Modest price increase can push out thousands of buyers, NAHB finds
Nearly 130,000 potential homebuyers in the United States would be unable to afford a newly constructed home if its price increased by $1,000, according to the National Association of Home Builders.
Housing confidence falls in year-end Fannie Mae survey
Fannie Mae's index measuring confidence in the housing market dropped in December after a slight uptick in the previous month. The decrease was primarily due to an increase in the number of people who did not consider it a good time to buy a home.
Why Use a REALTOR®? – Part 2
But if you're still not convinced of the value of a Realtor®, here are the last six of twelve more reasons to use one. Two weeks ago the first five were published on Jan. 11.
Places where your home is losing heat
Any home will feel toasty when you've been spending some time outside in the chilly air. But once you've been inside for awhile—or perhaps when you get a look at your heating bill—you might realize that your home isn't preserving...
Mortgage demand hits new low in Fannie Mae survey
The share of mortgage lenders reporting or expecting growth in mortgage demand hit new low points in the fourth quarter of 2018, according to the latest Mortgage Lender Sentiment survey from Fannie Mae. Lenders also had a negative outlook on profit...
Existing home sales increase for second month but continue annual decline
Sales of existing homes in the United States posted an improvement from the previous month in November, the second consecutive month of increases. However, sales were down from the same month in the previous year for the ninth straight month.
Fewer respondents expect home price growth in NAR survey
Less than half of the respondents in a recent survey by the National Association of Realtors said they think home prices in their community will go up in the next six months. The survey also reflected diminishing enthusiasm for homebuying...
Converting a church into a residence
Churches may become vacant when a congregation outgrows the space, or when dwindling membership forces a congregation to find a smaller house of worship or merge with another congregation. When the building goes on the market, homebuyers have an...
Value perceptions remain close to appraisals as end of year approaches
Homeowner estimates of their property's value have stayed close to appraised values throughout the year, according to the retail mortgage lender Quicken Loans. Although homeowners have consistently overestimated how much their residence is worth,...
Why use a REALTOR®? – Part 1
All real estate licensees are not the same. Only real estate licensees who are members of the National Association of REALTORS® are properly called REALTORS®.
Homeowners often use multiple funding sources for home improvement projects, survey finds
Most homeowners who completed a home renovation in 2017 dipped into their savings to do so, according to a recent survey by the real estate site Houzz. However, people also tended to use multiple sources of funding and were often comfortable...
Fannie Mae housing survey shows cooling sentiments toward selling, optimism on income
Expectations of slower home price growth and higher mortgage rates helped temper feelings about the housing market in Fannie Mae's latest National Housing Survey. However, respondents were also more likely to report income gains or expect their...
Paring down your belongings before a move
Everything you own needs to be packed up and shipped out when you move to a new residence. So this is a perfect time to assess your belongings and decide which items you really don't need anymore.
Homesource
Southeastern Connecticut's guide to homes and home ownership. Buying, selling, landscaping, renovating, organizing, and more! Published: Every Friday
