Data suggests that many millennials are waiting until the job market improves before buying a home. While home affordability has bettered, and interest rates remain fairly low, the majority of the millennial generation is delaying home ownership until they have landed their first professional job. Experts say that millennial home ownership and job growth have…

Reverse mortgages have begun to gain more positive attention as new laws make the option more attractive to both borrowers and loan officers. In the past, there were some concerns, but now that new laws protect the borrower, the option has become safer, and ultimately, more appealing. Reverse mortgages have ensured that many older Americans…

According to the Bureau of Economic Analysis, Americans are spending more money again, a good sign for the economy. Durable goods purchases increased approximately 2% last month compared to July. Car sales also jumped, which is a positive sign as many people don’t make large purchases when they are not confident in their personal finances.…

You may not be living in the home you’re trying to sell, but you still have to be sure you are presenting adequate curb appeal to attract quality buyers. Your overgrown shrubs or lack of grass and color may be scaring away more potential buyers than you know. A few things you can do to…

New single-family home sales significantly increased last month to the highest level in over six years. The housing market continues its impressive rebound. New home sales increased 18.0% to a seasonally adjusted rate of 504,000 units. The chief economist at Mesirow Financial, Diane Swonk said, “this is welcome news in an otherwise mixed outlook.  We…

According to recent data from the U.S. Census Bureau, home improvements and remodeling costs have increased in the United States. $130 billion was spent last year on home remodeling; that’s the highest amount seen since 2007. Remodeling can be overwhelming at times, but experts have created new apps that can help make the process more…

Recent data suggests that housing market confidence remains high. Approximately 50% of Americans believe that home prices will rise over the coming year while only 8% believe home prices will fall. Bankrate.com’s chief financial analyst, Greg McBride said, “when home prices fall, everyone gets a little queasy – homeowners and renters alike. The expectation of…

Many deep-pocketed borrowers are paying lower rates on jumbo loans when compared to the average borrower. Jumbo loan borrowers have been experiencing interest rates that are at an all time low, and now many lenders are waiving mortgage insurance, lowering credit standards, and requiring minimal down payments as low as 10%. In some cases, the…

Fall is here, and many people will soon begin packing up outdoor furniture until next year. If some pieces appear damaged, don’t immediately assume they are ready for the trash. A few things you can do to save money and preserve your outdoor furniture for future seasons are: Brighten your light colored lawn chairs with…

With many millennials carrying around large student loan debt and lending rules getting tighter, the number of millennial homeowners is disappointing. Although, in the near future, experts expect the millennial generation will boost the housing market to record levels. Today there are approximately 13.3 million millennial homeowners; that number is expected to increase to 21.6…