Townhouse Construction Townhouse construction is outperforming other building sectors, a new analysis from the National Association of Home Builders shows. In the third quarter of this year, townhouses accounted for 33,000 residential construction starts compared to 27,000 in the second quarter of 2017. Construction of townhomes is 24 percent higher than the prior four quarters. …
Tag: News
Nov 26
A Bit Tougher to Get a Brand-New Home
A Bit Tougher to Get a Brand-New Home The rise of housing affordability concerns is sparking a slowdown in new-home construction. Single-family housing starts fell 1.8 percent in October compared to the previous month, the U.S. Commerce Department reported Tuesday. “This month’s decrease in single-family starts isn’t a surprise given the drop in our builder …
Nov 21
Are you a first time home buyer?
Are you a first time home buyer? Here are some of the loan programs we offer for the first time home buyer. Conventional: Minimum credit score:620 5% minimum down payment required Private mortgage insurance (PMI) required if less than 20% down Gift funds allowed VA: 100% home financing – no down payment Minimum credit …
Nov 20
Some Appraisals May Force FHA to Raise Costs
Some Appraisals May Force FHA to Raise Costs Inflated home appraisals are partly responsible for what the Federal Housing Administration expects to be a $14.4 billion loss in mortgage insurance over the next few years—a cost that likely will be passed on to borrowers, according to an agency analysis. If the losses continue, the FHA …
Nov 19
Get ready for Luxury Real Estate to Hit the Auction Block
Get ready for Luxury Real Estate to Hit the Auction Block Real estate auctions have largely been considered an option for unloading foreclosures and distressed homes, but it’s becoming a growing option in the luxury market. The number of multimillion-dollar homes that have sold at auctions in the past year has nearly doubled, CNBC …
Nov 16
Surprise Home Repairs
Surprise Home Repairs In the first year of ownership, 44 percent of homeowners say they experienced an unexpected home repair. And 12 percent said they experienced a surprise repair within their first month of moving in, according to a new NerdWallet survey of about 2,000 U.S. adults. Nearly half—or 48 percent—of surveyed American homeowners say …
Nov 15
Master Bathroom Trends
Master Bathroom Trends Grays, mixed metals, and farmhouse styles are some of the most popular trends for remodelers taking on sprucing up their master bathroom. The 2018 U.S. Houzz Bathroom Trends Study is based on a survey of more than 1,100 homeowners who are planning or recently have completed a master bathroom renovation. Some of …
Nov 14
Home loan options to best serve you – purchase and refinance
Home loan options to best serve you – purchase and refinance We have solutions to help your home ownership dreams comes true. As a home buyer, you want flexible financing options, excellent customer service and a stress free home buying experience. At freedom mortgage we want to make those dreams a reality. As a top …
Nov 13
Mortgage Rates Climb to 7-Year High
Mortgage Rates Climb to 7-Year High Mortgage rates were on the rise this week, and as a result, home buyers faced higher borrowing costs. The 30-year fixed rate rose to its highest average in seven years, averaging 4.94 percent this week, Freddie Mac reports. “The economy continued to show resilience as strong business activity and …
Nov 12
Fed Votes to Leave Rates Low
Fed Votes to Leave Rates Low The Federal Reserve voted on Thursday to keep its key interest rate on hold, but signaled that rate hikes and tightened borrowing costs are likely on the horizon. The Fed kept its benchmark target for rates unchanged in the 2 percent to 2.25 percent range. The Fed’s rate does …
Nov 08
The Garage is still important
The Garage is still important The popularity of ride-sharing services and the coming of driverless cars paints a picture of garages disappearing from American homes. But we’re not there yet. Americans are still mostly dependent on their cars, and that means homeowners crave garage space—a lot of it. In fact, the majority of homeowners …
Nov 07
Moving Countdown
Moving Countdown Are your starting your moving countdown? Our checklist can help you plan for the big day! 90 Days before moving: Get moving company quotes Sort your items. Sell or donate what you don’t need 60 Days before moving: Organize paper work, create a moving folder, send change of address, transfer / …
