Good For You
Buying a home has gotten tougher in recent years, and finding affordable housing is an even greater endeavor, but the struggle is worth the effort.
The National Housing Conference's Center For Housing Policy and Enterprise Community Partners, two housing advocacy groups, say more than just a roof over your head, homeownership with solid neighborhoods in the mix can enhance the lives of families and their children and improve their futures.
A group of reports, "Vital Links: Housing's Contributions to the Nation's Health and Education Objectives" makes
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15 yr. fixed: 6.12%
1 yr. adj: 5.84%
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the case for affordable housing by revealing its benefits.
In short, the reports say, homeownership is good for you in a number of ways, including:
Affordable housing is good for your
What Is The Fed's Discount Rate And Does It Affect Housing?
The Federal Reserve rate cut of last month failed to stop the bleeding in the U.S. stock market. That's because the Fed cut the "discount" rate, not the federal funds interest rate. What's the difference and how will housing be impacted?
You won't find the answer on financial news sites. They talk in jargon. So here's a little lesson in American federal money flow management.
The Federal Reserve is the bank of the federal government and the guardian of the U.S. economy, and as such, regulates monetary and credit policies such as buying and selling securities, setting the cost of credit (interest rates,) how much money is available to banks for borrowing, and how fast and at what rates the money has to be repaid. The idea behind the Federal Reserve is to keep things running smoothly, so banks that are members of the Fed are federally insured, which is reassuring to depositors like you and me. CONTINUED >>>
Selling Your Home in a Slumping Market
When your local housing market is down and you have to sell, what do you do? You want top dollar, you may also need to sell in a hurry -- especially if moving day is right around the corner.
In a tight housing market, remember that you are competing with all of the other homes for sale in your neighborhood. The key to success is to make your home and the deal itself more attractive than what the competition is offering without giving away too much.
If you find yourself having to sell into a slow market, here are some tips to help you make your home more attractive and sweeten the deal to generate more interest in your home:
Price it to the market, don't be greedy. Most sellers tend to set the price too high, thinking their home is worth more than it really is. Check the sales prices of comparable homes that recently sold the asking prices of comparable homes that are currently for sale in your neighborhood.
Obtain an appraisal in advance, so you know what the house is officially worth (based on the appraiser's professional opinion).
Use a seasoned Realtor. Your Realtor has already experienced price wars in the housing market. According to the National Association of Realtors®, a CONTINUED >>>
No More Dark Rooms:
How You Can See the Light
There are times when most of us have walked through a home and thought this would be a great room if only it had more light.
Leaving the dark side behind doesn't have to mean that you have to have a window that lets you see the light. There are plenty of times when a window to the outside either isn't possible or would still not reveal enough daylight. That's where Solatube International can literally shed some light.
"It really looks like a light fixture, only it's sunlight," says Cynthia Sener, Director of Marketing for Solatube International.
But don't confuse these devices with the more massive skylights. Instead, these dome-shaped products that sit atop homes direct light to specific areas inside.
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