08 Oct 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 8th 2018

Financial Reports, ,
Last week's economic reports included readings on construction spending and labor reports on public and private-sector job growth. The national unemployment rate was released along with weekly reports on mortgage rates and weekly jobless claims. Construction Spending dips in September, but Residential Construction Spending Rises Construction spending rose 0.10 percent in September, but residential construction spending fell 0.70 percent month-to-month. Construction spending was 4.10 percent higher year-over-year. January through August construction spending was 5.30 percent higher than for the same period in 2017. Analysts estimated a shortage of approximately four million homes; which accentuates demand and drives prices up. In recent…
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05 Oct 2018
By Aadil Nathoo

5 Things To Know About Severe Weather And Homeowners Insurance

Real Estate, ,
The average homeowner feels secure knowing they have insurance in the event of a severe weather calamity. Most people believe that no matter what happens, they have paid for protection against disaster. Unfortunately, not every homeowners insurance policy provides full reimbursement from severe weather losses. Hurricanes, tornados, earthquakes and other rare catastrophes may not be covered under your current policy. Consider the impact of these extreme events and whether you are fully insured for the subsequent losses. 1: Hurricane Damage May Not Be Fully Covered The recent national mobilization to deal with the fallout from Hurricane Florence highlights just how…
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04 Oct 2018
By Aadil Nathoo

Best Things To Do Now To Get Your Finances Mortgage Ready

Mortgage, ,
You probably already know that qualifying for a mortgage can be the biggest hurdle -- aside from actually finding that dream property -- along the path to home ownership. Rather than agonizing about it, however, there are some positive actions you can take in advance to help you realize your dream. Take A Close Look At Your Budget If you don't currently operate with a comprehensive household budget, get started now to analyze your income and monitor your spending habits. There's no better way to prepare for home ownership than by being realistic about how you spend your money. If…
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03 Oct 2018
By Aadil Nathoo

Case-Shiller: Home Prices Hit 11-Month Low in July

Real Estate, ,
Home price growth slowed to its lowest pace in nearly a year according to the Case-Shiller Home Price Indices. National home price growth averaged 6.00 percent year-over-year as compared to 6.20 percent growth in June. The 20-city home price index rose 0.10 percent in July to a seasonally adjusted rate of 5.90 percent year-over-year. Slowing home price growth was attributed to buyer fatigue and rising inventories of available homes. Las Vegas Home Price Growth Tops 20-City Home Price Index Las Vegas, Nevada topped the 20-City Home Price index with a year-over-year home price growth rate of 13.70 percent. Las Vegas…
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02 Oct 2018
By Aadil Nathoo

What Are The Housing Market Projections For 3rd Qtr 2018 — And Beyond?

Real Estate, ,
The National Association of Realtors (NAR), in its ongoing analysis of home sales statistics, believes that prices will continue to rise during the third quarter, but that uncertainty over elections could be a factor during the second half of the year. However, NAR's report noted that in July, a typically lackluster month, home prices rose by about nine percent, and days on market decreased significantly, perhaps signaling a strong start for the third quarter. National statistics don't necessarily tell the whole story, however. In addition, what will happen in the fourth quarter is, at this point, a bit more difficult…
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