Pending home sales are higher, affirming the stabilization that is occurring in home sales, according to the National Association of Realtors®.
The pending homes sales index based on contracts signed in December, rose 4.9 percent to an index of 112.4 from an upwardly revised level of 107.2 in November, but is 4.4 percent lower than […]

Realtors Assess Resale Value of Remodeling Projects in Shifting Markets
WASHINGTON, December 01, 2006 - The resale value of many remodeling projects has not kept pace with the costs of those projects, according to Realtors and remodelers who recently participated in Remodeling magazine’s 2006 “Cost vs. Value Report”. Produced for 19 years by Hanley Wood, […]

Welcome back to a buyer’s market! It’s been a while since the folks with the mortgage approvals burning a hole in their pockets were in charge of the real estate scene. We’ve seen prices skyrocket beyond all common sense and the rules for many buyers change. Bidding wars, absurd enticements like personal letters-we’ve been seeing […]

Recent housing indicators suggest that the downslide in housing demand may be nearing an end. However, demand remains in a weakened condition and there’s still a heavy supply of for-sale housing on the market, pointing toward further declines in starts of new units in the months. (National Association of Home Builders, Oct 2006)

Open a home-equity line of credit — for the right reasons
Do: Open a home-equity line of credit and use it for the right reasons: to tap as a rainy-day fund, to finance college for your kids or yourself, or to pay down credit-card debt. Don’t: Raid your home’s equity to fund vacations, plasma TVs and […]