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Home Builder Future Sales Confidence Rises To New Highs

Housing Analysis , ,
Home builders are gaining confidence in current and future market conditions for new homes, but continue to see below-average foot traffic in new homes. The reading for May's National Association of Home Builders (NAHB) /Wells Fargo Housing Market Index (HMI) increased by three points to a reading of 44 as compared to April's revised reading of 41. The HMI measures builder confidence in current sales conditions for newly built homes, buyer foot traffic in new homes and builder expectations for future sales conditions. Builder Confidence In Future New Home Sales Highest Since February 2007 The HMI reading for current sales…
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7 Tips To Make Your Living Room More Appealing To Home Buyers

Home Selling Tips , ,
Everyone knows that first impressions are important. By carefully staging your home, you can positively influence the feelings your potential buyers have when they are viewing the property. Staging is the art of decorating and arranging the spaces within your house to make it more appealing to buyers. If you can adapt the rooms to create an attractive and welcoming zone that home buyers can see themselves in, they will be more likely to buy your property. One of the most important rooms to stage is the living room, because it is such a central part of the house. This…
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Know Your Real Estate Disclosure Laws Before You Sell Your Home

Home Selling Tips , ,
When deciding to sell a piece of real estate, there are certain things you must disclose about the property to the buyer before the sale can go through. Disclosure laws are put in place to protect the buyer from unknowingly purchasing defective property. Not disclosing certain information about the property can jeopardize the sale, or worse, invite a lawsuit. This has become more of an issue lately as some sellers are tempted to gloss over deficiencies in the home they are selling in order to try to get a higher sales price.  In fact, a recent poll of real estate…
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What’s Ahead For Mortgage Rates This Week – May 13, 2013

Mortgage Rates , ,
Mortgage rates rose last week with average rates a 30-year fixed rate mortgage rising from last week's 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points. Average rates for a 15-year fixed rate mortgage rose from 2.56 percent to 2.61 percent with buyers paying their closing costs and 0.7 percent in discount points. Freddie Mac also reports that average rates for a 5/1 adjustable rate mortgage rose from 2.56 percent last week to 2.58 percent with buyers paying their closing costs and 0.5 percent in discount points.  Here are noteworthy points from…
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May 2013 RealtyTrac Foreclosure Report Shows Strength For The US Housing Market

Housing Analysis , , ,
RealtyTrac recently reported that national foreclosure filings are down while foreclosure filings are seeing marked increases in some states. There are two systems for foreclosing residential real estate in the United States; judicial and non-judicial foreclosure. The states individually decide which foreclosure process will be followed in their state. Click Here To Download An Overview Of The Foreclosure Process Judicial foreclosure requires action by the courts because the mortgage is not written including a "power of sale clause". Judicial foreclosure proceedings generally take longer than non-judicial processes due to this court involvement. A log-jam of delayed judicial foreclosures are beginning…
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What Women Want In Homes This Mother’s Day

Home Buyer Tips , ,
Whether you're looking to buy a new house this month or do a little remodeling, take advantage of the opportunity to give the mom in your life a present she'll appreciate every day. Below are a few ideas for housing priorities and renovation projects that typically rate high on women's wish lists for their homes. Open Living Areas The open floor plan is usually a big plus for any mother. They want to be able to cook dinner in the kitchen while monitoring their children's schoolwork at the dining table. So look for a house that affords this visual luxury…
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Upswing In April 2013 Jobs Report Signals Good News For Real Estate

Housing Analysis , ,
The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report. 165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April. 673,000 jobs have been added since January. Jobs were added in employment sectors including business and professional, health care and eating and drinking establishments. The main impact of the jobs report on home sales and mortgage lending is the ability of would-be home buyers to qualify for mortgage loans. Long term unemployment…
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How To Maximize Those Awkward Spaces In Your Home

Around The Home , ,
In almost every home, there are awkward spaces that are difficult to utilize. Especially in older houses, there are rooms, closets and nooks that once had a purpose that is now outdated. So before you try to cover it up or fill it with junk, take a look at the smart solutions below to see how you can revitalize those problematic spaces and turn them into something useful. The Space Under The Stairs While this is likely to be more of a hiding spot for dust-bunnies than teenage wizards, it is valuable space that you don't have to board up.…
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What’s Ahead For Mortgage Rates This Week – May 6, 2013

Mortgage Rates , ,
Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Average rates for a 5/1 adjustable rate mortgage (ARM) fell to 2.56 from last week's average of 2.58 percent Discount points for last week's mortgage rates ranged from 0.7percent for 30 and 15 year FRM loans to 0.5 percent for a 5/1 ARM. Rock-bottom mortgage rates can offset the impact of rising home prices. Last…
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Can The Right Color Help Sell Your Home Faster?

Home Selling Tips , , ,
When it comes to selling your home , you've probably thought of the most common staging tricks, such as clearing out the clutter to make your rooms look bigger and bringing in more light to brighten things up. However, have you considered that the colors in your house might affect whether buyers are interested? First impressions are everything when you are selling a house, so think about how the colors you choose will likely influence your potential buyers. A new coat of paint could be a simple and effective way to make your house more appealing. Here are a few…
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