August 20, 2019 rummy

There’s a good side in everything, rising home prices included. Today we’re listing down not one, not two, but three benefits of growing equity in your home. Read more to find out. 1. Move-Up Opportunity With the rise in prices, homeowners naturally experience an increase in home equity. According to the Homeowner Equity Insights from CoreLogic, “In the first quarter of 2019, the average homeowner gained approximately $6,400 in equity during the past year.” This increase in profit means if homeowners decide to sell, they’ll be able to put their equity to work for them as they make plans to…

August 6, 2019 rummy

Home is not just a place to live, it offers so much more to the owner and his family. Whatever reason you may have for thinking of buying a home, here are three more good ones to make that decision now. 1. Affordability Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However, affordability is determined by three components: Price Wages Mortgage Interest Rate Prices are up, but so are wages – and interest rates have recently dropped dramatically (see #2 below). As…

July 31, 2019 rummy

Are you fed up with the consistent rise in rent? Have you ever thought of buying a home instead of paying someone else’s mortgage? What’s holding back could simply be your hesitation as you may be pleasantly surprised by what’s needed to purchase a home. According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying within the next 5 years, and 38% are planning to buy within the next 2 years. When those same renters were asked why they disliked renting, 52% said rising rental costs were their top reason. The results of the…

July 6, 2019 rummy

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June 18, 2019 rummy

If you ask prospective home buyers what they think the biggest obstacle they need to tackle is, sure enough, you’ll hear two constant answers come up in almost all of them. Let’s find out what they are and see if any of them holds ground. Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will…

June 11, 2019 rummy

If you’re planning to buy a home for your family this year and debating whether or not you should wait before the big jump, you must read this. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. Home values will continue to appreciate. Waiting may no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that…

June 7, 2019 rummy

For years now, real estate has been at the top of many American’s lists of the preferred investment format. With constant irregularities, market fluctuations, and other influential factors the gap varies indicating the number of Americans who still trust in real estate to be a solid investment. For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case. Gallup explains: “Between 2008 and 2010, covering most of the Great Recession period that saw plummeting home and stock values, Americans were as likely to name savings…

June 6, 2019 rummy

Many buyers worry about home prices because of news about “affordability crisis” here and there, although there is truth to some statements that home prices now is less affordable than it was a decade ago, we cannot overlook other factors in today’s overall markets. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability Index. According to NAR, the index… “…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.” Their…

April 24, 2019 rummy

Replacing your mattress can be exhausting. Navigating the stores and websites, debating between foam and springs, and determining how much to spend can leave you feeling like you need a good nap. Here are the factors you should consider when you’re shopping for a perfect night’s sleep. Mattress construction: The most popular mattress types are inner spring mattresses, memory foam mattresses, and adjustable air mattresses. Each has pros and cons when it comes to durability and comfort customization. ​Firmness: Mattress firmness plays a huge role in the quality of your sleep. Mattresses that are too firm or too soft can…

April 22, 2019 rummy

Buying a home is an exciting milestone, but after you’ve completed the purchase and moved in, you’re responsible for maintenance. In other words, you no longer have a landlord to fix that running toilet or a leaky faucet. Luckily, you don’t need an arsenal of tools to handle most home maintenance fixes. These five tools will cover most of your basic projects. Cordless drill. A cordless drill is a must-have for installing cabinets, drawer pulls, hinges, picture frames, shelves and hooks, and more. Whether it’s for do-it-yourself projects or repairs, you’ll use your cordless drill just about every month. Drain…