Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic surged 20% over the 12-month period ending in May in the area covered by the Charleston … [Read more...]
Buy a greener home, qualify for a better mortgage?
There are a handful of tax breaks for homeowners who improve the energy efficiency of their homes — essentially, the government reduces your taxes if you make your house greener. Now a bill introduced in the Senate by senators Michael Bennet … [Read more...]
Government will subsidize flood insurance for another year
The National Flood Insurance Program was in the black until Hurricane Katrina; since then it’s been in debt to the tune of about $20 billion. (Which, of course, illustrates why it’s a government program and not offered by private … [Read more...]
Homeowner Equity
Housing equity rose nearly 30%, or nearly $2 trillion, over the past year as prices rose, home purchases rebounded, and mortgages outstanding continued to decline according to first quarter data from the Federal Reserve’s Flow of Funds. Mortgage debt … [Read more...]
Buying a House: Is Now the Time?
The real estate community is often criticized for always seeming to have a Pollyanna attitude about the housing market. Many believe that the industry’s current call ‘to buy now’ is nothing more than a scare tactic with the sole purpose of creating … [Read more...]
Financing Green Remodels: The Ins and Outs of Energy Efficient Mortgages
By Mark Scheets, Guest blogger What is an Energy Efficient Mortgage? Energy efficient mortgages (EEMs, sometimes known as “green mortgages”) are loans that allow home owners to finance energy-efficient upgrades for their current home or in a new home … [Read more...]
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