The 31-year secular decline in mortgage interest rates may finally be reaching its capitulation. Rates were scraping off their all-time lows at the end of April, hitting 3.35 percent or so on May 1, 2013, but rose sharply that month, hitting 3.9 percent by June 1. So what does that mean? It means that all else being equal, the payment on a 30-year, $250,000 mortgage increased from $1101.78 per month to $1179.17. That’s a modest difference – less than a cable bill, really. But it’s enough to
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Jenelle Isaacson, owner of Living Room Realty in Portland, Ore., has obviously spent time examining her life. She knows who she is, she knows what is important to her, and she has taken the time to determine her values, goals and the culture she chooses to entrench herself in. Sure, she’s a real estate broker. But she’s a broker with an unwavering commitment to Portland’s urban neighborhoods and the people who live there, to her business and to her agents.
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Centerpieces can be simple, ornate, rustic, seasonal or even romantic in design, but they all share some things in common: They are always a strong focal point to any room, and they help establish the theme to their surroundings. Fortunately, creating an exceptional centerpiece doesn’t have to be expensive or complicated. Here are some DIY centerpiece ideas to enhance your home.
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Trying to decide how to honor the special father in your life for Father’s Day? Why not skip buying another accessory for the barbeque or gadget to improve his golf swing, and give the gift of organization instead? Use my 10-step process to create an organized workbench that’s sure to inspire greatness
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Be honest. As a real estate professional, a home that “needs work” makes your skin crawl and drops a pit in your stomach. These kinds of homes are a drag on your time and effort. They tend to frustrate the homebuyers you’re working with for so many reasons. Instead of showing this housing stock, you’d rather show new construction or homes that have been well cared for by the previous owners.
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A recent survey by mortgage giant Fannie Mae found that 40 percent of Americans believe now is a good time to sell a home, compared to 30 percent in April and 16 percent a year ago. The response indicates a rise in confidence among homeowners, which could lead to more inventory in the market, thereby ensuring smaller price gains in the future. “Sentiment toward selling a home appears to be catching up with the strengthening housing market,” Doug Duncan, senior vice president
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The Oahu real estate market is, without question, one of the most unique and desirable markets in the United States. In no other U.S. market do you have the confluence of a year-round tropical climate, an international client base, substantial military spending to support the local economy, and an extremely limited supply of land that can be developed.
These factors not only put Hawaiian properties in high demand, but they cause our real estate market to behave unlike any other market in the continental U.S. Recently, we have seen a number of lead indicators – including inventory levels, buyer demand, and homes being bid up over their listing price – which lead me to believe that our market is poised to experience noticeable price increases in the near future.
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There are a lot of gardeners who are quick to reach for a chemical solution to biological garden problems. One area where this is common is in the identification of garden pests and the application of pesticides. Nobody wants to see their roses covered with aphids or their trees covered with tent caterpillars. In order to fix the problem as quickly as possible, many gardeners forego eco-friendly gardening techniques and rush out to purchase pesticides.
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Home values aren’t the only thing at risk when a house in the neighborhood goes through foreclosure. When the neighbors move out, rats move in. If there are foreclosed or neglected properties in your neighborhood, here’s what you can do to prevent rats and other pests from being attracted to your home.
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Don’t look now, but the long-anticipated secular rise in interest rates may be upon us. A close look at mortgage rates shows a decided uptick as we head into the summer months. That means good news for savers, but bad news for borrowers – and a significant headwind ahead for home prices. Yes, rates are still at the sub-4 percent level. That is, absurdly low by historical standards. But rates are now at the highest point they’ve been for over a year.
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Read more about Flipping Houses and Rising Mortgage Rates