Which Is Better HELOC or Cash Out Refinance?, Features You Should Avoid In A Home You Buy, Latest Move In US Construction

Which Is Better HELOC or Cash Out Refinance?

Real Estate Tip:

Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of: 1) No bathrooms on first floor 2) Bedrooms with no closest 3) Knob-and-tube wiring or fuses instead of a circuit breaker box 4) One outlet per room

Real Estate News:

US construction starts increased 10% in July 2024.

Expected Fed Rate Cut-What Homeowners & Buyers Should Know, Tax Tip For Property Owners, How US Home Sizes Are Changing

Expected Fed Rate Cut-What Homeowners & Buyers Should Know

Real Estate Tip:

Keep detailed records of each expense related to your property so you will be able to take advantage of every single tax deduction you are legally entitled to use.

Real Estate News:

New homes in the US are getting smaller. According to a National Association of Home builders survey, 17% of home builders said they built homes on smaller lots in 2023 to support home sales.

Has Lower Home Inventory Cooled Home Buyer Demand?, Never Use This To Value A Property, Fed Reserve Telegraphs This Next Move

Has Lower Home Inventory Cooled Home Buyer Demand?

Real Estate Tip:

Never use a seller’s asking price as a gauge of market value for a property. A property owner may request any price for his property-this may or may not be anywhere near market value. The current market value of a residential property is based primarily on what a similar property has sold for in the last 6 months.

Real Estate News:

The Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. Even small cuts in rates could make a meaningful difference in what a home buyer will pay.