Blog – Page 352 of 645

11 Aug 2021

HOAs: What Do Buyers Need To Know?

There are many factors that buyers need to consider when they are evaluating a potential property. Sometimes, buyers run across properties that have to deal with something called a Homeowners’ Association, or HOA. What Do HOAs Do? An HOA ensures that communities look their best and function well. While HOAs were unusual several decades ago, they are becoming more common. HOAs are typically governed by a board made up of people living in the neighborhood. By ensuring properties look their best, property values could remain high; however, there could also be restrictive covenants in place. How Much Do HOAs Charge? HOAs…

The Process Of Estimating Property Values

Real EstateHome Estimates, Property Value, Real Estate

Property values are a moving target. They are important to buyers and sellers because everyone wants to get the best deal possible. Sellers want to get as much money for their investment while buyers do not want to overpay for a home. There are a lot of factors that play a role in property values including the economy, the number of people looking for homes, new home construction, schools, the job market, and more. How do real estate agents estimate the value of a home? How Much Will Someone Pay For A Home? The market value of a home is…

What’s Ahead For Mortgage Rates This Week – August 9, 2021

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Last week’s economic reporting included readings on construction spending, consumer sentiment, labor sector reports on public and private sector jobs, and national unemployment. Weekly readings for mortgage rates and jobless claims were also released. Residential Sector Drove June Construction Spending Construction spending rose by 0.10 percent in June according to the Commerce Department. Analysts expected spending to increase by 0.50 percent, but builders spent less on public sector and non-residential projects. Spending for all construction spending rose at a year-over-year pace of $1.55 trillion. Residential construction rose by 1.10 percent in June, but public-sector spending fell by -1.20 percent and…