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Monthly Archives: July 2011
Home sales up in Phoenix this June
June was a good month for home sales in the Phoenix metro area, according to real estate information service DataQuick. Continue reading
High-end homebuyers closing sales in Northern California
Luxury home sales are up around the San Francisco Bay Area and have reached their highest levels since 2008 in Marin County, according to a recently released Coldwell Banker report. Continue reading
Home improvement projects can limit storm damage
To limit the expense and headaches of clean-up and repair projects, it’s wise to undertake home improvements to protect property from summer storms, according to ServPro, a company specializing in repairing residential mold, fire and water damage. Continue reading
Homeownership rate low, but many sales pending
The homeownership rate has dropped to its lowest level since 1998, according to data recently released by the U.S. Census Bureau. Continue reading
Disagreement about how debt ceiling fight impacts housing market
If lawmakers do not raise the debt ceiling by the August 2 deadline, mortgage interest rates will rise and the housing market will be hit hard, according to National Journal economics correspondent Jim Tankersley. Continue reading
Mortgage interest deduction vital to housing market health
Eliminating the mortgage interest deduction would seriously imperil the fragile housing market and hurt middle-class taxpayers, National Association of Realtors Chief Economist Lawrence Yun said at a recent Tax Policy Center forum. Continue reading
Window replacement versus repair
The quality of windows and patio doors has improved in the past year, according to a recent J.D. Powers and Associates survey in which home builders and remodelers praised the functionality and look of current products. Continue reading
Home improvement spending up but buyers are thrifty
Buying trends at retailers like Lowe’s and Ikea reveal homeowners are taking on fewer discretionary home improvement projects and are budget-conscious in their decision-making, reports Advertising Age. Continue reading
Mortgage rates steady despite worry over debt ceiling
The interest rate for 30-year fixed mortgages edged up 0.03 percentage points to 4.55 during the week ending July 28, according to Freddie Mac. Continue reading
New rules could make refinancing more expensive
Mortgage holders looking to refinance a home might be wise to act now, as regulations called for in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act could make refinancing more costly in the future. Continue reading
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