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20 Sep 2013

Quick Tips To Beat Out Cash Buyers

Home Buyer Tips

You've been searching for the perfect home for quite a while, and finally, you've found it! You get all of your finances in order and place an offer on the house. However, you're not the only one that loves the home, because there are multiple offers — and one of them is cash. Cash buyers are seen as desirable because they're almost always a guaranteed quick close. They don't have to borrow money from a bank therefore won't have any financing hang-ups, which is where a large portion of offers fall through. Don't worry; not all hope is lost. Follow…

19 Sep 2013

By Mark Feder

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Fed Meeting Minutes Expose Mortgage Rates As Remaining Historically Low

Federal Reserve

The Federal Open Market Committee of the Federal Reserve decided not to reduce the Fed's current quantitative easing program of purchasing $85 billion monthly in Treasury securities and mortgage-backed securities. Going against wide expectations that the Fed would reduce the QE purchases, Fed Chairman Ben Bernanke said that current economic conditions aren't strong enough to warrant tapering. The Federal Reserve May Reduce Monthly Securities Purchases The FOMC, which sets monetary policy for the Federal Reserve has hinted that it might soon reduce the monthly securities purchases, but has also stated that it would closely review emerging economic news and conditions…

18 Sep 2013

By Mark Feder

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Home Builder Confidence Has Far Outpaced Actual Home Construction

Housing Analysis

Home builder confidence was unchanged for September according to the National Association of Home Builders/Wells Fargo Housing Market Index HMI released Tuesday. After four months of rising confidence, September's HMI reading came in at 58, which was not far from expectations of a reading of 59. August's reading of 58 was revised from 59. Readings over 50 indicate that more builders view housing market conditions as being positive than negative. Housing Market Index Readings Rise Components of September's HMI include readings for home builder views of current market conditions, which maintained August's reading of 62. The September reading for buyer…

17 Sep 2013

By Mark Feder

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Don’t Overlook These Important Factors When Buying A New Home

Around The Home

Most of the time when buying a property, there are a few obvious factors that you will consider – such as the location, the number of bedrooms, the accessibility to schools or your workplace, the need for repairs and any interior features. However, there are a few things that might not have crossed your mind during your house hunting but are still quite important. Water Quality Most home buyers don't even think about the water quality at the property until they get to the inspection stage. However, if you find out that the home has hard water this will dull…