Spring Home Building Begins

If you are in the market to build a new home, Spring is typically the time you want to get started.  Home building continues to improve across the country as the economy continues to stabilize for most Americans.  Obviously, some areas of the country are seeing more home building starts than others, but overall, home construction is off to a pretty good start this spring. With home values going up over the last couple of years, some people are selling their existing homes and looking to build new.  Home construction loans and other home mortgages are seeing more flexible guidelines, which is making it more attractive to individuals to purchase land and build their new dream home. When building a new home there are typically several steps when financing the complete project.  In some cases, the home builder will finance the entire project through one of their preferred lenders.  In other cases, you may want to get a home construction loan package that typically pays off the land cost and then has an improvement and construction allowance that will pay for services as they are completed by contractors.  Once the home is finished, then the loan is rolled into a standard home mortgage. Of course, one of the most important considerations is selecting a qualified home builder.  Stone Creek Building is a custom home builder in Portland, Oregon that specializes in building custom homes on the clients land.  They are a certified green home builder meaning they incorporate design elements, system and materials that create superior indoor air quality, use natural resources responsibly, protect land and lower water...

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Set Up Your Estate Plan Today!

Many people have the misconception that only “wealthy” individuals need estate planning.  Estate planning is beneficial to almost everyone.  If you are married, have children, own a home or other assets, you should have an estate plan in place. Another misconception is that estate planning only handles matters at your death.  Living trusts allow you to designate how certain assets are held and managed, which can provide significant benefits to you and your heirs. The most common aspects of estate planning include the following: Living Trust Irrevocable Trust Land Trust Pour-Over Wills Certification of Trust Last Will and Testament (Individual wills and wills for couples) Durable Power of Attorney Limited Power of Attorney Advance Directive to Physicians (Living Will) Common estate planning questions include: What is a Trustee? What Is Estate Planning? Do I Need a Will or a Trust? What is Probate? What is a Living Trust? The Differences Between Wills and Trusts California Community Property  Transferring Encumbered Property to a Land Trust If you are located in California, contact the estate planning attorneys at Gehres Law, located in San Diego.  They serve clients throughout the San Deigo area including Chula Vista, Coronado, El Cajon and La Mesa.  They also serve the Orange County, CA area from their business law office in...

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Early Morning Car Accident Leaves 1 Dead Another Injured

A deadly crash occurred in Orange County during the early morning hours.  Two vehicles were merging off of the 57 freeway to the 22 freeway when they collided causing one of the vehicles to run off of the overpass and crash upside down on the roadway below. Two men were trapped in the upside down vehicle until officers responding to the scene were able to free them.  One of the males died at the scene while the other was rushed to a nearby hospital and was in critical condition according to reports. Police officers arrested a woman at the scene, but reports are unclear as to what she was charged with.  Police reported that speed and driving under the influence may have contributed to the accident and are investigating the cause of the accident. Tragic accidents like this one occur much too often in the Orange County area.  California does have personal injury laws that protect individuals that have been harmed by another parties negligence.  It is important to talk with a top Orange County personal injury lawyer as soon as possible after an accident to ensure your legal rights are...

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Building Permits and Housing Starts 2015

According to the latest U.S. Housing and Urban Development privately owned housing building permits were up 7.7 percent in February 2015, compared to the same period in 2014. Although the same report mentions housing starts were down 12.5 percent in February 2015 compared to the same period in 2014. BUILDING PERMITS Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,092,000. This is 3.0 percent (±1.7%) above the revised January rate of 1,060,000 and is 7.7 percent (±2.0%) above the February 2014 estimate of 1,014,000. Single-family authorizations in February were at a rate of 620,000; this is 6.2 percent (±0.9%) below the revised January figure of 661,000. Authorizations of units in buildings with five units or more were at a rate of 445,000 in February. HOUSING STARTS Privately-owned housing starts in February were at a seasonally adjusted annual rate of 897,000. This is 17.0 percent (±9.5%) below the revised January estimate of 1,081,000 and is 3.3 percent (±12.5%)* below the February 2014 rate of 928,000. Single-family housing starts in February were at a rate of 593,000; this is 14.9 percent (±10.0%) below the revised January figure of 697,000. The February rate for units in buildings with five units or more was 297,000  Full News Report Although, Kiplinger forecasts that home construction will continue to rise throughout 2015 to easily surpass 2014 levels. We expect single-family housing starts to expand at a double-digit rate in 2015, on a pace to hit 770,000, up from 646,000 last year. Read more Most housing experts continue to believe that housing will continue to perform well over the next few years barring any unforeseen circumstances that may impact employment and financing options.  Many individuals have been saving for the stricter down payment requirements that most home lenders are now requiring, which will allow more individuals to qualify for home loans.  Lending institutions are also loosening some requirements for home loan approvals, which should also contribute to increased numbers of individuals being able to purchase a new home. Many housing markets across the country continue to see increased sales and home valuations.  Portland, Oregon is one housing market that continues to see robust sales and price appreciation.  With a strong business base, unlimited outdoor recreational activities and a great quality of life, people continue to move to the area.  Oregon does have strict land use laws which limits the area...

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Car Accident Lawsuits Help Compensate For Injuries

Some people have given personal injury attorneys the nickname “ambulance chasers” because of their aggressive lawsuits after someone has been injured in an accident.  This nickname has been used with negative connotation, but if you or someone you love has been injured because of someone else’s negligence, you would want the best and most aggressive accident lawyer you could find. Personal injury law covers a broad range of legal matters including car accidents, slip and fall injuries, wrongful deaths, workplace injuries, product liability or defective products and a variety of other “accident” or “injury” related matters.  The purpose of personal injury law is to ensure that the injured party is completely compensated for issues arising because of the accident.  For example, if someone looses the use of their arm, then they should be compensated for the loss of that arm because they may no longer be able to work to support themselves and their family. Probably the most common type of personal injury lawsuits are those involving vehicle collisions.  The vast number of cars driven every day leads to the high number of car accidents across the country everyday.  If you or someone you know has been involved in a car accident, you should contact a local personal injury attorney to help you with your case.  Below are some links to local attorneys across the country: Personal Injury Attorney Directory Sacramento Personal Injury Attorneys Personal Injury Attorney in Portland, OR Personal Injury Attorneys in San Diego Orange County Personal Injury Attorney Los Angeles Personal Injury Attorneys Personal Injury Attorney in Dallas, TX Houston Personal Injury Attorney Tampa Personal Injury Attorney Philadelphia Personal Injury...

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