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What happens when you lower mortgage rates?
The number of agreed-upon sales in the U.K. was 25% higher in the 4 weeks to Sept. 22 than a year earlier as households that had previously held off from making moving decisions over the past 2 years returned to the market. The number of homes available for sale rose 12% in the period. (WSJ)…
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Buzzwords and trends in luxury bathroom design these days
What are the big buzzwords and trends in luxury bathroom design these days? Texture. Tech. Wellness. Double-Duty. Grout-free. Imperfection. (Architectural Digest) 10/2/2024
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Soil testing
Soil testing is an important element when buying a home: recently some homeowners in a wealthy suburb discovered builders had put about a million tons of coal ash in the ground under construction projects in town. Since 1980, 180 million tons of coal ash have been used as a substitute for dirt in construction projects around…
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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