Some light reading to go with your Saturday morning coffee…
Housing Predictions: Second Half of 2013
Economists do believe home prices will continue to climb throughout the rest of this year. CoreLogic CLGX -0.4% projects 2013 will end with a 6% increase over 2012. And Altos Research, a Mountain View, Calif.-based firm that tracks real estate data in real time, believes 2013’s final tally will be even higher. “Based on the actual supply and demand data, we are looking at 12% year-over-year,” says Michael Simonsen, chief executive of Altos Research.
Rising rates may help fuel another trend in the coming months: an easing of tight mortgage credit that has hampered the purchases of even qualified homebuyers. As rates rise, refinancing business dries up, pushing lenders to begin ramping up the mortgages they underwrite for prospective buyers.
Interesting to consider that, as interest rates rise, impacting all buyers, but especially those with roughed up credit, banks will respond by loosening their lending standards. Just how short is our collective memory?
Trends | Downsized Living
Over at Freshome, there’s an article about the benefits of downsizing your living space. Honestly, the article sold itself on point number one, in my opinion.
1. Save money on frivolous living:
Let’s face it, the more space you have, the more area you feel like you need to fill every square corner with! One of the beauties on downsizing your home is the ability to stop wasting money on furniture, electronics, appliances, and home items that are used to fill space rather than to fulfill a function. Downsizing into a smaller home will you help you prioritize your life and only bring what is necessary in your home.
“The things you used to own, now they own you.” – Chuck Palahniuk, Fight Club
I am *still* laughing about this video! Hope you enjoy it too.