Houston is one of the best places to live in America because of its booming job market. Above average salaries and countless opportunities are the two main things that are attracting so many people to this area. The economy has improved and will continue to do so in the time to come. Despite the positive outlook, Houston does have its …
Last month, industrial production increased at rates faster than predicted. This serves as the latest sign that economy is finally beginning to boom this year. What about the housing industry? Can the same be said for it as well? Not right now. The development of new homes has increased, but it has yet to meet market demand. Compared to the …
A recent report, published by the Consumer Financial Protection Bureau, summarizes the biggest challenges which borrowers face when they apply for mortgages. There are so many borrowers who until the end are not very certain about mortgages and still have their doubts. Come closing time, and all of them are confused and frustrated. The pressure is definitely on them because …
So you are searching for a home. Did you get a pre-approval on your mortgage or have yet to get it done? If the latter is your situation, tend to this first before you start looking for properties. We will tell you why this is so important. Indeed, there was a time when borrowers sought for pre-approval in the end, …
Are you ready to become a homeowner? The market conditions are still good enough, even for buyers. But before you do so, you will have to take care of some things, especially if you are a first-time homebuyer. Earlier this year, the Dodd Frank Act was enforced. Under this new policy, to-be homeowners have to submit more documents as proof …
Kitchens remain a top remodeling project in 2014, according to the Member Profile Study done by the National Association of the Remodeling Industry (NARI), in time for National Home Improvement Month this May. Eighty-two percent of NARI members identify kitchens as their No. 1 service. This year, the association’s 2014 CotY Awards program, which recognizes top projects in 25 categories, …
If your answer is yes, you have a lot of preparation to do. Indeed, it is a seller’s market and you do have an edge, but that is when you compare yourself with the buyers. What about other sellers? They are also part of the game, and you really must set yourself apart from them. Buyers will not only be …
Mortgage applications increased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2014. The Market Composite Index, a measure of mortgage loan application volume, increased 4.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5 …
Declines in home values experienced during the recession have already been, or are close to being, erased in almost 20 percent of metro housing markets nationwide as values continue to rise, according to the first quarter Zillow Real Estate Market Reports. U.S. home values climbed 5.7 percent year-over year in the first quarter, to a Zillow Home Value Index of …
