RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Mortgage Accessibility Expectations Hit Record High

April 1, 2015 12:45 am

More than half (54 percent) of respondents in a recent Fannie Mae National Housing Survey™ believe it would be easy to get a home mortgage, a record-high trend bearing out amid continued strengthening in employment and overall housing sentiment.

“We continue to see strength in attitudes about the current home buying and selling environment and consistently high shares of consumers saying they expect to buy a home on their next move,” says Doug Duncan, senior vice president and chief economist at Fannie Mae.

According to the survey, the share of respondents who say mortgage rates will go up in the next 12 months increased to 48 percent. Those who say it is a good time to buy a house remained at 67 percent. Those who say it is a good time to sell decreased by 4 percentage points to 40 percent.

The share of respondents who say home prices will go up in the next 12 months fell to 46 percent. The share of respondents who believe the economy is headed in the right direction increased three percentage points to an all-time survey high of 47 percent.

Source: Fannie Mae

Published with permission from RISMedia.


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HVAC Cleaning Boosts Energy Savings

April 1, 2015 12:45 am

In the average household, HVAC systems consume approximately 56 percent of energy in the home. Homeowners can save 11 percent or more on energy bills with proper HVAC maintenance, according to the National Air Duct Cleaners Association (NADCA).

When HVAC systems begin to wear, they operate less efficiently. Additionally, contaminated heating and cooling systems can be problematic for occupants, contributing to poor indoor air quality, system failure, and increased energy use.

A complete and proper cleaning will remove built-up particulate and contaminants, improving indoor air quality and maximizing system efficiency. Industry standards include a complete cleaning to include replacing the filter and cleaning the ductwork from where the air enters the return duct, through the air handler (blower, coil, and head exchange) and to the exit, where the air is released to condition the home.

Source: NADCA

Published with permission from RISMedia.


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