28 Jun 2022
By RESCO Realty

First-time Home Buyers: Why Splurging for a Larger Home Beats Condo Living

Home Buyer Tips, ,
Some first-time home buyers are on a tight budget when making their real estate purchase, and there may be an inclination by many to purchase a smaller property, such as a condo, rather than the home they truly want. While there may be some initial financial benefit associated with buying a smaller property, there are a few benefits associated with splurging and buying a larger home as a first purchase. By analyzing these benefits, first-time home buyers can make a more informed decision about how to proceed. Costs Associated With Upgrading In The Future Some people will purchase a smaller…
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27 Jun 2022
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – June 27, 2022

Financial Reports, ,
Last week’s economic reporting included readings on home sales, Fed Chair Jerome Powell’s testimony on monetary policy to the House Financial Services Committee, and the University of Michigan’s Consumer Sentiment Index. Weekly reports on mortgage rates and jobless claims were also released. New Home Sales Pace Rises as Pre-Owned Homes Sales Pace Slows The Commerce Department reported a seasonally-adjusted annual pace of 696,000 new homes sold in May; analysts predicted a year-over-year pace of 587,000 new homes sold as compared to April’s year-over-year pace of 629,000  new homes sold. While the year-over-year pace of new home sales increased by 10.70…
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24 Jun 2022
By RESCO Realty

Avoid These Home Projects If You Are Selling Your House Soon

Mortgage, ,
If you have paid attention to the housing market recently, you might be thinking about selling your home soon. You might even be thinking about taking on a few remodeling projects in an effort to maximize the return on your investment. On the other hand, not every project will help you turn a profit, and some might even make your house less appealing. Take a look at a few home remodeling projects your should avoid if you plan on selling your house soon. Remodeling The Bathroom You might be thinking about remodeling your bathroom to turn it into a miniature…
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