The FHA offers a unique type of product that allows a purchase or refinance mortgage loan to include the expected cost of repairs and renovations. With a minimum 3.5% down payment for qualified applicants, a 203(k) mortgage rehabilitation loan can exceed the purchase price but not the FHA maximum loan amount, which can vary among … Read more
Home inventory growth slowed in March 2023 as fewer sellers put their homes up for sale than in March 2022. The March 2023 inventory increase was 9.3% compared to February’s 13.3% growth. However, experts expect the coming spring housing market to be busier than this past winter.
The number of homes sold peaked at almost 7 million in 2021 after steady growth in the previous ten years. Although sales will likely drop in 2023, many people still want to purchase their first home. Besides budgeting to buy the home, homebuyers must also set aside funds for home maintenance. Purchasing a property is … Read more
The global demand for house painting services continues to grow. But what’s the reason for this notable trend? First, there is an increasing focus on property improvement. Plus, many owners are trying to make their homes more appealing. The fact that exterior painting makes a property stand out is also a huge contributor to the … Read more