Blog – Page 513 of 640

07 Aug 2019

What Are The Pros And Cons Of Covenants, Codes and Restrictions?

Real EstateReal Estate

There is a joke about gated communities that says the walls are not just there to keep the people out but to keep the residents in. Living in a gated community that is subject to the rules of a homeowners' association (HOA) can be a pleasant or a severely irritating experience, depending on the perspective a homeowner has about lifestyles. The Good, Bad, And Ugly About CC&Rs Gated and master-planned communities may have an HOA and also may have covenants, conditions, and restrictions (CC&Rs) that are part of the property rights (or lack thereof) that a home buyer accepts when…

Fed Lowers Key Interest Rate For First Time Since Great Recession

Federal ReserveFed, FOMC, Interest Rates

The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as "quantitative easing." The Fed committee confirmed a quarter-point cut to 2.00 to 2.25 percent. Fed Chair Jerome Powell described the rate cut as a "mid-cycle adjustment" intended as a one-time boost for the economy. Mr. Powell said he did not view the cut as the first in a series of quantitative easing moves, but analysts said single rate cuts are not common. The FOMC post-meeting statement said…

What’s Ahead For Mortgage Rates This Week – August 5th, 2019

Financial ReportsFinancial Reports, Interest Rates, Mortgage Rates

Last week's economic news included readings from Case-Shiller on home prices, pending home sales, construction spending and a post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Consumer sentiment was released along with Commerce Department reports on public and private sector job growth and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims. Home Price Growth Slows in May The Case-Shiller National Home price Index showed slower home price growth in May; this was the 14th consecutive month of slower growth in national home prices and the lowest reading for home price growth…