Home buyers who want a bargain may want to act now because the housing market is in the midst of a turnaround, economists say.
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A new survey shows that the tighter economy has prompted more home owners to tackle do-it-yourself house projects — everything from “plumbing, painting, and home cleaning,” according to a new report from Bank of America. Home owners say they used to hire-out for such projects in the past.
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With signs of a housing turnaround getting stronger, housing experts say buyers are finding several recent changes when they go to put in an offer on a home.
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Mortgage applications for purchase were up slightly as mortgage rates last week hovered near record lows.
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Zillow company officials say they hope the recent purchase of RentJuice Corp. will help expands its spot in the rental marketplace.
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Although commercial real estate markets showed signs of recovery in 2011, commercial lending standards have tightened in the past year for small businesses and scuttled a major portion of contracted transactions for smaller properties, according to the National Association of REALTORS’® annual Commercial Real Estate 2012 Lending Survey.
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