Fed Policymakers Cut Key Rate Range by .25 Percent

Market Outlook , ,
The Federal Reserve's Federal Open Market Committee reduced its key short-term interest rate range one-quarter percent to 1.75 to 2.00 percent during it's September meeting. While FOMC members had mixed opinions on reducing the benchmark rate range for short term loans, the post-meeting statement suggested that reducing the federal funds rate was a hedge against inflation. The federal funds rate impacts short-term consumer loan rates for autos and adjustable rate mortgages, but does not impact fixed mortgage rates. FOMC monetary policy decisions are governed by the Federal Reserve's dual mandate of maintaining price stability and an inflation rate of 2.00…
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NAHB: Home Builders Remain Confident

Market Outlook , ,
The National Association of Home Builders Housing Market Index shows steady builder confidence in housing market conditions. September's index reading of 68 was one point higher than August's reading. Any reading over 50 indicates that most home builders surveyed view housing market conditions as favorable. August's original index reading was adjusted upward by one point. Component readings for the Housing Market Index were mixed. Builder confidence in current market conditions rose two points to index reading of 75; this was the highest reading year-over-year. Builder confidence in home sales over the next six months fell by one point to 70.…
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New Home Prices Going Down Making Them More Affordable

Real Estate , ,
Residential real estate developers in America are responding to a national slowdown in new home construction by building smaller homes that are more modestly priced. The demand for smaller, less expensive homes is growing, while the overall demand for new custom homes is declining. Prices decreased slightly, by about one-half percent, from the price levels in 2018 for newly-constructed homes. Lower Profits For Builders The median price for a newly-constructed home in America is $372,900. The median sales price of an existing home is $309,700. American construction companies are feeling the pressure to build lower-priced homes along with the increased…
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What’s Ahead For Mortgage Rates This Week – September 16th, 2019

Financial Reports , ,
Last week’s economic news included readings on inflation, core inflation and consumer sentiment. Weekly reports on mortgage rates and first-time jobless claims were also released. Lower Gas Prices Dampen August Inflation Rate Consumer prices fell in August; analysts attributed the decline to lower gasoline prices. August’s reading matched expectations, but was 0.20 percent lower than July’s reading. The Core Consumer Price Index, which excludes volatile food and fuel sectors, rose by 0.30 percent and matched July’s reading. Analysts expected an August core inflation reading of 0.20 percent. Rising housing and healthcare costs indicated that overall inflation would rise in coming…
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4 Simple Tips For Staying Organized With Kids

Real Estate , ,
It can be challenging to be organized when you have children. But this is only because, as a devoted parent, you want to be sure your child has everything they need to become happy, well-rounded adults some day. This usually means you'll be bringing your kids to extracurricular activities, play dates, fun events and family outings. It also typically means that over the years there will be a steady stream of school supplies, toys, new clothes and maybe even a musical instrument or two. So how can busy parents stay organized with kids?  Share A Calendar Depending on how you…
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How Long Should I Spend Looking For a New Home?

Real Estate , ,
Whether you've been looking for a home for a long time now, or you're just about to get started on the hunt, you're probably wondering how long should you spend looking for a new home. Does it take weeks to find your forever home, or months or even a year? What's typical? There Is No Typical The reality is, there is no typical amount of time it takes to find your home. There are too many variables, including how actively you're looking. Maybe you've heard horror stories of people who've been hunting for a house for a year. But come…
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Smooth Move: Do These Six Things When Transitioning Towns

Real Estate , ,
It can be physically and emotionally challenging when moving from one town to another. There are lots of things going on at once; the actual packing and moving your belongings, saying goodbye to friends, changing jobs and just getting used to a new way of living. It can be stressful, but it doesn't have to be. Try these six tips for a smooth transition. 1. Let Go Try to look forward instead of back. You will certainly want to remember all the wonderful moments you've had in your "old" town, but give yourself permission to be excited about your new…
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Using Smart Home Technology To Help Sell It

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Smart home technology is useful for many reasons. It improves security, helps improve energy-efficiency, and makes it more convenient for the home's occupants. There is also a new trend in the use of smart home technology as a sales tool to help sell a home or a condominium. A real-estate agency in Atlanta, Georgia is using Alexa® devices, along with nicely-framed display cards, to help prospective buyers learn more about a condominium that is for sale in the Districts Lofts building. There are now more than 53 million personal assistant devices, such as the Alexa® device from Amazon and the…
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What’s Ahead For Mortgage Rates This Week – September 9th, 2019

Financial Reports , ,
Last week’s economic reports included readings on construction spending, public and private-sector jobs and the national unemployment rate. Weekly reports on mortgage rates and first-time jobless claims were also released. Construction Spending Rises in August Construction spending rose 0.10 percent higher than in July according to the Commerce Department. Analysts expected construction spending to increase by 0.60 percent based on June’s reading of -0.70 percent. Construction spending was -2.70 percent lower year-over-year based on revisions to data going back to 2008. Construction spending was impacted by multiple factors including costs of labor and building materials and inclement weather in some…
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6 Smart Ways Hardware Can Upgrade Your New Home

Real Estate , ,
Decorating and putting the finishing touches on your new home is definitely one of the most fun parts of moving. It's satisfying to fill your new home with furnishings and décor choices that reflect your personality and lifestyle. One of the most overlooked aspects of decorating is the hardware. However, hardware changes can dramatically transform your home in unexpected ways. Here are some ideas to use. Install A New Door Knocker If your new home has a door knocker, replace it with a new one. If it doesn't already have one, it's easy to install a door knocker using a…
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