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Fannie Mae and Freddie Mac are implementing new guidelines that will ease the mortgage process, and in turn, help boost the housing market. The new guidelines will decrease down payment amounts, making 3% down payments an option again, and will allow two missed payments before initiating foreclosure. Many loan officers are reporting that their banks…

Re-grouting old tile is a time-consuming job, but it can help your floors look brand new again if done correctly. Here are a few brief guidelines you should follow when re-grouting tile that will help make the job easier and less overwhelming. First you will need to remove the old grout with a grout saw…

New data suggests that an increasing number of first-time homebuyers will return to the housing market next year. Realtor.com’s new Housing Forecast stated that employment growth and credit access will help more first-time homebuyers get back into the market in 2015. Jonathan Smoke, Realtor.com’s chief economist said, “if access to credit improves, we could see…

According to recent data, U.S. job growth made significant strides in November. Last month, 321,000 jobs were created, reaching the highest level since January, 2012.  Retail, health care, business services, and manufacturing lead the nation in job creation. Doug Duncan, the chief economist for Fannie Mae said, “today’s jobs report was positive in all aspects:…

Experts believe that 2015 will prove to be a year of growth for the housing market. According to recent data released by Moody’s Investors Services, inventory will increase as well as housing starts, home sales, and prices. They do, however, caution that the beginning of the year may start slow. Moody’s analysts said “we expect…

Thinking of waiting until Spring to put your house on the market? You may want to reconsider. Selling your home in the winter can be challenging, but may end up being more rewarding in the end. Winter home sales usually drop off as people tend to tighten-up around the holidays. The good news is, homes…

New data shows that construction spending increased from September to October and experienced its largest month-to-month gain since May, averaging a seasonally adjusted rate of $971 billion. According to the U.S. Census, construction spending exceeded the previous estimates of $939.9 billion. Residential construction was 1.3% above the estimated average, and private construction spending averaged 0.6%…

If a few changes in behavior could save you hundreds of dollars each year on your energy bill, wouldn’t you change them? Most people are not aware that there are many, simple actions they can implement to lower monthly energy costs. A few things you can do to save money on utility bills are: Turn…

According to Freddie Mac’s Primary Mortgage Market Survey, mortgage rates hovered around 4% last week. The national average 30-year, fixed-rate mortgage came in at 3.97% falling slightly from the previous week. The national 15-year, fixed-rate mortgage and the Treasury-indexed hybrid adjustable-rate mortgage remained unchanged, averaging 3.17% and 3.01%, respectively. Freddie Mac’s chief economist, Frank Nothaft…

According to the National Association of Home Builders 55+ Housing Market Index, single-family builder confidence among the senior housing development market increased over the last year. During the third quarter of this year, the index rose to 59. On the scale, a score of 50 marks the point where positive gains surpass negative. Additionally, the…