Weekly Economic Review: Mortgage Rates Drop to 5-Month Low, Home Resales at 10-Year High

Posted by Laine Smith on 4/21/17 10:04 AM

In this week’s economic review, mortgage rates returned to favorable lows while reports showed that home prices continue to rise and listed homes are selling quickly.

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Weekly Economic Review: Consumer Prices Drop for the First Time in a Year

Posted by Laine Smith on 4/14/17 9:57 AM

In this week’s economic review, job openings were up considerably but hiring lagged, consumer sentiment continued to increase, mortgage rates declined, and consumer prices dropped significantly.

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Selling Your Home: 4 Ways to Appeal to Millennial Buyers

Posted by Laine Smith on 4/9/17 12:24 PM

If you’re selling your home and want it to sell quickly and for top-dollar (doesn’t everyone?), you need to prepare your home to appeal to the widest group of homebuyers. Today, that demographic is the Millennials, who were behind 60 percent of home purchases in 2016. This generation has been shaping the market the last few years, and while you don’t need to turn your house into the Millennial dream home, a few things are suggested to appeal to this type of homebuyer.

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7 Ways the Fed Rate Hikes Affect You

Posted by Laine Smith on 4/5/17 8:00 AM

If you've been following news in the economic world, you know that last month the Federal Reserve moved on the decision to raise the federal funds rate for the first time in 2017 and the third time since December 2015. While their decision reflects an improving economy, there are a few ways the rate increase affects you as a consumer.

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Weekly Economic Review: Consumer Confidence Soars, Pending Home Sales Pick Up

Posted by Laine Smith on 3/31/17 8:16 AM

In this week’s economic review, mortgage rates softened for the second week in a row, pending home sales painted a pick-up for the beginning of the spring homebuying season and consumer confidence levels hit 17-year highs.

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Spring Housing Market Update: 5 Facts for Homebuyers and Sellers

Posted by Laine Smith on 3/26/17 12:35 PM

As one of the most popular times of the year to buy or sell a home, the 2017 spring housing market is off to an early start. See what mortgage rates, home prices, homebuyer traffic and home inventory are doing to shape this year’s spring market.

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Weekly Economic Review: Existing Home Sales Drop, New Home Sales Jump

Posted by Laine Smith on 3/24/17 8:00 AM

In this week’s economic review, mortgage rates softened, existing home inventory improved and new home sales climbed, mostly due to softened pricing.

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7 Reasons Why You Shouldn’t Forgo Hiring a Real Estate Agent

Posted by Laine Smith on 3/11/17 10:00 AM

Think of all the tasks you no longer need to hire out. You don’t need a travel agent to book a vacation. You don’t need to hire a web developer to design a website. So in a DIY age with the world of real estate readily available at your keyboard, do you really need a real estate agent? Yes. Here’s why.

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Weekly Economic Review: February Job Growth Thrives, Mortgage Rates Increase

Posted by Laine Smith on 3/10/17 9:57 AM

In this week’s economic review, mortgage rates increased, consumer spending jumped in February, and booming job growth boosted the likelihood of Fed rate hike in March.

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Building the Millennial Dream Home: What Home Features This Generation Wants in 2017

Posted by Laine Smith on 3/4/17 9:27 AM

Millennials made waves in the 2016 housing market as the largest generational percentage of homebuyers. They were more likely to skip over traditional starter homes and more likely to consider purchasing a new build. See what home features this young generation of homebuyers would choose when given an array of options.

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