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22 Apr 2019
By noelkelman

What’s Ahead For Mortgage Rates This Week – April 22nd, 2019

Financial Reports, ,
Last week's economic news included readings on home builder confidence in housing market conditions and Commerce Department reports on housing starts and building permits issued. Weekly readings on mortgage ratees and first-time jobless claims were also released. NAHB Housing Market Index: Builder Confidence Rises One Point in April Home Builder Confidence readings posted by the National Association of Home Builders held steady for April and rose one point overall. Component readings for the NAHB Housing Market Index were mixed; builder confidence in current housing market conditions rose one point to an index reading of 69, but builder confidence in housing…
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19 Apr 2019
By noelkelman

4 Ways A Little Paint Can Revitalize Your Home

Real Estate, ,
Fixing up your home doesn't have to be a budget-breaker. You can revitalize the look of your property with a little bit of paint in the right places. Here are some areas that will really stand out to visitors or prospective home buyers. 1. Front Door The front door always makes the first impression on visitors to your home. Remember that while they are waiting to enter your home, potential buyers have nothing to do except get a good look at your front door. For maximum impact, paint the front door a contrasting color to your house color. If budget…
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18 Apr 2019
By noelkelman

NAHB: Home Builder Confidence Rises in April

Market Outlook, ,
Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April's reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions. November's builder confidence reading was the lowest since housing markets tanked in 2008, Builder confidence recovered over the past few months despite headwinds including higher materials costs and shortages of labor and buildable lots. Home Builder Confidence Holds Steady Despite Headwinds NAHB Housing Market Index readings over 50…
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17 Apr 2019
By noelkelman

Can You Really Buy Off-Planet Real Estate?

Real Estate, ,
Real estate agents are constantly looking for new listings, which will attract potential buyers. We no longer need to limit our search for good listings to planet Earth because Mars is now for sale. Although this may sound a bit far-fetched at first, it is not such a strange concept if you consider the serious efforts being made to colonize Mars with the commercial efforts by companies like Space X. There is a company, called Lunar Land, which is already selling acres of land on Mars as a novelty. Historical Precedent Off-planet land sales have already had considerable success for…
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16 Apr 2019
By noelkelman

Home Maintenance Tips: How to Organize Your Garage

Real Estate, ,
Perhaps you plan to sell your home in the next few months or years. Keeping your garage organized can save time and ensure that you have storage space when you need it most. Get Your Purge On! Clear out the garage and separate items into categories: keep, trash, donate and recycle. If you get rid of 50 percent of your stuff, you're doing great. The more you can get rid of up front, the less you have to organize! And if you haven't used it in years, why would you need to keep it around? Create Zones Map out space…
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15 Apr 2019
By noelkelman

What’s Ahead For Mortgage Rates This Week – April 14th, 2019

Financial Reports, ,
Last week's economic readings included reports on inflation, mortgage rates, and first-time jobless claims. Monthly reporting on consumer sentiment was delayed. Consumer Price Index: Inflation Rises in March The Consumer Price Index rose 0.40 percent in March, which matched expectations and surpassed February's month-to -month reading of 0.20 percent growth. The March reading showed the highest consumer price growth in 14 months; higher rents, fuel and food prices contributed to month-to-month price gains in March. The Core CPI excludes volatile food and energy sectors and was unchanged in March although 0.20 percent growth was expected. February's reading showed 0.10 percent…
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12 Apr 2019
By noelkelman

When Is The Best Time To Do Your Roof Maintenance?

Real Estate, ,
Perform roof maintenance on sunny days when there's less chance of slipping. Blocking off a weekend twice a year gives you plenty of time to complete the items below without rushing or taking unnecessary risks. The beginning of spring and fall present the best opportunities to complete your maintenance before the weather turns too hot or too cold. Loose Debris Removal Remove leaves, branches and accumulated debris before winter sets in. Set up a ladder, preferably with another person holding the ladder steady, and clean off as much debris as possible without risking your safety. General Inspection Start in the…
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11 Apr 2019
By noelkelman

FOMC Minutes Reveal Fed Policymakers U-Turn

Real Estate, ,
Members of the Federal Reserve's Federal Open Market Committee voted to hold the target range of the federal funds rate to its current range of 2.25 to 2.50 percent. The minutes of the most recent Committee meeting cited softening domestic and global economic conditions as reason for not raising the target federal funds range. While labor markets remained strong, the minutes noted that household spending and business investment slowed in the first quarter of 2019. FOMC members expected Gross Domestic Product growth to slow as compared to its 2018 pace. While current inflation and the national unemployment rate fell in…
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