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Over time, a higher interest rate can add thousands of dollars to the true cost of buying the home. When interest rates are low or steady buyers have greater confidence that they will get a favorable rate when they go to secure the loan, but in our current environment of rising interest rates, many lenders are suggesting a rate lock at the time of pre-approval.
While these innovative cars may allow their owners to pass the gas station, but they still need fuel which means that access to a charging station is important to keep these owners on the road.
Each year, home renters face the question of whether to renew their lease for another year or determine it is time to buy a home of their own. Over the past couple of years, the US housing market has changed dramatically as home values have soared and interest rates have remained low. So, if you are still renting your home, it might be time to buy instead.
Today’s market is quite different. Desirable homes are snapped up the moment they hit the market, often with multiple offers. Homebuyers in this climate must move quickly. This may require jumping on an opportunity without both partners adding their input.
Did you know that each year paint and pigment companies work hard to predict the hottest trends in colors. They choose the “Color of the Year” and home designers love to infuse new tones and hues into their new designs.
More and more, families are forgoing exotic vacations and using the savings to enhance their home for staycations. In addition to the home improvement boom, the second home market has also exploded. Owning a second home was once a privilege for the rich and famous, but now even those with a modest income can purchase a second home.