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Study: Homes Appreciate Faster in Disaster-Prone Areas

NAR Daily Real Estate News - September 24, 2018 - 1:00am

Cities with high risks of natural hazards, such as flooding, hurricanes, and wildfires, continue to attract home buyers, according to a new report.

Categories: Real Estate News

Homeowners Reveal Their Top Nonnegotiable Amenities

NAR Daily Real Estate News - September 24, 2018 - 1:00am

Find out which home features are deal breakers—and which aren’t—for your clients.

Categories: Real Estate News

Fall Brings Price Drops for a Quarter of Homes

NAR Daily Real Estate News - September 24, 2018 - 1:00am

With inventory starting to inch up, sellers are facing stiffer competition in the market and adjusting their price expectations, according to a new report.

Categories: Real Estate News

Brokerage Funds Sanctuary for Pets Affected by Florence

NAR Daily Real Estate News - September 24, 2018 - 1:00am

A North Carolina real estate firm has organized an initiative to house cats and dogs who were abandoned or surrendered during the storm.

Categories: Real Estate News

Consumers Can Now Request Credit Freezes for Free

NAR Daily Real Estate News - September 21, 2018 - 1:00am

You and your real estate customers no longer have to pay a fee to block access to personal financial information in the event of a cybersecurity threat.

Categories: Real Estate News

Howard Hanna Acquires Allen Tate

NAR Daily Real Estate News - September 21, 2018 - 1:00am

The merged brokerages look to take on a bigger presence in the Mid-Atlantic and Midwest regions.

Categories: Real Estate News

30-Year Mortgage Rates Reach Highest Level Since May

NAR Daily Real Estate News - September 21, 2018 - 1:00am

For the fourth consecutive week, mortgage rates continued to climb as home buyers face higher borrowing costs.

Categories: Real Estate News

Where Agents Find High-Quality Leads

NAR Daily Real Estate News - September 21, 2018 - 1:00am

A recent survey reveals the low-cost tools real estate pros are using to find the highest number of promising leads.

Categories: Real Estate News

Homeowners Seeing Richer Annual Equity Gains

NAR Daily Real Estate News - September 21, 2018 - 1:00am

Find out the average amount homeowners have gained in property value by state over the past year.

Categories: Real Estate News

As Summer Ends, Homebuilding Picks Up

NAR Daily Real Estate News - September 20, 2018 - 1:00am

Builders warn that new-home construction could soften in the near future despite rising in August.

Categories: Real Estate News

When Is it OK to Tap Home Equity?

NAR Daily Real Estate News - September 20, 2018 - 1:00am

Consumers’ growing penchant for debt might temp them to borrow against their home equity. But are their reasons for doing so sound?

Categories: Real Estate News

Agents Selling Luxury See Uptick in Sales, Prices

NAR Daily Real Estate News - September 20, 2018 - 1:00am

High-end housing markets continue to climb, as luxury home prices in 20 major counties record double-digit gains.

Categories: Real Estate News

Report: Market Could Stabilize as More Homes are Listed

NAR Daily Real Estate News - September 20, 2018 - 1:00am

NAR’s Existing-Home Sales report, released Thursday, found sales remained mostly flat in August, bringing relief to markets following a string of monthly declines.

Categories: Real Estate News

A Big Nuisance Entering More Homes This Fall: Spiders

NAR Daily Real Estate News - September 19, 2018 - 1:00am

More spiders will likely weave their webs inside homes this fall. Here’s how you can get rid of them.

Categories: Real Estate News

Builders Warn Trade War Is Now Hitting Housing

NAR Daily Real Estate News - September 19, 2018 - 1:00am

The latest round of tariffs “could have major ramifications for the housing industry,” the builders’ trade group warns.

Categories: Real Estate News

‘We Will Rebuild, and Many People Will Come Again’

NAR Daily Real Estate News - September 19, 2018 - 1:00am

Real estate professionals in the Carolinas put their businesses on hold to help communities get back on their feet after Hurricane Florence.

Categories: Real Estate News

7 Benefits of a Federal Reserve Interest Rate Hike

RisMedia Consumer Advice - September 18, 2018 - 3:26pm

(TNS)—Interest rates are going up. The Federal Reserve in June hiked rates for the second time in 2018, and there could be two more rate hikes before the end of the year, including one at this month’s Fed meeting.

Sure, the increases mean it will cost more to borrow—but you’ll benefit from getting better rates on high-yield certificates of deposit.

Healthier returns on CDs are only one gain from the Fed’s rate-raising campaign. Here’s how you can take advantage of other positive outcomes from Fed rate increases. 

  1. Higher Returns for Savers
    If you’re a saver, low interest rates have brought about the financial equivalent of a long drought. Any improvement, even modest, is welcome and overdue.

“Interest rates have been so low for so long that many people have fallen out of the habit of rate shopping,” says Robert Frick, corporate economist for Navy Federal Credit Union. “But now that rates are rising, they should get back into the habit and will be seeing bigger payouts from their accounts, especially certificates of deposit. This is especially important for people on fixed incomes.” 

  1. Tamed Inflation
    Most broad-based measures of prices indicate inflation has continued to remain under control in the U.S. in recent years. The central bank’s target for inflation is 2 percent, but inflation has yet to hit the bull’s eye on a sustained basis, as measured by personal consumption expenditures, or PCE.

If the Fed achieves its objectives in steering the economy, inflation should remain under control.

A positive inflation scenario after a rate increase might include “lower prices of imported consumer goods, due to a likely higher exchange value of the dollar if our domestic rate increases are not matched by policy tightening in other major economies,” says Daniil Manaenkov, U.S. forecasting specialist at the Research Seminar in Quantitative Economics at the University of Michigan. 

  1. More Lending
    A credit bubble rightfully received some of the blame for the financial crisis in 2007. In the aftermath, lending came to a complete stop.

Lending has resumed. “Banks may have a greater incentive to loan out reserves at higher interest rates, and thI increased flow of additional credit would boost economic growth,” says Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida. 

  1. More Interest Income for Retirees
    As a rate boost brings better returns to savings vehicles, senior citizens should enjoy better paydays by putting their money in CDs and savings accounts. “Higher interest rates on CDs and other financial instruments will particularly help older Americans trying to live on their retirement savings,” says Lynn Reaser, chief economist at Point Loma Nazarene University in San Diego.

As the population ages in coming years, many more Americans will come to appreciate even modest increases in interest income during retirement when they buy certificates of deposit. 

  1. Stronger Dollar to Boost Purchasing Power
    As the Fed continues to boost rates (and with the outlook for more rate hikes to come), the U.S. dollar gets more support. Ultimately, that means more purchasing power with the greenback compared with other currencies.

Predicting moves in the foreign exchange market is difficult, but Snaith and other economists say the dollar could strengthen further as the Fed boosts rates.

Fed tightening “is likely to mean a somewhat higher dollar, so people traveling to Europe will do well,” says Dean Baker, co-director of the Center for Economic and Policy Research in Washington.

  1. Stocks Will Trade on Fundamentals
    As the Federal Reserve embarks on what officials have called “normalization” (that is, a backing away from record-low rates), stock prices may start to make more sense and not reflect the central bank’s easy monetary policy quite so much.

“A normalization of rates would return the focus to market fundamentals and off of focusing on the nuances of each Fed statement,” says David Nice, former senior economist at DS Economics in Chicago. 

  1. Would-Be Homebuyers May Get off the Fence
    As the Fed continues to raise rates, higher mortgage rates likely will follow. If the prospect of higher mortgage rates compels you to a home sooner than later, you won’t be alone.

“Higher mortgage rates could push buyers off the fence—increasing demand, increasing prices and increasing home equity so that more people can sell their homes,” says Joel Naroff, president of Naroff Economic Advisors in Holland, Pa. 

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

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The post 7 Benefits of a Federal Reserve Interest Rate Hike appeared first on RISMedia.

Categories: Real Estate News

Do You Spend Too Much or Too Little on Technology?

NAR Daily Real Estate News - September 18, 2018 - 1:00am

NAR’s 2018 Technology Survey reveals real estate professionals’ gadgetry habits, as well as the most popular tools being used right now in the field.

Categories: Real Estate News

Study: Mobile, Traditional Homes Appreciate at Similar Rates

NAR Daily Real Estate News - September 18, 2018 - 1:00am

New findings counter what the public has long assumed about mobile homes.

Categories: Real Estate News

Down Payments Jump to Record Highs

NAR Daily Real Estate News - September 18, 2018 - 1:00am

Buyers are “upping the ante” when it comes to putting more money down on a home purchase.

Categories: Real Estate News