Is it time to plan for Spring home renovations?

Woman thinking about home improvements | mortgage rate news

What’s the best way to plan for Spring home renovations & upgrades?

Do you have an area of your home that makes you say, ‘ick!’? From outdated bathrooms to carpet that needs to be updated, just about everyone has at least one ‘ick’ they’d like to fix. Spring is a great time to update or renovate your home, and the team at Guaranteed Rate has put together a few recommendations to fix your icks this spring. Take a look at our detailed list if you’re looking for a few ideas to get your home looking nicer.

How is the Florida real estate market staying hot?

The National Association of Realtors reported on a variety of issues related to the housing market this week. Among the most interesting data points was that the Florida area will continue to be one of the hottest areas in the country for real estate. Home Builders CEO Jerry Howard stated, “There’s 1.9% [population] growth in Florida. Florida is encouraging growth across all sectors, as are the Carolinas. And that’s where people are moving. That’s where you can still build.” 
A population that’s continuing to grow, as one of the easier environments to build homes in the country, could make Florida, and the Southeast as a whole, one of the top markets to buy into this year.

What is the hottest real estate market in the US right now?

Despite the sunny outlook for Florida, the Sunshine State doesn’t have the current hottest real estate market in the country. According to US News & World Report, the hottest market to buy  real estate in right now is the Raleigh-Durham metro area. Raleigh offers relatively affordable housing costs compared to income, low unemployment and a healthy ratio of building permits to employment growth. While there are challenges to the current housing market, buyers in the Raleigh-Durham metro area appear to be shrugging them off and jumping into any property they can get their hands on.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.