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Four Key Injury Prevention Tips On Moving Day

September 5, 2019 by Regine Lane

Four Key Injury Prevention Tips On Moving DayIt’s more likely that someone will incur an injury on moving day than on an ordinary day. The reason is that people are moving in ways that they don’t normally move, loads can be heavy, and accidents do happen. However, most injuries on moving day can be prevented by taking a few simple precautions.

Use A Dolly

Instead of trying to move more than one box by hand, use a dolly or a hand truck. This inexpensive tool can safely move multiple boxes without you having to lift anything at all. Keep in mind that all the boxes should be of equal size; don’t attempt to stack uneven boxes because they may shift and fall, causing an injury.

Take Breaks

Moving day is stressful because there is often a time constraint involved. Everything has to be moved into the truck by a certain time in order to remain on schedule. However, this is the kind of pressure that can lead to injuries. Being overtired leads to carelessness and that’s when accidents occur. Take multiple 10-minute rest breaks throughout the day so your body and mind have a chance to recuperate.

Don’t Overload Boxes

One of the most common moving day injuries happens when someone tries to lift a box that ends up being excessively heavy. Be mindful of the weigh of each box as you pack it. It’s better to keep the weight reasonable and stuff the box with filler than to overload boxes. You don’t have to weigh each box, but just give it a gentle lift to monitor how heavy it’s getting as you pack it.

Send Smaller Kids Packing

If you have smaller kids, the best option is to send them to the parents’ house, or to a babysitter’s until everything is in the truck. Smaller kids may run around and trip you up, distract your attention or otherwise get injured.  

Even the backyard is not a great idea, because they may wander near the truck out of curiosity. For their safety and yours, consider having someone care for them for the day off the premises.

Finally, if you do feel a twinge in your back or get overly exerted, stop what you’re doing and sit or lay down for a few minutes. Don’t try to “push through” the pain; it’s not worth it. Moving day injuries can be minimized or prevented when you take these simple steps. 

If you are in the market for a new home or interested in refinancing your current property, be sure to contact your trusted home mortgage professional to discuss current financing options.

Filed Under: Real Estate Tagged With: Home Safety, Real Estate, Relocation

Young Home Buyers Are A Growing Trend

September 4, 2019 by Regine Lane

Young Home Buyers Are A Growing TrendA new group of young American adults is emerging as home buyers. These are the young adults who were born after 1995 and are part of the demographic group named Generation Z (Gen Z). In 2019, there are 31.5 million Gen Z members who are adult age. This will increase to 44.5 million adults in this demographic group by 2032 as all the younger members become adults.

Right now, there are around 14 million adults in the Gen Z category who are using credit for the first time.

Not Too Young To Buy A Home

Transunion reports that most Gen Z members are getting credit cards, which is the easiest form of credit available to them. However, they are also applying for mortgage financing in record numbers. The year-over-year increase in home loans among this demographic group is up 112%.

Planning For The Future

In a study conducted by Bank of America, the majority of Gen Z consumers, who are between 18 and 23 years old, are already saving for the down payment needed to buy a home. A huge number of them, 59%, report that they plan to purchase a home during the next five years.

Most dream of owning a home before they are 30 years old. They want to buy modestly-sized and lower-priced homes. They have a high interest in homes that are energy-efficient, homes that use smart technology, and those with renewable energy systems.

Smart Homes And Smart Financial Planning

Many of this generation are still living with their parents to save money for a home purchase, which they would otherwise have to pay in rent. Having lived through the Great Recession in 2008, they are, in general, more pragmatic than previous generations. They take home ownership very seriously.

Manifestation Of The American Dream

Over 71%, of those desiring to buy a home, are already designing it in great detail by selecting things they find on the Internet, which appeal to them. They use social media systems like Pinterest and others to get interesting decorative ideas. They share their home decor ideas with friends.

Conclusion

REALTORS® who work with this new group of home buyers will likely find them more motivated to buy a home than previous generations. They are usually more dedicated with their serious financial planning efforts in how to go about achieving their dreams.

The Generation Z consumers know what they want. They are willing to make sacrifices to get it. The majority want a home and are making plans about how to pay for it.

If you are in the market for a new home or interested in refinancing your current property, be sure to contact your trusted home mortgage professional to discuss your financing options.

Filed Under: Real Estate Tagged With: Market Conditions, Market Trends, Real Estate

What’s Ahead For Mortgage Rates This Week – September 3rd, 2019

September 3, 2019 by Regine Lane

What’s Ahead For Mortgage Rates This Week – September 3rd, 2019Last week’s economic news included  readings on home price trends, pending home sales and weekly readings on average mortgage rates and first-time jobless claims. The University of Michigan also released consumer sentiment report.

Case-Shiller Reports Slower Home Price Growth in June

According to Case-Shiller Home Price Indices for June, home prices gained an average of 2.10 percent year-over-year. This was the slowest growth of home prices since 2012. Analysts said that home prices grew at one-third the 6.30 percent that home prices grew last year.

Home prices grew fastest in Phoenix, Arizona with year-over-year growth of 5.80 percent; Las Vegas, Nevada home prices rose 5.50 percent and Tampa, Florida reported 4.70 percent growth in home prices.

West coast cities led home price growth in recent years when home prices were rapidly increasing, but growth has slowed and Seattle, Washington reported negative year-over-year growth of home prices in June.Potential obstacles to home price growth include rising materials costs due to tariffs on imported building materials and concerns over slowing economic growth.

Pending Home Sales Lower in July

The National Association of Realtors® reported fewer pending home sales in July as compared to June. Pending sales, which are defined as sales for which purchase contracts have been signed, but sales not closed, fell by -2.50 percent in July as compared to 2,80 percent growth in June. Real estate pros said that the peak home-buying season slows as summer progresses.

All four regions reported fewer contract signings for previously-owned homes in July; the Northeast reported -1.60 percent fewer pending sales, the Midwest had -2.50 percent fewer pending sales and the South reported -2.40 percent fewer sales contracts signed. The biggest dip in contracts signed was in the West with sales contracts -3.40 percent lower than for June.

Analysts and real estate pros expected falling mortgage rates to boost home sales, but current homeowners took advantage of low mortgage rates to refinance their mortgages as would-be home buyers were unaffected by low mortgage rates.

Mortgage Rates Mixed, New Jobless Claims Rise

Freddie Mac reported higher mortgage rates for fixed rate loans; rates rose three basis points on average for 30 and 15-year fixed rate mortgages. Rates for a 30-year fixed rate mortgage averaged 3.58 percent; the average rate for a 15-year fixed rate mortgage was 3.06 percent and 5/1 adjustable rate mortgage rates averaged 3.31 percent. Discount points averaged 0.50 percent for fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages

Initial jobless claims rose from the prior week’s reading of 211,000 to 215,000 new jobless claims filed last week. Analysts expected 214,000 new claims to be filed. The University of Michigan’s consumer sentiment index dropped to an index reading of 89.8 as compared to the expected reading of 92.3 and July’s reading of 92.1. August’s reading was the lowest measurement of consumer sentiment since 2012.

What’s Ahead

This week’s scheduled economic news includes readings on construction spending and data on public and private-sector jobs growth and the national unemployment rate. Weekly reports on mortgage rates and first-time jobless claims will also be released.

Filed Under: Financial Reports Tagged With: Financial Reports, Interest Rates, Mortgage Rates

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