Last week’s housing-related economic news was slim, likely due to the Labor Day holiday Monday. On Tuesday, the U.S. Commerce Department reported that construction spending for July increased by 1.80 percent as compared to June’s revised reading of 1.0 percent and expectations of a 1.0 percent increase for July.
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Considering a Vacation Home? Six Tips for Buying a House or Condo for Relaxation and Vacation Use
When you buy a vacation home or condo, you can guarantee that you have an escape that will provide you with years of enjoyment. Before you take the plunge, though, take advantage of these six helpful tips about buying a vacation home.
Buying Land to Build a New Home On? Don’t Forget These Three Important Considerations
When most people talk about real estate, they envision buying an already-built house on already-landscaped property. However, buying vacant land and building a new home is a great way to ensure that you get the home that you want in the location that you want.
You Ask, We Answer: Understanding the Real Estate ‘Short Sale’ and How This Process Works
Hereâs what you need to know about how short sales work and what circumstances might call for one.
What’s Ahead For Mortgage Rates This Week – Sept 2, 2014
Last week’s economic news included several reports related to housing. The Case-Shiller and FHFA reports for June showed a further slowing in home price growth. New home sales for July fell short of the expected reading, but pending home sales exceeded expectations.
Experiencing ‘Purchase Anxiety’? How to Calm Your Nerves Before Committing to Buy a New Home
Whether this is your first big purchase, or your family is moving to a new location or looking for more space, buying a home has its share of ups and downs. It’s perfectly normal to feel anxious about whether or not you’ve found the right property.
Case-Shiller, FHFA Report Slowing Growth in Home Prices
The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent.
Real Estate Secrets: Understanding the ‘Option Period’ and What This Term Means for You as a Buyer
When the sale of real estate takes place, a certain amount of time might be allotted after a contract is created but before the transaction is finalized. During this time the buyer may decide not to follow through with the deal set forth in the contract.
DOC New Home Sales and NAR Existing Home Sales
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of expectations and June’s reading, the new homes sector is volatile and subject to change.
What’s Ahead For Mortgage Rates This Week – Aug 25, 2014
Last week’s economic news brought several reports related to housing. The National Association of Home Builders (NAHB) Wells Fargo Housing Market Index for August rose by two points to 55, which was its highest reading in seven months.