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How To Choose The Right Neighborhood When Buying A Home

The old real estate cliche' about "location, location, location" is true, as the area of the city where your home is located will have an impact on its future value as well as your lifestyle. So what factors should you consider when you are choosing which neighborhoods to house hunt within? Proximity to Your Daily Needs If you work downtown, living out in the suburbs means that you will be adding time for a commute onto your day. While this might be worth the cheaper prices for properties out of the town center, it is something to consider when making…
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What’s Ahead For Mortgage Rates This Week – August 12, 2013

Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. They indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans. According to CoreLogic, U.S. home prices increased at their fastest pace since February 2006. Mortgage rates rose incrementally, and the Weekly Jobless Claims report came in lower than the expected 339,000 at 333,000 new jobless claims. Monday: Bank loan officers surveyed indicated that while mortgage lending requirements have…
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Quick Tips To Beat The Heat And Save On Your Electric Bill

Summer always brings with it a hard choice: Do you turn down the thermostat to stay cool and resign yourself to high power bills? Or, do you sweat it out to save some dough? If you've been struggling with this dilemma, don't fret. With a programmable thermostat, you can beat the heat and save money, too. They are easy to install and can save you over $100 a year. The key is that they have different temperature settings for certain times of the day. The latest models can be self-installed, are easy to program and can be controlled over the…
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RealtyTrac Report Shows Home Prices Increasing At Highest Rate Since 1977

U.S. housing markets continue to drive the economic recovery according to data released by RealtyTrac Inc. National home prices rose by 11.90 percent year-over-year for June. 48 states reported rising home prices with only Delaware and Mississippi reporting lower home prices. Nevada led the states with a 26.50 percent gain over June 2012. Cities also fared well on housing prices; 99 of the 100 largest U.S. cities reported gains in home prices. Rising Home Prices And Mortgage Rates, Short Supply Of Homes According to Mark Fleming, chief economist for CoreLogic, home price trends are rising at their fastest pace since…
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