With the arrival of summer heat comes the need for increased air conditioner usage; however this does not necessarily mean an increased energy bill. According to the Consumer Guide to Home Energy Savings published by members of the American Council for an Energy-Efficient Economy, there are countless ways not only to stay cool during the summer months, but also to increase the efficiency of both cost and energy.

Several tips include:
-“….employing cost-effective conservation measures. Provide effective shade for east and west windows. When possible, delay heat-generating activities such as dish-washing until evening on hot days”
-Utilize ceiling fans to keep rooms comfortable even at a higher thermostat setting.
-Have your AC unit checked for proper sizing as well as current energy efficient technology. More here

According to the latest home price index from CoreLogic, the U.S. is approaching 3 years of consistent year-over-year increases. While home price has continued to rise, the pace of appreciation has begun to yield. Data shows that the gains may likely be attributed to the sale of distressed homes, however without these figures the average price did not reflect as significant an increase. “..the data adds to the evidence that looser supply conditions are starting to deliver the slowdown in house price growth we have been anticipating,” said Ed Stansfield, chief property economist with Capital Economics. More here

Buying a home can be a daunting process, especially for first-time buyers. Independent Community Bankers of America offers several tips for simplifying the process. ICBA recommends that potential buyers first closely analyze their earning and spending habits, and then meet with a banker to discuss financial options before beginning to look at homes on the market. Buyers should prepare two years worth of paycheck stubs, W2 forms, tax returns and investment statements in order to expedite any loan or mortgage applications. ICBA also advises future homeowners to be aware of their FICO score and if necessary, take action to improve it before applying for any loans. More here

Moving into a smaller rental property has become a popular trend among retired seniors as it can help cut monthly finances, and also save money on expensive repairs and maintenance. According to 2012’s Census Bureau data, the median gross rent for seniors is approximately $750/month in numerous metropolitan areas making locations like Portland Maine, Providence Rhode Island, St. Louis Missouri and a host of other cities, fairly affordable for retirement living. There are a number of financial options available to help seniors afford to remain in their homes. More here

In an attempt to save money, many people are taking on home improvement projects themselves. While the thought of doing it yourself and saving hundreds, if not thousands of dollars may be an exciting idea, not all projects should be undertaken without consulting a professional. Experts warn that most DIY projects end up taking up more time, and in the long run can cost more than if you hired a professional. There are a few things to avoid when insisting on doing a home project yourself: Be sure to measure correctly when cutting anything, turn off the water when beginning a plumbing project, let the professionals handle all electrical problems as they can be very dangerous, watch an instructional video or take a class, use correct tools, and ask plenty of questions. More here

Fixed rate mortgages have fallen once again, making this the fourth consecutive week rates have dropped. According to Freddie Mac, the average national 30-year fixed-rate mortgage fell from 4.14% last week to 4.12% this week, while the average national 15-year fixed-rate mortgage decreased from 3.25% last week to 3.21% this week. Additionally, the number of Americans signing contracts to buy new homes has increased. More here

According to Remodeling magazine’s 2014 Cost vs. Value study, curb appeal adds significant value to a house. Simple things that make your house more pleasing to the eye can increase the return on investment greatly, and make a positive impression on visitors and potential home buyers. Experts say checking the roof for leaks, damage or missing shingles is a great starting point. Clean your homes siding. Pressure washing is an excellent way to make your house look ten years younger. Popular advice warns against pressure washing windows, trim, doors or screens as it may cause damage. Make sure your gutters are cleaned out and working efficiently. Also, spend time fixing your home’s accessory features such as shutters and trim. More here

The housing market has made positive strides toward recovery over the last few months. Home resales jumped in April, and the supply of homes for sale on the market increased to the highest level since August of 2012. According to the National Association of Realtors, existing home sales jumped 1.3% to an annual rate of 4.65 million units. Although the housing market continues to grow, first time applications for unemployment benefits increased. More here

Making small upgrades to your home can help increase the value of your house substantially. Even if you have no plans to sell in the near future, remodeling can increase the value for a possible sale later. Experts have put together a list of home improvements that may be worth the cost in order to increase the value of your home, such as adding a new front door or a wooden deck, doing a minor kitchen remodel, and finishing or upgrading a basement. The report also suggests upgrading your garage door, and replacing old windows to increase curb appeal and efficiency. More here

Housing starts jumped last month as more construction workers began their peak working season. Housing starts increased 13.2% to a seasonally adjusted annual rate of 1.07 million, according to the Census Bureau. Multi-family housing construction contributed the most gains and increased 40% from the previous month while single-family starts rose 0.8% from March to April. Additionally home permits have also increased 8% to a seasonally adjusted annual rate of 1.08 million. More here