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3 Home-buying tips for the Atlanta area

Buying a home can be an overwhelming experience. A house is a big investment, and you don’t want to wake up a few days after closing feeling as though you’ve made a big mistake. Buyer’s remorse is all too common — 86 percent of people surveyed feel some level of remorse after a home purchase. […]

Giving the Unemployed a Fresh Start

Three years ago, when Anna Murillo was homeless, living in a shelter, and hoping that potential employers would overlook her felony drug conviction, life looked bleak. Murillo saw little hope of landing a job, renting a home, and feeding her five children. But FaithWorks of Abilene Inc., a nonprofit, faith-based, career-development center for the chronically […]

Get Lawns Ready Now for Next Year!

Anybody who will be selling a property in the spring should get a jump on curb appeal by working now on beautifying the lawn. Here are some key tasks that will lead to a green and healthy yard in the next selling season: Calculate the total lawn area to learn how much seed and chemicals […]

Mortgage Applications Rise as Rates Fall

Mortgage rates declined last week, triggering a dramatic jump in mortgage applications. The Mortgage Bankers Association reported that its weekly index of mortgage application volume rose 17 percent on a seasonally adjusted basis compared to the previous week. On an unadjusted basis, the index increased 15.8 percent and was up a whopping 64.5 percent compared […]

10 Housing Markets Likely to Rebound Soon

Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5 percent through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas. But then the worst could be over, says CEO Ingo Winzer. As the recession eases, […]

Congress Gets Report on Cutting MID

The Congressional Budget Office has prepared a report that suggests ways for Congress to raise revenues. One key suggestion is that Congress cut deductions for home owner mortgage interest from the present $1.1 million cap to $500,000, phasing in the reduction by $100,000 annually starting in 2013. Over a 10-year period, the change would increase […]

Will Taxpayers Have to Bail Out FHA?

The Federal Housing Administration stepped up to guarantee low-downpayment mortgages for riskier buyers after the mortgage market crashed. Now with many of them in default, the FHA’s losses have mounted, and it’s possible that its reserves will fall below the 2 percent level required by law. If that happens, taxpayers may have to bail out […]

Fed Offers Some Positive Economic News!

The Federal Reserve says it’s “cautiously positive” about the economy in its widely watched regular report called the Beige Book. Eleven of the Fed’s 12 regions called economic activity in the area are “stable,” “showing sings of stabilization,” or “firmed.” Analysts said the economy is growing in the third quarter at an annual rate of […]

6 Reasons Why Your House Won’t Sell…

I don’t agree with EVERYTHING, but MOST of it I do!! 1. Your photos are unimpressive. The vast majority of home buyers start their search for a home on the Internet, your house had better look great in print. Not just nice… downright fabulous. Today we are considering internet views as a ‘virtual showing’… if […]

Maintenance Tips from Residential Inspector of America!

Maintaining the Exterior of your Home Since the exterior of your home is the first impression someone receives, these tips are important when keeping a future sale in mind. Keeping your home well-maintained keeps costs in the future down and problems with potential homebuyers at a minimal. For details on your specific exterior construction, please […]