22 Dec 2022
By Aadil Nathoo

NAHB: Home Builder Confidence in Housing Markets Slips in December

Financial Reports, ,
December’s National Association of Home Builders Housing Market Index reported slipping builder confidence in U.S. housing markets. The Housing Market Index readings fell every month in 2022. Recently rising mortgage rates, materials costs, and inclement winter weather contributed to builder skepticism about current housing market conditions. December’s National  Housing Market Index reading of 31 was the lowest since mid-2012 not including readings published during the pandemic. By comparison, the Housing Market Index reading for December 2021 was 84. The three indices comprising the Housing Market Index reported mixed readings in December. Current home sales decreased by three points and home…
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20 Dec 2022
By Aadil Nathoo

Mistakes To Avoid When Organizing Your Home

Mortgage, ,
If your house has a tremendous amount of clutter in it, you might finally think it is time to do something about it. Now is the perfect opportunity for you to get your house organized, and you probably want to start by tackling the piles of clothing and paper in the middle of the floor. Before you jump in feet first, take a look at a few mistakes you need to avoid when organizing your home. Buying Boxes Before Assessing The Situation You might be ready to start throwing items in boxes, but you need to assess how much you…
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19 Dec 2022
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 19, 2202

Financial Reports, ,
Last week’s economic reporting included readings on inflation, retail sales, and the Federal Reserve’s Federal Open Market Committee meeting.  Fed Chair Jerome  Powell held his scheduled post-meeting press conference and weekly readings on mortgage rates and jobless claims were also released. Federal Reserve Raises Target Interest Rate Range The Federal Reserve’s Federal Open Market Committee announced its decision to raise the Fed’s target interest rate range to 4.25 to 4.50 percent from its previous range of 3.75 to 4.00 percent. Fed Chair Jerome Powell said in remarks made during his scheduled press conference, “We’re going into next year with higher…
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16 Dec 2022
By Aadil Nathoo

Should You Consider Purchasing A Newly Built Home?

Mortgage, ,
If you have been in the process of looking for a home for a long time, you understand just how difficult it has been. You may have considered building your own house, but after seeing the bidding wars for land before you even start building, you may have crossed newly built homes off your list. Now, there are a few reasons why you should consider adding new homes back to your search.  There Is An Elevated Supply Of Newly Built Homes Right now, there is an elevated supply of newly built homes. Even though the overall inventory of available houses…
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15 Dec 2022
By Aadil Nathoo

Are Firefighter Mortgages Legit?

Mortgage, ,
As a firefighter, you put your life on the line every day. You are there when people need you the most, and you might be wondering how you can finance a home. Even though the housing market has gotten expensive, there are special programs that firefighters can take advantage of. That way, you might have an easier time purchasing the house of your dreams. Special Programs Are Available For Firefighters As a rule of thumb, people are expected to put 20 percent down for a home. This can cost tens of thousands of dollars, and it might be difficult for…
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