NEW YORK (CNNMoney.com) -- Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year and next. The average home price in the United States will fall by about 6% by September 2011, according to a joint report between Fiserv and Moody's Economy.com. And that's after plunging more than 27% in the past three years.
Read all of Watch out for falling home prices
"According to a study from Remodeling magazine, the average return on value for an upgrade declined from 87% in 2005 to 64% in 2009. But these six new rules will help you maximize your return on your remodeling investment." CNNMoney.com
Read all of Where your time & money is best spent when remodeling
"Most financial advisers suggest you should have a good 5% of your portfolio in real estate now."
Read all of How to: Invest in REITs
We are optimistic here at Fuquay Varina Real Estate and do our best to help our client’s get their homes sold. Unfortunately, some are still struggling in this market. In a new report from CNNMoney.com, they discuss how many home owners, are choosing to stay put and remodel their homes instead of moving. In fact, 20% more of home construction funds are going to home improvements, compared from the same time last year.
Read all of Many Home Owners Are Choosing To Stay Put In This Market
Freddie Mac has been tracking mortgage rates since 1971. According to the experts, the 30-year fixed-rate mortgage has fallen more than a full percentage from last year making the average 4.78 percent this week!
Read all of 30-year-loan rates match record low
