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March 27, 2015

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Fewer Claims for Unemployment Insurance in August Portend Lower Unemployment Rate

Fewer Claims for Unemployment Insurance in August Portend Lower Unemployment Rate

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses unemployment insurance claims. Initial claims for unemployment insurance dropped in the last week of August to 323,000 claims, the lowest number of claims filed since the economy fell under [...]

What are retirement equity release mortgages?

For many people the home is the most valuable asset they have. However, accessing the equity can be very difficult unless you sell your home. Equity release mortgages, sometimes called reverse mortgages, are mortgages that allow you to access the equity in your home without selling it. It works similar to a home equity loan […]

Consumer Interest in Housing Gains Momentum

Consumer Interest in Housing Gains Momentum

The Federal Reserve Board of New York released its update to the Survey of Consumer Expectations this morning.  Consumer optimism toward housing has improved significantly at the lower credit spectrum from last spring, and remains robust at the middle and upper credit tiers.  The positive trend relative to a year ago points to sustained improvement […]

How to Update a Kitchen to Attract Buyers

How to Update a Kitchen to Attract Buyers

By Patti Stern, PJ & Co. Staging and Interior Decorating Kitchens are more important than ever when it comes to influencing buyers’ perceptions of a home as well as the perceived value. Some home owners make it a priority to invest in remodeling key rooms to increase the value of their home for when they […]