People Prefer Renovation Over Buying New House
Article from Hartford Courant:
Do you fit any of these descriptions?
>> You came through the housing bust and recession far more debt-averse than you were before.
>> You’ve been reluctant to consider selling your house because you don’t believe you’ll get what it’s really worth.
>> Buying a new home is out of the question, even with today’s low interest rates, because it’s so difficult to qualify for a mortgage.
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>> You’ve gradually come to the conclusion that it’s smarter to improve the house you already own — spend some money on making it more comfortable, more up to date — and just stay put for a while.
Whether you share them or not, sentiments like these are having profound effects on real estate markets across the country, fueling post-recession interest in remodeling. In fact, according to federal estimates, by late last year the annualized dollar va…………………continues on Hartford Courant
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Wells Fargo Donates 18 Homes, Renovation Money to Tulsa-Area Nonprofit Groups …
Article from LoanSafe:
(Source: Mike Averill Tulsa World, Okla.) – The nonprofit groups received $ 7,500 for each of the properties, for a total of $ 135,000.
State Rep. Jabar Shumate, D-Tulsa, said the bank’s donations should have a major impact on the area.
“North Tulsa has a high foreclosure rate and a high rate of unemployment. This is going to be a spark,” he said. “When you increase home ownership, businesses then want to move in.
“Wells Fargo actually put meaning behind their words, and that’s what is going to have to happen if we’re going to turn north Tulsa around.”
Shumate also thanked the bank for helping out the north Tulsa community, “because it’s the right thing to do, not because it helps their bottom line.”
“The only way we can get through this crisis we’re in is to all pull together, not point fingers,” he said. “At a time when banks are getting su…………………continues on LoanSafe
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