January 2014

Found 23 blog entries for January 2014.

interest__max5128_450realtor.com - Mortgage rates for the most popular loans decreased this week as reports of a weakening economic recovery showed a decline in December new home sales. Adding to the drop in averages — for the fourth consecutive week — was another study that showed a decrease in November home prices.

The two new reports have furthered the belief among some experts that the economy and housing market may be too weak to handle a large upswing in home prices in the short-term. In the long-term, mortgage rates are still expected to rise considerably in 2014.

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new_construction_buchachon_450zillow.com -Every year, millions of us pack up our homes and head across town or across the country to new digs. While the thrill of living in a new place can be exhilarating, the prospect of sorting through belongings, packing boxes and loading trucks is considerably less exciting.

Here are eight things you can do to prepare your home for a smoother move: 1. De-clutter 2.  Consider Storage  3.  Trim down your pantry 4.  Pack room by room 5.  Set aside Importnt items 6.  Remove Distractions 7.  Don't forget utilities 8.  Take stock of your home.

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interest__max5128_450Mortgage rates dipped for the second consecutive week, with the most popular loans falling to their lowest marks since late November.

Key rates saw a sharp dip last week amid signs that the economy and housing market may be too weak to handle a large upswing in home prices.

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Photo:  ©[Max 5128]/123RF.COM

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housemoney_volff_450Inman.com - New-home sales increased by 16.4 percent in 2013, rising to 428,000 from 368,000 in 2012, according to data released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. 

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houseinfingers_lehui_450When you buy a home, you probably assume that you own everything in and around it within the property lines. But in some parts of the country, homeowners are discovering the property they’re buying does not fully include the land beneath it.

For example, in Tampa Bay, FL a family realized at closing that their home builder had already signed away the rights to the land underneath their home to its own energy company. The “mineral rights” grant gave the energy company the freedom to drill, mine or explore for precious minerals beneath the home.

How is this even possible, and how can it be avoided? Who really owns the land beneath your home? Here’s what you need to know.

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menhouse_sellingpix_450If you’re looking to do some home improvement projects this year, sprucing up the outside of your home is going to give you the biggest bang for your buck, according to the 2014 Remodeling Cost vs. Value report released this month.

The report, an annual collaboration between Remodeling magazine and REALTOR® Magazine, compares the average cost for 35 popular remodeling projects with the value those projects retain at resale in 101 U.S. cities.

Eight of the top 10 most cost-effective projects nationally, in terms of value recouped, are exterior projects.

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blockhouse_denis-yulia-pogostins__450zillow.com - You need new floors but, at this point in life, you have far more ambition than cash. Not to worry. There are inexpensive flooring options on the market that, if you’re willing and able to tackle installation, can give your home a facelift without breaking the bank.

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Photo:  ©[Denis Yulia Pogostins]/123RF.COM

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housekeys_voronin_450Owning your own home can be a joy, but as the old saying goes, "into each life some rain must fall."

 When it comes to being a homeowner, that precipitation can be the constant upkeep a house requires. And unfortunately, sometimes when it rains, it pours.

 While no one likes the large expense involved in replacing an entire roof or all of the siding on their home, sometimes it makes the most financial sense. Spending money on repairs may be simply putting off the inevitable for a few months or even weeks before you still end up writing the big check.

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interest__max5128_450realtor.com - After seeing steady gains toward the end of 2013, key mortgage rates fell to one-month lows this week following reports of a weakening economic recovery.

The average interest rate for 30-year fixed mortgages, which surpassed the 4.51 percent threshold in the first week of January, dropped for the second consecutive week to 4.41 percent, according to the latest survey from mortgage buyer Freddie Mac.

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blockhouse_denis-yulia-pogostins__450zillow.com - If you plan to sell your home in 2014, be aware that buyers have changed since the economic downturn. They’re savvier than ever, and they’re not desperate. Many of today’s buyers are Millennials (also known as Generation Y) who’ve come of age with access to endless information via the Internet. It’s in their DNA to search, and they love photographs and sharing.

Here are three bits of advice that will make you a smart seller in 2014:

Take your photo shoot seriously

Have your home inspected before listing

Throw buyers a bone

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Photo:  ©[Denis Yulia Pogostins]/123RF.COM

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