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Showing posts from November, 2023

Interest Rates: Hike or Not Hike, that is the question

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  The Fed's pivot from 'maybe more hikes' to 'cuts next year' had the markets in ecstasy. The Dow and S&P 500 hit all-time records. The yield on the 10-yr US treasury went below 4%. And average 30-year mortgage rates fell to 6.6%. That's a decrease of nearly 150 bps (1.5%) in just two months. ListReports  

Higher Interest Rates: Better to Rent? Not Necessarily

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  It could still be costing you more to rent than to own considering renters don't benefit from a home's appreciation and natural amortization of a fixed-rate mortgage.

New Homeowner: 8 Costly Missteps Homeowners Make

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How not to make money mistakes as a homeowner.   The keys to your home are in hand.Finally, you can install your dream patio.You can paint the walls without losing your security deposit.Heck, you could knock out a wall. You’re  soooo  ready to be a homeowner.So ready in fact,  you’re about to make some costly mistakes. Wait, whaaat? “You have to rein it in and be smart,” says Daniel Kanter, a homeowner with five years under his belt. Especially in your first year, when your happiness, eagerness (and sometimes ignorance) might convince you to make one of these eight mistakes: #1 Going With the Lowest Bid The sounds your HVAC system is making clearly require the knowledge of a professional (or perhaps an exorcist?).But you’ve been smart and gotten three contractor bids, so why not go with the lowest price?You might want to check out  this story from a Michigan couple . Rather than going with a remodeler who’d delivered good work in the past, they hired a contractor offering to complete t

Move Meter/ Home Value

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  Try The Move Meter ℠ Connie Sadowski, Coldwell Banker® Move Meter The Move Meter℠ compares cost of living city by city. It was created by Coldwell Banker Real Estate as part of a suite of industry exclusive tools to allow consumers to dream of home and guide them to their new destination. Americans are on the Move (Meter) Going the distance : The average Move Meter℠ search covered 1,015 average miles (about the distance of New York to Miami). Eighty-two percent (82%) of all Move Meter℠ searches were looking to move out of state. On the flip side, Massachusetts had the greatest proportion of searchers considering staying in-state, with 40% of all searches from Massachusetts looking to stay loyal to the Commonwealth. Only about 13% of all searches were looking within a driving distance of 100-miles from their origin destination with the highest proportion of moves being somewhere between 500 to 1,500 miles away (42%). Chasing Sunshine : While Midwesterners and Northeasterners are looki