How Will Rising Interest Rates Affect the Housing Market?
There is so much talk in the financial world and among people in general about the interest rate hikes in 2022. The central bank is laying its groundwork to raise interest rates this year and perhaps several times. Borrowers, as a result, will see the costs to get funding go up. The Federal Reserve said ...
Tips for Choosing a Home Builder
If you’ve decided you’re going to build a custom home rather than buying an existing one, the process of getting started can be intimidating. When you buy an existing home, you know what you’re getting. When you’re going to do a custom build, there is a lot of uncertainty. One of the first things you ...
Inspection vs. Appraisal: How Do They Compare?
When you’re buying a home, you’ll need two types of inspections—one is the actual inspection, and the other is the appraisal. They seem similar at first glance because both, as you might guess, involve a walkthrough of the property. They have different purposes, however. The information obtained is also reported to different parties. What is ...
When Do You Need a Permit for a Renovation or Remodel?
You’ve made the decision that you’re going to do a home improvement project of some type. So a big question becomes whether or not you need a permit. The short answer is that it depends, but below we’ll go into more details about what you should know in these situations. What Are Building Permits? Building ...
How to Deal with a Neighbor Dispute
Disputes with neighbors are prevalent. Some of the most frequent reasons people report having conflicts with the people who live around them include: • Noise: Maybe your neighbors have a different sleep schedule than your own or enjoy late-night parties, but overall most people surveyed say that this is their top complaint with their neighbors.• ...
August Real Estate Roundup
Freddie Mac’s results of its Primary Mortgage Market Survey® shows that “The tug-of-war between the economic recovery and rising COVID-19 cases has left mortgage rates moving sideways over the last few weeks. Overall, rates continue to be low, with a window of opportunity for those who did not refinance under three percent. From a homebuyer perspective, ...