The Federal Reserve voted Thursday to keep interest rates unchanged, amid concerns over the global economy and financial market volatility. But Fed officials hinted that a modest policy tightening could occur later this year.
The Fed's benchmark short-term rate has stayed near zero since December 2008, which has also helped to keep mortgage rates low ever since. Economists have been largely predicting for months that the Fed would likely raise rates in September, the first time in almost nine years.
A Seattle judge has ordered senior Zillow employee Curt Beardsley and an expert witness hired by Zillow to sit for additional depositions this week as a result of growing concerns regarding evidence destruction in the ongoing legal dispute between Zillow, the National Association of REALTORS®, and Move Inc., which operates realtor.com®.
Consumers remain optimistic about the long-term prospects of the housing market, but home owners say they're hesitant to list their home for-sale, according to Berkshire Hathaway HomeServices' Homeowner Sentiment Survey.
The most common obstacles cited by home owners for not yet listing their home are due to inventory concerns, including "waiting for the right opportunity" and "haven't found my ideal home yet."
Do your buyers think that once the home inspection is over and the concessions have been negotiated, they're done? Remind them that their own annual inspection can save them a bundle by preventing headaches and spotting problems while they're still minor.
Outside the house, they can use binoculars to get a good look at the status of high walls, the chimney, and the roof line. Make sure everything is level and looks solid. There shouldn't be any crumbling in masonry or rot in wood. Also, look for crags and clogs around gutters and downspouts, cracked or peeling paint, and blockages or cracks around the chimney. The roof might be missing shingles, or tree branches might provide a path for pests to enter the house. Anything that lets water in can be a particular source of long-term problems.