January, 2018

Curious About Homeowners’ Association (HOA) Fees? Here’s What You Need to Know

Curious About Homeowners’ Association (HOA) Fees? Here’s What You Need to Know

by

If you are thinking of buying a condominium or a home that is part of a planned community, you have likely come across the term “homeowners’ association” or HOA. In short, the HOA is a coalition of local homeowners who have banded together to manage the needs of the local community. Let’s explore the concept of the homeowners’ association, why they charge fees and what you can expect from your HOA if you buy a home that is part of one.

What’s Ahead For Mortgage Rates This Week – January 29, 2018

What’s Ahead For Mortgage Rates This Week – January 29, 2018

by

December sales of previously-owned homes dipped to an 18-year low with a reading of 5.57 million sales on a seasonally-adjusted annual basis. Pre-owned home sales were expected to reach 5.73 million homes based on November’s downwardly- revised reading of 5.78 million sales. December sales were 3.6 percent lower month-to-month, but were 1.10 percent higher year-over-year.

NAHB: Home Builder Confidence Drops in January

NAHB: Home Builder Confidence Drops in January

by

Homebuilder confidence in housing market conditions dipped two points in January; ongoing challenges including labor shortages and materials costs were cited by the National Association of Home Builders, which provides monthly readings on home builder sentiment. Three component readings of the Housing Market Index declined by one point each. Readings for current sales conditions, housing market conditions for the next six months and for buyer traffic within new single-family housing developments were 79, 78 and 54 respectively.

Looking to Buy a Home in 2018 and Don’t Know Where to Start? Here’s a Few Tips

Looking to Buy a Home in 2018 and Don’t Know Where to Start? Here’s a Few Tips

by

Are you a renter that has become tired of paying someone else’s mortgage and not building any equity? Or a homeowner who has a growing family and is in need of more space? Whatever the case, if you are in the market for a new home there is no time like the present. Let’s explore a few tips that will help you to prepare for the home buying experience.