Several reports showed home prices continue to increase as affordability falls, however affordability will plummet even more next year. The Federal Reserve plans to raise interest rates once more this year, and several times over the next couple of years. Currently, the 30-year fixed-rate mortgage hovers near 4%. A new report from Arch MI gives
Home prices continue to hit new highs with the latest increase in May, a slowdown from April’s increase but still up month-over-month, according to the House Price Index released by the Federal Housing Finance Agency. Home prices increased 0.4% monthly in May, according to the seasonally adjusted monthly House Price Index. This is down from
Home prices continued to increase in May, however experts explained housing is not repeating the bubble period, according to the latest report from S&P Dow Jones Indices and CoreLogic. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, increased 5.6% in May, the same increase as the month
We all want to save energy and money, right? But it’s not always so easy – perhaps you don’t have the time for a home energy audit, or maybe there simply isn’t room in the budget for that energy-saving appliance you want. No worries! Here are some quick and easy ways to reduce your home energy usage
We’re all bummed that Michael Phelps didn’t race a real shark. Instead of heading to the beach, we’ll console ourselves during the non-viewing hours of Shark Week by splashing around somewhere we know it’s safe to go in the water: a cool and refreshing backyard pool. Check out these nine gorgeous swimming pools – any of
Existing home sales dropped in June as housing inventory was unable to keep up with the increasing demand for homes. Housing demand continues to increase, one expert explained, suggesting existing home sales could increase once again later this year. “There are several factors that are helping to boost housing demand, including: solid job gains, faster
The road to homeownership can be bumpy, and it’s often filled with unexpected turns and detours. That’s why it makes sense to have a real estate pro help guide the way. While real estate websites and mobile apps can help you identify houses you may be interested in, an experienced agent does much more, including:
Low income households struggle in many cities across the U.S. as home prices rise and housing inventory shrinks. Low-income households are defined as those who make less than 80% of the local median income level. However, some low-income levels might be surprising. In San Francisco, for example, the low-income limit is registered as an annual
Whether your home improvements are for you or potential buyers, consider their impact on your home’s potential resale price before picking up your toolbox (or the phone to call a contractor). A brand-new kitchen or bathroom will undoubtedly wow potential buyers, but there’s no guarantee you’ll recoup the money you put into those pricey remodels.
A dated home on the James River in Williamsburg, VA was in need of a face-lift and a coastal touch to echo its waterside setting. The home, located in Williamsburg’s beautiful Governor’s Land neighborhood, was gutted and updated with timeless materials. Wood floors were refinished in a darker stain, and the walls were painted in