According to the National Association of Home Builders, July builder sentiment dipped to an index reading of 64 as compared to June's revised reading of 66, the original reading was 67. Analysts expected the reading for July to increase to 68. Builders cited increasing lumber prices as a concern affecting builders' outlook on housing market conditions for new single-family homes. Any reading over 50 for the NAHB Housing Market Index indicates that more builders than fewer are positive about housing market conditions, but July's reading was the lowest in eight months. NAHB said that home … [Read More...]
It has never been more popular to live a "green" lifestyle and develop sustainable living practices that will help out the planet. While you may be used to recycling cardboard boxes and giving away your old hand-me-down clothes, there are probably a few household items you didn't even know you could recycle! If you're wondering what to do with some of your old, used items, here are a few things that may be ready for re-use. Re-constituting Your Lenses It's common to think your eyeglass prescription only works for you, but an easy way to re-use old eyeglasses is to take them to your local … [Read More...]
Inflation Rate Stays Flat in June Inflation was flat in June, but achieved a 0.00 percent reading as compared to May's – 0.10 percent reading. Analysts expected a June reading of +0.10 percent reading month-to-month. The Federal Open Market Committee of the Federal Reserve has established a benchmark reading of 2.00 percent inflation year-over-year as an indication of economic recovery. In recent months, the Fed has increased its target federal funds rate at each meeting of the FOMC. A slowdown in inflation and other economic indicators may cause the Fed to halt rate increases until … [Read More...]
An open house is a good opportunity to get out and about to see what kind of home you're looking for and if it will work for you. Fortunately, they can also be a good opportunity to find out some things about the house you're looking at that might not be listed on the website and may be less than flattering. If you're wondering what red flags to watch out for, pay attention to the following things the next time you're at a showing.
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Many home … [Read More...]
Many people are dealing with issues involving debt or poor credit history, but most aren't necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it's the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you're looking to improve your understanding especially when looking to get pre-approved for a home loan or just to ensure you get the best rate and payment on your mortgage to buy a home or refinance, here's what you need to know about small mistakes and your FICO … [Read More...]
Whether you've just finished school, starting a family, or tired of renting, buying a home can be one of the biggest financial decisions of your life. But as you'll soon discover, there are a number of considerations you'll need to make. There's a lot of misinformation nowadays about buying a home and home loan requirements and it can be difficult to know where to start. Read on below for three questions that will help you get started on making a decision on whether now is the best time to dive into the market and buy a home in relation to your personal situation.
Do You Have A Down … [Read More...]