning the house top-to-bottom, there are a lot of small details that go into organizing the perfect open house. However, in the rush to organize everything, there are a number of to-do's that are easy to forget about. If you're currently prepping your home and don't want to miss the important stuff, here are some things you should contemplate before setting the date. The Outside Look The first thing potential homebuyers will notice when they arrive at your home is the outside, and that's why it's so important not to neglect it. Before organizing your … [Read More...]
Many people think that marketing their home is best left to the realtor since they have the expertise and knowledge to succeed at selling. However, there are plenty of ways that you and your realtor can approach the marketing for your home for an even more positive impact. If you've made the decision to put your home on the market as a rental, here are a few tips so you can be sure to find the right renters. Make Use Of Social Media Sites like Craigslist have long been popular for finding a place to rent, but in the times of social media, there are plenty of other ways to reach people who are … [Read More...]
Whether you have a second property that you're going to move into or you're planning on being away from your dwelling place for a while, you may be considering putting your home on the market in order to boost your financial outlook. While students comprise one demographic that is always entering the rental market to scoop up available properties, here are some things you may want to consider before deciding on a younger renter. Will Your Home Be Rented Consistently? Many students will require a place to rent out since most of them don't have the money savings or stable income to purchase a … [Read More...]
Mortgage rates fell after Federal Reserve policymakers decided not to raise the Fed's target federal funds rate. The Federal Open Market Committee cited ongoing concerns over global financial and economic developments and slow jobs growth as factors in its decision not to raise rates. Fed Chair Janet Yellen emphasized the committee's decision-making process is not predetermined and said that ongoing review of current and developing news is significant to monetary policy decisions. Last week's economic news also included the NAHB Housing Market Index, the monthly inflation rate and retail sales … [Read More...]
