July 2011 Real Estate News

By
Real Estate Agent with ZipRealty 1415115

Study Shows Homeownership Affordability at Record High

 

According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), homes were more affordable during the first quarter of 2011 than at any other time during the past two decades. The HOI shows the percentage of homes sold across the country that families earning the national median income of $64,400 can afford. Of all the new and existing homes sold within the first three months of the year, 74.6 percent were affordable to these median-income families.

Affordable Home Prices
In line with the lending industry's standards, the National Association of Home Builders considers a home affordable when no more than 28 percent... Read More

Keep Your Air Conditioner Running Efficiently this Summer

 

Summer temperatures are rising, and so are energy costs. Faced with skyrocketing energy bills, many families are shutting off their air conditioners. But a cool home doesn't have to come at the expense of a family's savings. Here's how to lower your energy bills without sweating through the summer.

Keep the Heat Outside
To lower your energy bills, make sure your home is sealed tight against the outdoor heat. Check to make sure your attic has adequate insulation. If you can see the attic joists, you'll need to add more insulation; aim for a 12- to 15-inch layer. Windows and doors can be drafty areas, so seal up any cracks... Read More

Secrets of a Solid Home Inspection

Courtesy of ARA Content

Selling, buying or just putting a house on the market may raise many questions. Can I get a good price? Are there any problems I should fix prior to listing my house? If I buy this house, will I encounter problems that may make me regret my decision?

The sale price of a house depends on many factors, including the market, location, size of the property, age of the house, condition of the structure, what appliances might be included in the sale and even how nicely the property and building were landscaped and decorated―just to name a few... Read More

Key Areas to Focus When Preparing Your Home for Sale

 

When your home is on the market, you want to give it every advantage, yet reserve enough funds for your new home. Let's assume you've painted the walls and trim―arguably the best use of your money when selling your home. These ideas go a bit beyond, yet are easy on the budget.

Kitchen and Bathroom 911
Painting cabinets goes a long way to brighten up a kitchen or any storage area. If you DIY, read up on painting materials and techniques, but don't be too intimidated. It is a time-consuming task, but well worth... Read More

Pest-Proof Your Home Against Summertime Critters

Courtesy of NewsUSA

In the heat of summer, unwanted pests are making their way into cooler homes, and they are more than just a nuisance. Pests pose risks to people's health and property, so it is important for homeowners to take steps to prevent infestations. There are many ways in which homeowners can "pest-proof" their homes as part of their summer-maintenance routine. Taking preventive measures early in the season is the best approach to keeping pests at bay.

"As the warmer weather brings back numerous pests, early... Read More

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