13 Jul 2018
By RESCO Realty

3 Generations Top Housing Market Trends

Real Estate, ,
Historians like to say that those who do not learn the lessons of the past are doomed to repeat them. In the real estate industry, the chances of that happening are slim because agents and other professionals follow market trends closely. That being said, a careful examination of 2017 market trends and other factors can help highlight where the housing market is headed. Consider these top trends when deciding about whether to buy or sell a property. Millennials Scooping Up Homes According to resources such as Zillow, the low inventory and emergence of Millennials in the home-buying market helped break…
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29 May 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – May 29th, 2018

Financial Reports, ,
Last week's economic reports included readings on sales of new and previously-owned homes along with weekly readings on mortgage rates and new jobless claims. Home Sales Lower in April Sales of new and previously-owned homes were lower in April. The Commerce Department reported sales of new homes at a seasonally-adjusted annual rate of 662,000 sales. New home sales were 1.50 percent lower than for March, but were11.60 percent higher year-over-year. Analysts expected new home sales to rise to 682,000 sales based on the March reading of 672,000 new homes sold.  Sales of new homes are calculated based on a small…
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04 Apr 2018
By RESCO Realty

Selling Your Home FHA? Learn These Tips To Ensure A Smooth Closing

Home Seller Tips, ,
Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property. While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing. Location and Lot To qualify for FHA financing, the property has to be located on a road or easement that lets the owner freely enter and exit. The access also has to be paved with a surface that will work all…
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