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Upswing In April 2013 Jobs Report Signals Good News For Real Estate

The Bureau of Labor Statistics released its monthly Non-farm Payrolls and National Unemployment Rate for April last Friday. These two reports are collectively called the Jobs Report. 165,000 jobs were added in April, while the unemployment rate dropped from 7.60 percent in March to 7.50 percent in April. 673,000 jobs have been added since January. Jobs were added in employment sectors including business and professional, health care and eating and drinking establishments. The main impact of the jobs report on home sales and mortgage lending is the ability of would-be home buyers to qualify for mortgage loans. Long term unemployment…
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How To Maximize Those Awkward Spaces In Your Home

In almost every Solana Beach home, there are awkward spaces that are difficult to utilize. Especially in older houses, there are rooms, closets and nooks that once had a purpose that is now outdated. So before you try to cover it up or fill it with junk, take a look at the smart solutions below to see how you can revitalize those problematic spaces and turn them into something useful. The Space Under The Stairs While this is likely to be more of a hiding spot for dust-bunnies than teenage wizards, it is valuable space that you don't have to…
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What’s Ahead For Mortgage Rates This Week – May 6, 2013

Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Average rates for a 5/1 adjustable rate mortgage (ARM) fell to 2.56 from last week's average of 2.58 percent Discount points for last week's mortgage rates ranged from 0.7percent for 30 and 15 year FRM loans to 0.5 percent for a 5/1 ARM. Rock-bottom mortgage rates can offset the impact of rising home prices. Last…
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Can The Right Color Help Sell Your Home Faster?

When it comes to selling your home in Solana Beach , you've probably thought of the most common staging tricks, such as clearing out the clutter to make your rooms look bigger and bringing in more light to brighten things up. However, have you considered that the colors in your house might affect whether buyers are interested? First impressions are everything when you are selling a house, so think about how the colors you choose will likely influence your potential buyers. A new coat of paint could be a simple and effective way to make your house more appealing. Here…
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