Last week’s economic reporting included readings on inflation, the post-meeting statement from the Fed’s Federal Open Market Committee, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.
Inflation Ticks Up in May
The Federal Reserve’s monetary policy committee decided against changing the Fed’s benchmark interest rate range of 0.00 to 0.25 percent. The Federal Open Market Committee said in its post-meeting statement that it is not considering raising rates until 2023. Two of 17 FOMC members felt that the Fed’s key rate may rise in 2022.
When you are a first-time homeowner, learning about your property can feel overwhelming. There are a number of systems in your home that require routine maintenance. Knowing when to have system serviced will help keep your home running smoothly. From the plumbing in your home, to the heating and cooling, understand that each system may need routine maintenance from time to time.
When you buy a new house, the first thing you want to do is protect your investment. You already have property insurance. Should you also buy a home warranty?
What Is A Home Warranty?
A home warranty isn?t the same thing as insurance. Home warranties are service contracts. If a covered item breaks down and it?s covered in the terms of the warranty, the home warranty company will pay to fix or replace that item.
The cost of living in America varies widely in different parts of the country. In general, it is less expensive to live in the country than in the cities. However, there are many cities where the cost of living is modest compared to others where the money needed to live there is outrageous in comparison.
Last week’s economic news included readings on construction spending and labor reports on public and private sector jobs and the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released.
As a home buyer, your real estate agent will do their best bring you to see homes that meet the criteria you asked for. However, there?s no guarantee that a home will have a history of being properly cared for. Your real estate agent can choose the homes you see, but they have no control over the property owner’s home ownership habits.
If you’ve been putting off your house hunting, it’s time to head out. Summer is the best season to go shopping for a new home, for a variety of reasons.
1. More Inventory
Homeowners list their homes for sale in the summer more often than any other season. When you shop for a new home during this time, you?ll have a much wider selection of homes to choose from.
It’s an exciting time when you?re buying or selling your home and your real estate agent is your partner in this real estate endeavor. But there are some questions that your agent can’t or won?t be able to answer for you. These are the top three questions not to ask your real estate agent.
Nearly everyone has been impacted by the COVID-19 pandemic in some way. While many people are getting tired of being cooped up in their homes, the home improvement industry has actually been able to stay afloat. Furthermore, it is actually thriving. Because many people are trapped in their homes during the COVID-19 pandemic, many people are thinking about carrying out a home remodeling project. For those who are wondering about the prospects of such an undertaking, it is important to weigh the pros and cons.