Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – November 30, 2020

Last week’s economic reporting included readings on Case-Shiller Home Price Indices, new home sales, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. No readings were released on Thursday or Friday due to the Thanksgiving holiday. Case-Shiller Reports Highest Pace Of Home Price Growth Since 2014 Case-Shiller reported higher home price growth in September with national home price growth of 7.00 percent on a seasonally adjusted annual basis. August’s national home price growth pace was 5.80 percent. Housing markets in many areas are seeing increased activity due to higher demand for homes. While higher home…
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Real Estate , ,

New Home Construction Orders Lead To A Boom For Contractors

During the past few months, the housing market has been through a lot of changes. One of the biggest changes that have taken place involves new home construction demands. While there are plenty of homes that have already been built and are ready to be sold, there are plenty of people who are deciding to build new homes instead of buy existing ones. Now, the demands for new home construction are at heights that have not been seen in close to 15 years. This has led to a business boom for local contractors. While building a new home is a…
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Mortgage , ,

Ensuring Home Contractors Are Following The Rules Under HICPA

There are many homeowners who hire contractors to make repairs or upgrades on their homes. It is critical for home improvement contractors to follow all rules and regulations set forth by the law. These regulations have been set forth under the Home Improvement Consumer Protection Act, or HICPA.  An Overview Of The Home Improvement Consumer Protection Act The Home Improvement Consumer Protection Act was put forth to ensure that homeowners and contractors come to an appropriate agreement. Some of the rule and regulations that are included in the Home Improvement Consumer Protection Act include: All contractors need to obtain a…
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