Selling a home usually means some updating, possibly remodeling a few areas. Kitchens and bathroom renovations reap payback at closing time, but a word to the wise: don’t over improve. You’ll set yourself up for a yield of diminishing returns. The smartest way to increase your home’s value is to bring it up to neighborhood … Continued
Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.98 percent during the week ended March 19 from 5.03 percent the prior year, marking the lowest rate since 4.96 percent in mid-January. Experts say rates could fall further in response to the Federal Reserve’s announcement that it will add $1.2 trillion to … Continued
Passage of the American Recovery and Reinvestment Act of 2009 is a step in the right direction to help the housing market begin the recovery process. Now, it’s up to potential homebuyers to take that first step too. The $8,000 tax credit couldn’t come at a better time. Late winter and spring are the prime … Continued
Affordable housing stock is one of most important components that will stimulate the housing crisis, and in turn, provide a solid foundation for economic recovery as well. The good news is recent indicators reveal that, with the decline in prices, housing is more affordable and that buyers are beginning to sign more sales contracts. According … Continued