california: Mortgage News For The Week of Aug 25, 2014
- 08/25/14 12:05 AM
Mortgage News For The Week of Aug 25, 2014 Last week’s economic news brought several reports related to housing. The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for August rose by two points to 55, which was its highest reading in seven months. Components of the NAHB HMI include builder surveys on conditions related to upcoming sales of new homes, which rose by two points for a reading of 65. Builder sentiment concerning present sales conditions also rose by two points to 58. Builder views on prospective buyer traffic rose from 39 to 42. Readings … (0 comments)
Last week’s economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected. Here are the details. Pending Home Sales Reach Highest Level in Eight Months The National Association of REALTORS® reported that pending home sales in May rose by 6.10 percent over April’s reading. May’s reading was 5.20 percent lower than for May 2013. The index reading for May reached 103.9 as compared to … (0 comments)
Real estate investments are still going strong and will probably continue to be a popular method of financial gain for some time in the future. Real estate is solid. It is a tangible product that is attractive to both beginning investors and experienced pros. The most important part of getting started in real estate investing is knowing what you’re getting into and what to watch out for. Here are 4 top tips from real estate investment professionals: Understand The Realities Real estate investment, like any form of investment, is risky. Do not … (1 comments)
Harsh winter weather conditions contributed to home prices falling in January. The S&P Case-Shiller 20-City composite index reported that home prices dropped by 0.10 percent in January, but after seasonal adjustments, home prices increased by 0.80 percent in January as compared to December. 12 of 20 cities posted declines in home prices in January.
There’s no cause for alarm, as year-over-year home prices increased by 13.20 percent as compared to year-over –year readings of 13.40 percent in December and 13.70 percent in November. David Blitzer, chair of the S&P … (0 comments)
california: Should You Pay Off Your Mortgage Early
- 03/18/14 01:03 AM
Should You Pay Off Your Mortgage Early For those of us who have a mortgage, we know very well how stressful it can sometimes be to make the monthly payment on time. And then for some of us, late payments are inevitable. In fact, in 2013, from October to December, a whopping 3.85 percent of homeowners were behind on their mortgage payments. And while this percentage may seem a bit high, it’s actually quite lower than it was earlier in the year of 2013, when more than five percent of homeowners were failing to make mortgage payments on time. … (3 comments)
Last week’s economic reports provided rays of light as compared to the recent slump in positive economic news.
Unusually severe winter weather conditions affected housing-related indicators as home builders and home buyers stayed on the sidelines.
With spring on the horizon, last week’s economic news showed welcome signs of growth.
Job Openings Up, New Jobless Claims Fall
Employment is a major factor in the decision to buy a home; would-be home buyers received a vote of confidence last week as January’s job openings increased … (0 comments)
california: Mortgage News For The Week Of February 03, 2014
- 02/02/14 11:38 PM
Mortgage News For The Week Of February 03, 2014 Last week brought mixed news; while the Department of Commerce reported a dip in new home sales, mortgage rates also fell. The Federal Reserve’s FOMC statement revealed that quantitative easing would be further reduced by an additional $10 billion monthly. New Home Sales: Y-O-Y Reading Best Since 2008 December’s reading of 414,000 for new home sales fell short of November’s revised reading of 445,000 new homes sold as well as expected sales of $455,000. The consensus figure was based on November’s original sales reading of 464,000 new homes sold. The … (0 comments)
Everyone wants their pipes to last as long as possible, but there are a couple of simple problems that might be sucking the life out of your plumbing. Long-term stress is the enemy when it comes to your water system. Here are the three most common plumbing enemies. High water pressure, mineral-laden hard water, and grease. Keep reading for tips to avoid these three mistakes. You won't be sorry and your water system will last years longer. Take The Pressure Off Your Pipes You may enjoy high water pressure when … (4 comments)
california: Homeowners See A Rise In Home Equity
- 01/29/14 10:58 PM
Homeowners See A Rise In Home Equity According to the S&P/Case-Shiller 10 and 20-City Home Price Indices released Tuesday, the U.S. Housing Market is on a roll based on year-over-year increases in average home values, but month-to-month results were mixed. The 10 and 20-City Home Price Indices showed year-over-year growth of 13.80 and 13.70 percent respectively. Highlights Include: Dallas, Texas posted its highest rate of annual growth since 2000. Chicago’s average home price rose by 11.00 percent, its highest annual gain since December 1988. The 10 and 20-City Indices posted their best November home prices since 2005. Top year-over-year … (3 comments)
According to the National Association of Homebuilders/Wells Fargo Homebuilders Market Index for December, builder confidence recovered in with a reading of 58. This surpassed both expectations of 56 and last month’s reading of 54.
Analysts noted that builder confidence has steadied after the government shutdown in October. December’s reading was the highest in four months. Dave Crowe, NAHB chief economist, said that his organization was expecting a “gradual improvement in the housing recovery” in 2014.
Any reading above 50 indicates that more builders are confident about … (3 comments)
Have you been considering paying off the mortgage on your home in two biweekly payments rather than one monthly payment? This may seem like it wouldn’t make a difference, but the truth is that biweekly payments really do add up more quickly.
Here's how. Since there are 52 weeks in a year you will end up making 26 payments every year – this is equal to 13 months rather than 12. Which means that your mortgage will be paid off more quickly and you will save money on interest … (3 comments)
california: Mortgage News For The Week Of December 2, 2013
- 12/01/13 11:07 PM
Mortgage News For The Week Of December 2, 2013 The short holiday week brought an abundance of economic reports last week. Highlights included pending home sales, the S&P Case-Shiller Housing Market Indices and the FHFA home price index. No reports were released on Thursday and Friday in observance of the Thanksgiving holiday. The NAR released its Pending Home Sales report for October. Although pending home sales dropped by -0.60 percent, the decline was less than September’s reading of -4.60 percent. NAR showed higher home prices and mortgage rates along with concerns over the then-pending government shutdown as factors that … (0 comments)
Are you trying to save for a down payment on a home? In order to save up a huge amount of cash for the down payment on your first mortgage, you will need a solid savings plan.
Taking out a mortgage on your new home as a first time homebuyer is a huge step. The more you can put down as payment the better. The down payment on a mortgage reduces the principle of the loan and means that you will be paying tens of thousands less in … (1 comments)
With the economic downturn, anyone dealing in real estate quickly became familiar with previously little-known terms such as foreclosure and short sale. Now that the housing market is picking back up and people are moving on, a new term is coming to light — zombie titles.
The Zombie Title
A Zombie Title is when a home has been vacated because the owners defaulted on their loan and their bank started the foreclosure process. But, for some reason the bank never completed the foreclosure and sold the home.
So, when … (3 comments)
california: Tips To Make Your Final Walkthrough A Breeze Before Closing
- 10/15/13 01:46 AM
Tips To Make Your Final Walkthrough A Breeze Before Closing The final walkthrough on your property is approaching quickly and the home buying process is almost complete. Remember, it is still important to pay close attention to this final step, as it will be crucial in the success of your home purchase. The final walkthrough is your final opportunity to ensure that everything in the home is in working order and that there are no potential problems waiting for you when you take over ownership of the property. When making the arrangement for conducting a final walkthrough of the … (1 comments)
california: Protect Your Home Against A Break In
- 10/10/13 01:41 AM
Protect Your Home Against A Break In Having your home broken into can be completely devastating. Burglars not only steal your stuff; they steal your peace of mind. While this is the sort of thing you think will never happen to you, it’s worth the time and effort to make sure you’re not a target. Below are a few strategies to help secure your home against a break-in. Use Landscaping As A Barrier Purposefully place plants in spots that create a natural barrier to your home. Plant thorny rose bushes in front of bedroom windows and remove overgrown shrubs … (0 comments)
Home inspections can be a tense time for everyone involved. While sellers are fervently hoping that nothing major is wrong with their home that could hold up the transaction. The buyers are eager to hear that their new house is in prime condition. Whatever side you are on, one thing is for sure; any news from an inspector is usually bad news. Home inspectors have a rough job. They have to be trained to spot hundreds of potential issues with a home and be knowledgeable of local codes, … (0 comments)
california: When Are Home Equity Loans A Good Idea?
- 10/08/13 12:56 AM
When Are Home Equity Loans A Good Idea? A home equity loan is a type of loan that allows you to use the equity of your home as collateral. It is an option that home owners have available to them and that some people use to pay for major expenses such as home renovations, college education or medical bills. These types of loans became popular in 1996 because they provided a way for consumers to circumvent their tax charges for that year, which eliminated the deductions on the interest for most consumer purchases. Is it a good idea to … (1 comments)
california: Can Home Additions Increase The ValueOf Your Home?
- 10/03/13 07:10 AM
Can Home Additions Increase The Value Of Your Home? When you own a home, there are some additions that you can make to the property that will improve the value of your home. For example, a newly renovated kitchen or bathroom are great choices that will really can make a home more desirable to buyers. Also, adding storage space, a well-thought-out family room or other practical space can be a very good investment that will bring up the home’s value. But beware, there are other projects that are not worth your time or money and will allow very little … (1 comments)
california: Will An Interest-Only Mortgage Work For You?
- 10/02/13 01:16 AM
Will An Interest-Only Mortgage Work For You? Have you been researching your different options for a mortgage on your home, you might have heard of an “Interest-Only Mortgage”. Are you wondering what exactly does this type of mortgage mean and how does it work? Usually when you take out a loan, you must pay back the capital debt (the amount you borrowed) and the interest on that debt. An interest-only mortgage offers a cheaper option for purchasing a property, because you will only be making payments on the interest and not the capital. Compared to a repayment style mortgage … (1 comments)
Mortgage News For The Week of Aug 25, 2014 
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