Dodd Frank Act to be repealed2/16/2017
Trump moves forward to repeal Dodd Frank bill.
Trump moves forward to repeal Dodd Frank bill.
Here is a copy of a fraudulent ad that was run in a popular media. How many red flags can you find? Would you send your money to this person?
Interest rates WILL INCREASE!
Economists widely agree that the Fed will increase its fed funds rate gradually throughout the year. Rates on adjustable-rate mortgages, will react immediately to a Fed hike. The rate on the 30-year fixed mortgage will increase slower..
Rates on a 30-year mortgage currently stand at about 4 percent, up from record lows but still extremely attractive by historical measures. The Mortgage Bankers Association expects rates to rise in 2016.
While some worry that higher interest rates would dampen the housing market, job security and wage growth are larger factors on home activity than interest rates.
Increased interest rates combined with higher prices will slowly edge some buyers into lower prices or out of the market altogether. It is therefore prudent advise to commit to future home purchases as soon as possible. This will lock in interest rates and home values.
It's easy to boost buyers' impression of your home in new, inexpensive ways with each season. Here are a few things you can do in the fall to make it as inviting as a basket of Halloween candy.
1. Light it up.
Shorter days and longer shadows mean you need to be particularly careful to maximize natural light with open drapes and blinds, and add more light where needed with floor and tabletop lamps. Replace any burned-out bulbs in outdoor lights. And schedule showings earlier in the day, when the light is stronger. Adequate lighting makes a bigger difference than you might think.
2. Rake in the leaves (and the buyers).
Keep up with your yard work to help hike curb appeal. Clean up the leaves, and trim back any overgrown or dead plants. Cut back trees and hedges that hide or overshadow windows and porches.
3. Stash the toys.
Store all those pool toys, bikes and croquet sets. A less-cluttered yard appears larger. Leave the grill, though. One that's shiny and clean can help buyers see the possibilities of living out their hamburger-and-steak fantasies. If you have nice patio furniture, arranging it around a fire pit – even just a portable or tabletop one – creates a warm, social atmosphere.
4. Mum’s the word.
They’re cheap. They’re cheerful. And they’re hard to kill. A pot or two of orange or gold chrysanthemums can brighten up your porch, deck and steps. Pumpkins also can add a bright, seasonal touch as well, but be careful not to overdo it. You're decorating a home, not a department store.
5. Burn, baby, burn.
If your home has a fireplace, now’s the time to let it shine. Of course, you probably don't want to light a blaze for showings, just in case the fire's unattended between appointments. But you can make sure it’s clean. Tasteful fall décor, like a simple vase of pinecones can add a nice seasonal touch to the mantle or hearth. If your agent will be hosting an open house, a crackling fire with lots of comfy seating can be a great touch.
6. Two words: pumpkin spice.
Don’t worry, there’s no need to actually bake a pie. Before showings, simply burn scented candles with seasonal aromas, like apple, cinnamon and ginger, to add to your home’s coziness.
There is a new company in town that wants to give lock box codes to buyers and allow them to access the homes by themsleves with the lock box code while the agent sits in the office and walks them through via cell phone. What are the repercussions? What is to keep the buyer from accessing the home after the virtual showing hangs up? What are your thoughts as a home seller?
Homeonership hits all time low.
The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967.
Homeownership peaked at 69.2 percent at the end of 2004, when the housing market was in the midst of an epic boom. The 50-year average is 65.3 percent.
While the rental market sees record occupancy rates.
Multifamily apartment starts soared 55 percent in June from June of 2014, according to the U.S. Census. This, as single-family housing starts rose 15 percent. Apartment supply is still far lower than demand. Annual rent growth hit 5 percent in the second quarter of this year, according to Axiometrics, a real estate analytics company. Apartment occupancy hit 95.2 percent, a near record high.
When and how can our American Flag be flown at night?
It is OK to display the flag 24 hours a day, but should be illuminated dusk to dawn.
New garage doors – Nothing says curb appeal like attractive garage doors – and you can’t beat the bang for the buck. A mid-range replacement will likely return more than 80 percent on your investment.
A wood deck – Here’s a renovation you are likely to enjoy – and a $10,000 investment will also return about 80 percent of what you spent.
Exterior siding – New siding will not only give your home a major facelift. It will return a strong 87 percent on project costs of about $14,000.
Attic conversions – Adding another bedroom or playroom upstairs give a home more usable living space without increasing its footprint. The remodel investment will likely return 84 percent of a $50,000 project cost.
Kitchen updates – No need to overhaul the entire kitchen, experts say. Upgrading the counters, and replacing cabinets and appliances will likely cost about $18,000 – and will return some 97 percent of cost. Oddly, a big-ticket total kitchen remodel costing over $100,000 may only return 63 percent of the investment.
New windows – New, energy–efficient windows throughout your home will save you money on heating and cooling bills – and you will probably get a return of 79 percent on a $10,000 investment.
Basement remodel – Another great way to add living space to a home is with a basement remodel. Adding insulation and flooring, and upgrading the walls and ceiling may cost as much as $60,000. But return on investment is estimated at 77 percent.