The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed’s key interest rate and was the eighth time the Fed raised its key interest rate since 201
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09/27/2018
Simple home and yard tips don’t have to take a lot of time, but can save a lot of headaches if that first winter storm catches you unaware.Here’s a checklist to help you prepare:Assess Your Windows And DoorsTake a walk around your interior, preferably on a windy day. Check for drafts and air leak
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09/26/2018
Reality TV shows have energized everyday people to dive into the real estate market and make money flipping houses. The dramatic presentation and profitable end results make the industry seem like a sure thing. But house-flipping, like any industry, has its share of challenges.Television often pr
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09/25/2018
Opinions differ about whether home buyers are best served by purchasing an older home or new construction.New homes enjoy that “new home” smell and the idea that you are the very first occupant can be very appealing. On the other hand, older homes resonate with nostalgia and many architectural de
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09/24/2018
Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB’s housing market reading for August. Analysts cited recent tariffs on building materia
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09/20/2018
Imagine the bank depositing monthly premiums into your account instead of you writing a mortgage check. That’s basically how a reverse mortgage works. Traditional mortgages involve people paying down the interest and principal on a home loan. The goal is generally to pay off the property and cru
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09/19/2018
Homeowners looking to maximize their return on investment often want to know what season best achieves that goal. Getting near or full asking price can be influenced by a wide range of factors, including market trends, inventory and interest rates to name a few.It will come as good news to know t
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09/18/2018
Last week’s economic news included readings on consumer credit, inflation and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released.Fed Reports Consumer Credit Jumps in JulyThe Federal Reserve reported that consumer credit rose from $9 billion in J
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09/17/2018
It’s not uncommon today to move several times during adulthood, whether across town or across the country. Seasoned home buyers have been through the real estate process, often more than once. However, even if the home purchase has become routine, there are mistakes that can be avoided.Stuck In T
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09/14/2018
A young long-haul trucker driver once took an elder’s advice and invested all of his money into real estate. Even though he was seldom at home to enjoy the fruits of his labor, he hired a property management company to handle the properties. The advice that stuck with the driver was simple. “They
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09/13/2018