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Mortgage Rates Fall Below 3%
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COVID-19 and its side effects have kept rural Pa. real estate agents busy
COVID-19 and its side effects have kept rural Pa. real estate agents busyThe last time Tina Richlin’s phone rang this much was just after the terrorist attacks of 9/11, when some city residents thought they’d be safer in the mountains. Today, the COVID-19 pandemic has the lines at Richlin’s real estate office in rural Sullivan County ringing nonstop again with people seeking to rent short-term, buy second homes, or relocate altogether to somewhere with a smaller population.
What The Fed’s Interest Rate Cut Means For You
What The Fed’s Interest Rate Cut Means For YouThe Federal Reserve cut its short-term benchmark rate by a half percentage point Tuesday morning. The timing of this rate cut, which comes in between the Fed’s scheduled policy meeting, hasn’t occurred since the 2008 financial crisis. This lowers the federal-funds rate to a range between 1% and 1.25%.
via WSJ
11 Sears Roebuck Homes Then & Now!
11 Vintage Houses That Came from a CatalogIn the early 20th century, a handful of companies, including Sears, Roebuck and Co., sold tens of thousands of mail-order homes. Available in a variety of styles and at a range of price points, these “kit houses” would arrive via railroad boxcar as precut and fitted materials, which the owner or a local contractor would assemble into a new house.
via BobVila.com
Automated Valuations Continue To Be Unpredictable For Most Properties
Plan to Reduce Human Appraisals May Lead to ‘Wildly Inaccurate’ EstimatesFederal agencies want more properties to qualify for automated valuations, but appraisers say it could increase grossly inaccurate value estimates.
via Realtor Magazine
Help Support the Shikellamy Braves Community Foundation
Buy a Brick, Support ‘Shik’NORTHUMBERLAND — If you or a loved one has connections to the Shikellamy School District in Northumberland County, you can now permanently memorialize your loved one’s name. The Shikellamy Braves Community Foundation is selling engraved bricks to line the walkway of the new middle school. Construction continues at the new Shikellamy Middle School in Northumberland.
via WNEP.com
Want A Real Valuation? Don’t Rely On Zillow
How accurate is Zillow’s Zestimate? Not very, says one Washington-area agent.David Howell is executive vice president and chief information officer at McEnearney Associates. Stan Humphries, chief economist at Zillow and architect of the Zestimate, responds to Howell’s criticisms in his own commentary. To read Zillow’s rebuttal, click here.
via Washington Post
Need Some More Privacy?
Depending on where you live, adding some privacy can really add to the enjoyment of your home. Here are a few great ideas for cutting down on the view & noise of neighbors.
10 Ways to Add Privacy to Your YardThere was a time you could kick back in glorious solitude right in your own backyard. Then the family next door cleared some trees on their lot. And on the other side, the neighbors’ new master suite includes a second-story deck with nice views-into your yard.
via This Old House
New Season of This Old House, Charlestown Row
What a hefty undertaking! This Old House always seems to be a good showcase for new products and ways to make home remodel projects much easier.
Charlestown 2014 | A Rowhouse ReimaginedAfter five months of work in Charlestown, the exterior is nicely restored thanks to a new dormer, windows, shutters, and front entry. Inside, Kevin finds systems integrator Greg Smizer test-driving the new internet-based security system, wireless music system and remote controlled window shades with solar battery back up.
via Thisoldhouse
Rehabbing Houses for Profit? Here’s a nice little article
Came across this article, and although it might not apply to all situations, I believe there is something to gain from it.
Plan ahead. Will you need financing to start or finish the project? Are you going to start with your own working capital and then seek investors/financing later? (If so, brush up on these tips) Are there underlying issues beyond your expertise that might sour this great deal later on?
Rehabbing Houses For Love And ProfitElizabeth Ellsworth AGE: 51 New Canaan, Conn. Day Job: bank marketer Strategy: Rehabbing high-end houses Elizabeth Ellsworth rehabbed her first house, a 1920s Mediterranean revival in the El Cid historic district of West Palm Beach, Fla., while working in marketing for Citibank Latin America.
via Forbes