Blog – Page 748 of 757

27 Mar 2013

Rising Sales Prices Are Excellent News For Homeowners Across America

Housing Analysis

The National Association of REALTORS® released its monthly Existing Home Sales report on March 21 and gave investors and home sellers something to cheer about. While February sales of existing homes didn't meet investor forecasts of 5.00 million homes sold on a seasonally adjusted annual basis, the actual number of existing (previously owned) homes came close at 4.98 million homes sold. This number surpassed January's revised reading of 4.94 million homes sold by 0.8 percent. Sales of existing homes comprise approximately 85 to 90 percent of homes sold in the U.S. Investors watch existing home sales for evaluating housing markets…

26 Mar 2013

By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 25th, 2013

Mortgage Rates

Last week's economic news was dominated by events in Cyprus and the Federal Open Market Committee (FOMC) meeting on Wednesday. Mortgage rates fell last Monday as investors became concerned over news that a Cyprus bank bailout was in the works. Federal Reserve Holding Course With Mortgage Backed Security Purchases The FOMC met on Wednesday and in a press release after the meeting, noted that no immediate changes to the present economic easing program would be made. The Fed officers will continue to monitor the nation's economy, and are eventually expected to implement a gradual reduction of their monthly bond and…

22 Mar 2013

By Mark Feder

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How To Spot And Treat Mold In Your Home

Around The Home

The first sign of mold you notice may be a musty smell in your home. After looking around, you spot what looks like mold -- don't panic! You can remove unhealthy mold from your house without it costing a small fortune. Check To Be Sure It's Really Mold Mold can look many different ways, which depends on the type. Some are grayish-white or black and can look like a dirty smudge. If you're in doubt that a spot is mold, you can do a test with chlorine bleach. Simply put a drop on the spot. If the color immediately fades…

21 Mar 2013

By Mark Feder

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Fed Meeting Statement Reveals Good News For Real Estate

Federal Reserve

The Federal Reserve's statement after yesterday's Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed's dual commitment to keeping long term interest rates down and encouraging economic growth. No changes to the Fed's current bond-buying program were made during today's FOMC meeting. The Fed's monthly purchase of $85 billion in bonds and MBS works by boosting bond prices, which typically helps with keeping mortgage rates lower. The Fed reaffirmed its position that it will not withdraw or reduce monetary easing until the unemployment rate is substantially lower. Unemployment Rate Improving Nationally Fed predictions for the national…