Nationwide production and permitting of new homes rose sharply in September to their highest levels in more than four years, according to newly released figures from HUD and the U.S. Census Bureau. A 15 percent gain brought the pace of new housing construction to a seasonally adjusted annual rate of 872,000 units, while an 11.6 […]
Even if the temperatures are still mild in your neck of the woods, there is no denying that winter is on its way, and it’s time to winterize your home. According to the Insurance Information Institute (I.I.I.), many winter-related disasters can be prevented if people take a few simple steps to protect their home from […]
Nothing turns off prospective homebuyers more than bugs and critters – dead or alive. And when there are visible signs of rodent pellets on the floor, some prospective buyers may even run out of the house screaming. Home sellers need to ensure that bugs and critters don’t turn a potential sale into a lost opportunity, […]
A fire is one of the greatest homeowner fears. Not only could you lose your home and valuables but, more importantly, your family could be at risk! To put your mind at ease, and protect your home from potential fires, follow these simple tips. -Change the batteries in smoke alarms and carbon monoxide detectors every […]
If you’re at the point of having a home inspection done, Congratulations! You’re that much closer to getting your dream home! But, as with any of the steps to purchasing your home, there are key points to address and understand. The following are items you’ll want addressed before settlement: •Know that the home inspector is […]
You can find out more about an existing property and neighborhood before you buy than you can a new home in a newly developed community. Things to consider: Ask homeowners already living in a development about the builder. If none currently live there, find out where the builder has previously built and speak to those […]
As reported by Paul Ausick at www.dailyfinance.com and RISMedia, mortgage applications increased 11.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 7, 2012. This week’s results include the customary upward adjustment for the Labor Day holiday. The Market Composite Index, […]
Mortgage rates continued to climb this week, with the average rate on the benchmark 30-year fixed mortgage rising for the third consecutive week, to 3.86 percent according to Bankrate.com’s weekly national survey. The average 30-yearfixed mortgage has an average of 0.42 discount and origination points. But, let’s keep these numbers in perspective. These rates are […]
According to the U.S. Economic and Housing Market Outlook for August released recently from Freddie Mac, the so-called shadow inventory might not be as foreboding as many thought. This is largely attributed to the rate at which excess housing is being absorbed. Other highlights from the Outlook include: •The Freddie Mac House Price Index for […]
A recent analysis of government data by the National Association of Home Builders (NAHB) reveals that the geographic distribution of households headed by someone age 55 or older is fairly even across most of the country, with more than 30 percent of all households in every state meeting this description. The study sheds valuable light […]
It can be tempting to buy or sell a home on your own. More and more, consumers are gathering information from the internet and feel confident that they have all the information they need to get through the transaction. However, the vast majority of real estate consumers eventually come to realize the many benefits of […]
With so many great homes on the market and historically-low interest rates still intact, Buyers can find their dream home at record-breaking values. It takes a little homework and preparation to get that home at the best price possible. But, with help, Buyers’ dreams can come true. To help buy a home at the best […]
There are many reasons to consider downsizing your living space. Maybe you just want less house to maintain and less “junk” to look after. Perhaps your nest is empty and you just don’t need all that space. Or you may be looking for a change of venue; moving to a more urban setting will likely […]
A first time homeowner can find buying a new home exciting and overwhelming. When shopping for quotes, there are five areas that are especially important. Here are tips to get the best coverage at the most affordable price. 1. Know the difference between the replacement cost and the market value. Depending on how much was […]
The Deloitte Consumer Spending Index (Index) posted another monthly increase in April as the pace of falling new home prices slowed. The Index tracks consumer cash flow as an indicator of future consumer spending. “The Index has been undergoing a mix of changes as housing, energy prices and unemployment tip back and forth each month,” […]
Welcome to Anne Koons’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Cherry Hill. Visit my website at http://AnneKoons.featuredwebsite.com.