Wednesday, February 28, 2007

Staging your home

Thinking about selling your home? Perhaps the easiest and least expensive way to best present your house is through staging.

Some helpful tips:
1. Move or remove furniture to show off the room. Make sure people can easily walk in and stand in the room.
2. Make sure lighting is adequate.
3. Flowers add a cheery touch to any room.
4. Freshen up paint as needed, especially the front door.
5. Scents in rooms are fine, as long as they are not overpowering.
6. Remove clutter off counters.

Pack boxes with extra possessions. You're moving!

Friday, February 23, 2007

Builder Confidence UP

The just released National Association of Home Builders/Wells Fargo Housing Market Index (HMI) indicates that builder confidence is stronger. "The HMI increased from 35 in January to 40 in February, up from a low of 30 last September and the highest level since June of 2006."

Citing sales incentives that have been given to buyers as one reason for the increase, the NAHB's Chief Economist also states "Lower energy prices, favorable mortgage rates and solid growth in employment and household income have all contributed to the recent stabilization of home buyer demand>"

To read more: NAHB Builder Confidence

Monday, February 19, 2007

Mortgage rates up

Bankrate.com reports that "The benchmark 30-year, fixed-rate mortgage rose a whole 0.01 percent to 6.32 percent ... One year ago, the mortgage index was 6.37 percent; four weeks ago, it was 6.26 percent."

To read more: Feburary 15 mortage rates report Bankrate.com

Thursday, February 15, 2007

National Association of Realtors makes predictions

The chief economist for the National Association of Realtors (NAR) is predicting "... steady rise in existing-home sales." NAR's outlook is positive: "Existing-home sales, after reaching the third highest total on record, 6.48 million in 2006, are forecast at 6.44 million in 2007 and 6.64 million next year. New-home sales, following a fourth-best 1.06 million in 2006, are projected to decline to 961,000 this year and then rise to 971,000 in 2008."

To read more: NAR Existing Home Sales Predictions

Saturday, February 10, 2007

Mortgage Rates go Down!

Bankrate.com reports that "The benchmark 30-year, fixed-rate mortgage fell 11 basis points to 6.31 percent...One year ago, the mortgage index was 6.32 percent; four weeks ago, it was 6.24 percent."

Good news! "Before this week, the average 30-year fixed had risen seven out of eight weeks -- and it remained unchanged during the one week when it didn't go up. That two-month rise followed a six-week period when rates fell every week."

If you're thinking about buying, interest rates are very attractive!

To read more: Bankrate.com February 8 mortgage loan rate report

Thursday, February 08, 2007

2006 State of the Housing Market Report

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) has released it's survey on housing, and it shows:
. first-time buyers declined from 30.5% in 2005 to 27.1% in 2006 - the second lowest level
. buyers using a second mortgage was up from 38% in 2005 to 43% in 2006
. California home sales were lower in 2006 after four years of growth

To read more: 2006 State of the Housing Market report