In an encouraging turn for prospective homebuyers, mortgage rates have recently decreased from 7.03% to 6.82%. This seemingly small decline can significantly impact the housing market, potentially making homeownership more attainable for many. Here's a closer look at what this rate drop means and how it translates into tangible savings for borrowers. Understanding the Impact Mortgage rates play a crucial...
In June, the monthly inflation rate decreased for the first time in over four years, bolstering the argument for the Federal Reserve to lower interest rates later this year. The consumer price index (CPI), a comprehensive measure of U.S. goods and services costs, dropped 0.1% from May, reducing the 12-month rate to 3%, its lowest level in over three years, according to the Labor Department. The all-items...
Regularly trimming your flowers and bushes is essential for maintaining a beautiful and healthy garden. Pruning promotes growth, prevents disease, and keeps your garden looking its best. Here’s how to do it effectively. Importance of Trimming Flowers and Bushes: Promotes Healthy Growth: Regular trimming encourages new growth and helps plants stay healthy and vibrant. Prevents Disease: Removing...
Welcome to 100 Quiet Circle, a gem nestled in the heart of the beloved Quiet Place in the Country community in Port Orange, Florida. This lakeside pool home offers a blend of country tranquility and convenient proximity to town and beach life, making it a perfect retreat for those seeking the best of both worlds. One of the unique aspects of this property is its sentimental value to me personally, as it...
Understanding the National Association of Realtors' (NAR) Settlement: What Homebuyers and Sellers Need to Know For months, homebuyers and sellers have been seeking clarity from Realtors about the National Association of Realtors’ (NAR) settlement concerning broker commissions. Initially expected by late July, the changes are now set for August 17, coinciding with the class notice date as stipulated by...
Learn essential tips for Maintaining Your Lawn Mower, ensuring efficient operation, prolonged lifespan, and a healthier, well-manicured lawn. Keeping your lawn mower in top condition is crucial for a well-manicured lawn and the longevity of the mower itself. Regular maintenance can prevent breakdowns, improve efficiency, and ensure a clean, even cut every time you mow. Here’s how to maintain your lawn...
The housing market in Volusia County, Florida, has experienced notable shifts over the past year, reflecting broader trends in the real estate sector. By examining key metrics such as the number of listings, sales, average list and sales prices, and days on market, we can gain insights into the current market dynamics. Key Metrics Metric May 2024 June 2023 June 2024 YoY % Change # of...
Finding the right place to start or advance your career as a real estate agent can be challenging. Not all real estate agent jobs offer the same opportunities or pay. Based on our research, we've identified the best and worst states for real estate agents in 2024, along with some top companies currently hiring. Top State for Real Estate...
New construction slows in May as builder confidence drops due to high interest rates, impacting housing starts and market inventory. In May, the issuance of building permits dropped to 1,386,000 (SAAR), marking a 3.8% decline from April and a 9.5% decrease compared to last year. Housing starts also saw a decline, falling to 1,277,000 (SAAR), which is 5.5% lower than April’s revised numbers and 19.3%...
The commercial real estate market is facing tough times. Imagine you own a big office building, but many of your tenants have left due to the pandemic, and it's been hard to find new ones. This means you're not making enough money to pay off your mortgage. Banks that gave you the mortgage are getting worried because if you can't pay, they'll lose money. To avoid bigger losses, some banks are deciding to...