2022 Christmas Tree Recycling Project
- 9:00 AM 1:00 PM
IMPORTANT CHANGES FOR 2022Trees will only be accepted from residents. No commercial or municipal…
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The launch of NASA's James Webb Space Telescope has been delayed yet again.
NASA's long-awaited space observatory is now scheduled to lift off from French Guiana no earlier than Dec. 24, two days later than previously planned.
"The James Webb Space Telescope team is working a communication issue between the observatory and the launch vehicle system," NASA officials said in a statement on Tuesday (Dec. 14). "This will delay the launch date to no earlier than Friday, Dec. 24. We will provide more information about the new launch date no later than Friday, Dec. 17."
The James Webb Space Telescope will ride to space on an Ariane 5 rocket provided by the European launch company Arianespace.
Engineers at the Guiana Space Center in Kourou, French…
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In today’s market, inventory is still low while demand remains high. This leads to fierce competition among buyers, who should not expect to negotiate a lower sale price like they could in a normal housing market. Currently, sellers receive an average of 3.8 offers and their homes sell in about 17 days.
The deputy chief economist at CoreLogic, Selma Hepp, says, “The imbalance between robust demand and dismal availability of for-sale homes has led to a continual bidding over asking prices, which reached record levels in recent months. Now, almost six in ten homes listed are selling over the asking price.”
For buyers, this means that offering below or even at a home’s list price may not be enough to obtain your dream house.…
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In today’s housing market, we are seeing high demand and low inventory — and when this happens, prices naturally rise. Thanks to these home sale prices appreciating at near-historic rates, certain challenges have arisen with regards to appraisals. For the last few months, it has become more and more common for an appraisal to come in below the contract price on a home. Chief appraiser for CoreLogic Shawn Telford explains, “Recently, we observed buyers paying prices above listing price and higher than the market data available to appraisers…this difference is known as the appraisal gap.” Put simply, because of skyrocketing buyer demand, prospective homeowners are often willing to pay over asking to secure their dream homes. However,…
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Though things are looking up for the housing inventory, which is projected to increase after hitting record lows in the first half of 2021, it is likely going to remain a seller's market for a while. In light of this knowledge, what can you do to give yourself the best chance at securing the home of your dreams this summer? Read on to see our top tips for becoming a competitive buyer.
1. Take the Time to Get Pre-Approved
Entering an offer situation that could end up in a bidding war without pre-approval often means the difference between nabbing your dream home or losing out. Getting fully qualified beforehand makes a seller more confident in your offer and increases your odds of acceptance.
2. Consider a Fixer-Upper
Many home buyers are…
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By now it's a matter of record that historically low-interest rates, a lack of inventory, and record home sale prices dominated the market in the first half of 2021, but what trends do experts predict will arise in the latter half of the year? Read to find out.
1. Rising Mortgage Rates
Many economists project that rates will rise from their historic lows - but not by much. Freddie Mac estimates that for a 30-year fixed mortgage, interest rates will average 3.4% in the fourth quarter of 2021.
2. Continued Home Appreciation
J.P. Morgan's senior markets economist Joe Seydl and others believe home prices will continue to rise through the end of the year, but price growth will likely slow. For this reason, Seydl urges buyers to purchase a…
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Head outside after dark on Wednesday, July 28 to see the Delta Aquariid Meteor Shower! Though the meteor shower starts around July 12 and lasts until the end of August, you're likely to get the best view on July 28 - the day the shower peaks!
MAKE A WISH!
Here is everything you need to know about the meteor shower - earthsky.org
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In one of the most competitive real estate markets in recent history with the inventory at an all-time low, it's crucial as a buyer to be as competitive as you possibly can from the outset. The most surefire way to increase your chances of success? Get pre-approved for a home loan. Mortgage preapproval means a lender has reviewed your finances, determined how much you're qualified to borrow, and conditionally committed to actually granting you a mortgage - and here's why it's so important.
First, pre-approval is the only true way to know your price range. If you are looking at houses outside of this range, you will lose out to bidders who can afford a higher offer.
Next, with extremely limited housing inventory, buyer competition is at a…
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