When most people think of renting, their thoughts typically turn to large apartment complexes of units all stacked up and ready to occupy. And while this “big box store” approach to apartments certainly has its advantages (offering amenities like a clubhouse and laundry), renters have an opportunity to really stretch their comfort levels when looking for an ideal place to meet their housing needs. One of the biggest advantages to renting is that your commitment tends to be lower, in terms of both finances and time. You’ll have less riding on making the “perfect” choice. If a rental isn’t ideal, you’ll [...]
Mortgage rates are always changing. They go up; they go down. For a 30-year fixed rate mortgage, rates peaked in 1981 at 18.63%, unheard of in today’s era of low-interest rates. Mortgage rates bottomed out in 2012 at 3.31%, according to Freddie Mac’s Primary Mortgage Market Survey.
If you’re buying a home, you need to pay close attention to mortgage rates. They have a significant impact on the cost of buying a home. As the rates increase, your monthly payments go up. When rates go down, the cost of a home declines. For 2018, experts are predicting rates will increase.What influences mortgage rates?
A variety of factors influence mortgages. They can [...]
It’s almost President’s day. Right in time for the holiday, homes.com has compiled a quick history lesson for those of us (Editor – like me) who might not have known why President’s Day is celebrated as a national holiday. From wacky monikers for the President of the United States to lesser known facts, we’ve got you covered below.
Virginia has produced eight U.S. Presidents. Notable presidents from the Old Dominion include George Washington, Thomas Jefferson, Zachary Taylor, William Henry Harrison, John Tyler, James Madison, Woodrow Wilson, and James Monroe. Four of the five first presidents were born in Virginia. Those traveling in [...]
As technologies evolve and workforces become more diverse and specialized, more Americans are avoiding the traditional model of going into an office from 9-to-5. Individuals and companies are both realizing the value of having a flexible workforce that can work from home, taking a blended workplace/home office approach to their job. This approach has several advantages including the opportunity to respond to problems and needs as they arise, the ability to work in a quiet space away from corporate distractions, and cost savings relating to minimizing operational expenses for the business. You may also have the added advantage come tax time of being able to deduct $5 per square foot [...]
Millions of people rely on public transit daily for their ride to work or simply to maneuver around the city. Public transit systems are put in place to assist their many occupants and to make their commute easier. According to All Transit, these cities have the best public transit systems in the country.San Francisco, California
Topping our list is sunny San Francisco. Just over 35% of the city’s population uses public transportation. A Bay Area Rapid Transit (BART) monthly pass costs $94. San Francisco has both elevated and subway routes and the city has 47 BART stations that service San Francisco, Oakland, San Mateo County and Santa Clara County – [...]
The time of the year that most fashionistas (Editor: like myself) love is among us: New York Fashion Week! It’s the one week of the year where our eyes look like deer caught in headlights due to the new and innovative looks that fashion designers and brands showcase for the upcoming seasons. Just like those popular brands and designers whose names ring bells, there are states and cities that are known to be the “go-to” for all things fashion. It’s no surprise that New York is and has always been one of the top four fashion capitals but what about the other cities and states that get overshadowed by their tough competition? Well, below we shine a light on some [...]
The dawn of a new year brings with it the new chairperson of the Federal Reserve, Jerome Powell. In one of Janet Yellen’s final acts before leaving office in early February, she presided over the Fed’s decision not to raise mortgage interest rates during the first quarter of the year.
Powell is expected to continue the Federal Reserve’s conservative policy of raising rates gradually if the economy remains strong. Should inflation increase, we can expect the Fed to act more aggressively and raise rates faster. During the current economic boom, inflation has been low but may increase as the economy grows.
Other factors besides the Federal Reserve’s [...]