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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
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Housing Is Now a Primary Inflation Driver
Housing prices, which rose 5.2% in August from a year earlier, with a 0.5% monthly gain accelerating from July, accounted for over 70% of the 12-month increase in core CPI. Maybe this will spur coordinated, sensible, and practical policies to fuel more construction without delay. (Barrons) 9/12/2024
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How to Prepare Your Best and Final Offer
How to Prepare Your Best and Final Offer: By making a thoughtful and competitive “best and final” offer you increase your chances of securing the property while demonstrating seriousness and commitment to the seller.
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What Is A “Best and Final” Offer in Real Estate?
You may need to make a “best and final offer” in a real estate transaction under the following circumstances: Making a thoughtful and competitive “best and final” offer increases your chances of securing the property while demonstrating seriousness and commitment to the seller.