Is Finishing Your Basement Worth It? How This Change Could Help Sell Your Home!
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You've fantasized about a mancave. Okay, maybe one of you has fantasized about a mancave and maybe one of you has some other ideas like having an in-home workout space, an office or a playroom for the kids. No matter what you need the extra space for, a finished basement can almost always benefit you in the future when you decide to sell your home. Surprised? It's commonly said that putting money into finishing a basement isn't Read more
Mortgage Rates Eased This Week, But Borrowers Want Lower
Mortgage rates finally improved this week after inching up the past couple weeks, Freddie Mac reported today.
The 30-year fixed averaged 5.16 during the week ending February 12, down from 5.25 percent the prior week and 5.72 percent a year earlier.
“Interest rates for 30-year fixed-rate mortgages are almost 1.5 percentage points below 2008’s peak set on July 24, 2008, offering many homeowners Read more
President Obama’s American Recovery & Reinvestment Act: What This Stimulus Package Could Mean for Housing
With a new President in office and the economy posting worse news every day, it’s clear to everyone that there is an inherent need for something to be done….fast.
Before even taking office, President Obama introduced his ideas for a stimulus, which has been translated into a bill, The American Recovery and Reinvestment Act. The bill has been moving quickly and was just passed by the House. Being very familiar with Schoolhouse Read more
Many California Sellers Sold Properties at a Loss This Year
Annual home sales are expected to rise 12 percent in California this year and another 12.5 percent in 2009, but much of the increase can be attributed to distressed sales, according to the “State of the California Housing Market 2008-2009” report released this week by CAR.
Nearly one in five (19.8 percent) sellers sold their homes at a loss this year because the property was in default, foreclosure, or short Read more
Mortgage Ad Spending Down 62 Percent This Year
As the mortgage market continues to unravel, related ad spending is taking a big hit, according to the latest Nielsen data.
Through the first three quarters of 2008, mortgage and loan companies, including web-based companies, spent $778 million less (62 percent less) on advertising compared to the same period a year earlier.
Hopefully that equates to fewer dancing alien ads and other annoying campaigns Read more