• Are you interested in winning a little extra holiday spending money? You don’t have to answer that – everyone is interested in extra money! Good news! Today marks the beginning of the Quicken Loans Cyber Monday ThanksGiveaway!

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  • Save some time, and find out what this year’s hot holiday toys are before the big rush.

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  • Thanksgiving is quickly approaching, and if you’re hosting the dinner this year, it’s time to start planning. That’s why I’ve put together a helpful Thanksgiving checklist to relieve some of the stress. There’s even a downloadable PDF version so you can check it off as you go!

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HOA Fees: What Do They Cover?

HOA Fees: What Do They Cover?

Consider HOA Fees When Purchasing a Home Purchasing a home requires you to make many decisions. Aside from which home to choose, you’ll have to consider the type of home, location and size as well. If you choose a condo vs. a single-family home, you will have to take HOA (Homeowner Association) fees into account as you plan your budget. Owning a condo has its advantages and disadvantages. For instance, condos give you the opportunity to enjoy your home without having to worry about mowing the lawn or snow removal, for example. However, these services are not free. HOA fees are the source of funds that are used to pay for these amenities. What Do HOA Fees Cover? Each association has different policies. This is why it’s wise to ask the seller for a list of the HOA rules and regulations. If the seller doesn’t have one available, you can ask for the name of the property management company who oversees the community in order to get more details. In general, these are some of the costs that can be covered by HOA fees: City Services- Including services such as trash removal, water and sewage. Insurance- This only includes insurance for damage of the outside of the building and the property around it. You still need an individual insurance policy to cover everything inside of the condo. Lawn Care- This includes snow removal, gardening and general lawn maintenance. Pest Control- Most HOAs schedule a monthly inspection from a pest control…

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Bonds Drop Following Decline in Job Claims Report – Market Update

Bonds Drop Following Decline in Job Claims Report – Market Update

Bonds opened relatively unchanged this morning and then subsequently dropped following a decline in the initial job claims report. In other news, the European Central Bank raised their rates by .25 percent in an effort to curb inflation. That decision came not long after Portugal put in a request for a bailout, which estimates say could reach $130 billion, and also at a time when many countries are in need of capital.

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It’s the Right Time to Buy a Home

It’s the Right Time to Buy a Home

Fortune Magazine published a great article this week talking about how the real estate market is on its way back to recovery and wanted to share it. Signs of Housing Recovery We think it’s a compelling article that supports our belief that it is a great time to purchase a home due to low home prices and historic low mortgage interest rates. While gold or stock options may be appealing, take another look at housing – it may just be the most attractive asset in the American portfolio today.  Here’s why: Home inventory is starting to decline Buying a home is affordable Home Inventory is Starting to Decline According to a three-decade tracking study done by Metrostudy, soon there will be a shortage of homes. Subsequently, there will also be a boost in home prices.  For decades, Metrostudy had inspectors literally drive through 45,000 subdivisions from Baltimore to Sacramento to record whether each lot contained a finished house, one that’s under construction or one that had been sold. They covered 65% of the U.S. housing market. The two most important metrics Metrostudy used to determine whether there is a surplus or shortage are the number of homes that are vacant and for sale in each city, and the number of months it takes to sell them. The results show that there is a reversal of the new-home explosion that caused the housing price decline a few years ago.   There are two factors that are helping the recovery in residential…

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