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Fireplace mantels are an incredible interior design
Fireplace mantels are an incredible interior design – or staging – opportunity. They can define the style of a home, whether sleek or minimalist, or traditional/classic. A ‘fireplace’ can be merely decorative too, and added to any room, anywhere. An ethanol burning fireplace creates a flame, heat….but zero smoke or fumes and requires no ventilation systems. (COMPASS) 9/30/2024
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Are you planning to renew your lease?
62% of renters renewed their leases in the second quarter of this year, up from 60.5% a year ago. (WSJ) 09/29/2024
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Will the Fed lower rates further in the coming months?
Despite the Fed approving a half percentage point reduction in its baseline short-term borrowing rate, Treasury yields – that impact mortgages – have been moving higher…..many attribute this to a rebalancing of expectations. Many predict the Fed will lower rates more over the coming months. (CNBC) 09/28/2024
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Most basic home insurance policies DO NOT cover many events
Most basic home insurance policies do NOT cover the following: a fallen tree that does not impact a structure, earthquaukes, flooding, damage caused by a car, an aggressive dog’s damage/injury, war, home businesses, mold and other pests, water and sewer backups, neglect damage, identity theft and sinkholes/ground collapse. (YAHOO) 09/27/2024
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Mortgage-free primary homes?
About 60% of homeowners ages 65 to 79 are mortgage-free on their primary homes. About 77% of older adults want to age in their current home. (WSJ)09/26/2024
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A new wave of home renovations?
The Fed’s decision to cut the benchmark interest rate by a half point on Wednesday could spur a new wave of home renovations as more people ready their properties for sale or take advantage of cheaper improvement loans. That means U.S. homeowners who plan to pay all cash for their remodel may want to start
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6.2% – 30-Year Fixed-Rate Mortgage
The 30-year fixed-rate mortgage averaged 6.2% last week, down from almost 8% in the fall of 2023. This may be the biggest opportunity for some to lower their monthly cost of housing via re-financing if they ‘dated the rate, married the house’…..? Those financing now may be able to negotiate a lower rate later if/when rates drop
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Any Security Risk In Listing Your Home?
Is your home listed on mass websites posing a security risk? Sites like Zillow, Redfin and Realtor.com often show detailed interior photos of homes, and they stay on the website even after the home is sold in some cases. Criminals are using these images to help in their robbery attempts…. thanks Rick Doak of COMPASS Houston/Benham
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“Dirty Kitchen” – The New Kitchen Trend
The ‘dirty kitchen’ keeps growing in popularity, that second enclosed area of a kitchen where you can pile up dirty dishes and other stuff that you don’t wish to have exposed to the room a kitchen might be attached to. We introduced this concept in a kitchen of a property we marketed over a decade ago,
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New 30-Year Fixed Rate
The 30-year fixed-rate mortgage averaged 6.20%, down from last week’s 6.35% and well below – down 20% – the two-decade high of 7.79% in October, 2023. Is a FOURTH QUARTER BOOM coming? (CNN) 9/13/2024