RE/MAX of Greensboro & Partners
Triad Real Estate: Greensboro, High Point, Kernersville, Winston Salem
Home price growth approached all-time highs in August, but there were signs that prices may have peaked in some U.S. metro-areas. Seattle, Washington held the top rate of home price growth with a seasonally-adjusted annual appreciation rate of 13,20 percent. Las Vegas, Nevada had the second highest growth in home prices with 8.60 percent in August. San Diego, California reported a seasonally-adjusted annual home price growth rate of 7.80 percent.
Last week’s economic reports included NAHB Housing Market Indexes along with readings on housing starts, building permits and existing home sales. Weekly readings on mortgage rates and new jobless claims were also released.
Builder sentiment rebounded in October after lagging during summer months. The National Association of Home Builders Housing Market Index reading for October was four points higher than the expected reading of 64 and September’s reading, which was also 64. Any NAHB Housing Market Index reading over 50 is considered positive.
With the cost of a home on the rise and the concept of being sustainable becoming more popular, many people are considering moving to a smaller home to minimize their impact. It’s important, however, to consider what living small is really like before deciding that it’s the right move for you.
There are so many ways in which you can green up your home and make it more sustainable these days that many people are considering tankless water heaters. While this can certainly be the right option depending on the space you have and the type of water you use, here are some things to consider before you decide to invest in the switch.
Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA’s standards. FHA won’t insure loans on just any property. While their standards aren’t as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing.