01 Apr 2025
By RESCO Realty

How Will A Short Sale Affect Your Ability To Buy Another House In The Future?

Real Estate, ,
A short sale is a real estate transaction in which a homeowner sells their property for less than the outstanding mortgage balance. While this option can provide relief to homeowners facing financial hardships, it also comes with consequences that may affect their ability to buy another house in the future. We will explore the impact of a short sale on your credit, eligibility for a new mortgage, and the steps you can take to mitigate these effects. The Short Sale and Your CreditOne of the most immediate consequences of a short sale is its impact on your credit score. When…
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31 Mar 2025
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – March 31st, 2025

Financial Reports, ,
With the introduction of tariffs on Tuesday, there is significant uncertainty across all sectors regarding the potential outcome. While important data releases—including the PCE Index, Personal Income & Spending, and Consumer Sentiment for the quarter—have taken place, their impact is expected to be largely overshadowed by apprehension surrounding the widespread tariff decisions. With the upcoming release of inflation reports, including the CPI and PPI this week, all eyes will be on these two key metrics. The focus remains on tariffs and their impact on the markets, as well as inflation, which is likely to be influenced by the new tariff…
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28 Mar 2025
By RESCO Realty

How the Direction Your Home Faces Affects Resale Value

Real Estate, , , ,
When buying or selling a home, factors like location, size, and condition are obvious considerations—but have you thought about the direction your home faces? The orientation of a house can impact everything from natural light and energy efficiency to curb appeal and, ultimately, resale value. Here’s why the direction your home faces matters in real estate. The Influence of Home Orientation on Resale Value Natural Light and Energy Efficiency: Homes that face south tend to receive the most sunlight throughout the day, making them highly desirable in colder climates where extra warmth and brightness are valued. North-facing homes may require…
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