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Last week’s economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points.

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The terminology involved in the real estate market can be vexing for the newcomer, but if you’re getting prepared to buy a home, there are a few choice words you should take some time to learn. While it’s hard to learn the ins and outs in one article, here’s a place to begin with five terms you may be hearing a lot of in the future.

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Open houses are a good opportunity to get out and about to see what kind of home you’re looking for, and if it will work for you. Fortunately, they can also be a good opportunity to find out some things about the house you’re looking at that might not be listed on the website and may be less than flattering. If you’re wondering what red flags to watch out for, pay attention to the following things the next time you’re at a showing.

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From a sophisticated couch to a stunning art print, there are plenty of ways that you can dress up your living room and instantly change its vibe. You may not realize it, but wallpaper is back in fashion and becoming another popular way to instantly re-vamp a room. If you’re contemplating ways that wallpaper can benefit your space, here are some options you may want to try out.

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Last week’s economic news included Case-Shiller Home Price Indices, pending home sales and inflation. Weekly readings on mortgage rates and new jobless claims were released along with a reading on consumer sentiment. Case-Shiller and pending home sales readings suggested that recent rapid growth in home prices and home sales may be easing. High demand for homes coupled with low inventories of homes for sale has created an artificially high rate of home price growth and competition among buyers for a limited number of homes.

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When it comes to the real estate market, nothing is better than putting your home up for sale and finding a potential homebuyer who offers you the price you’re looking for. However, while the right offer is ideal, there are a lot of things that may come along with a high offer that may be less than perfect. If you’re wondering what kinds of things can hamper a good offer, you may want to watch out for the following.

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Recently, Tesla has moved into the business of solar roof panels, which have become a hot commodity on the market with their green ethos and energy savings. If you’re curious about solar power and want to know the details on this product, here are some things to consider before buying in.

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Case-Shiller’s National Home Price Index indicated slower home price growth in April. Year-over-year, home prices rose 5.50 percent in April as compared to 5.60 percent in March. Year-over-year readings are calculated on a seasonally-adjusted annual basis.

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For many homeowners who are selling in today’s real estate market, pinching every penny can be important. They may be considering opting out of using a real estate agent and going with the DIY approach. However, there are many things an agent can do for you in a hot market that is worth the money. If you’re wondering how a real estate agent can help you, here are some things to consider.

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Last week’s economic news included readings on sales of new and previously owned homes. Despite expectations of lower sales in both categories, sales surpassed expectations and April sales. Analysts were concerned about extremely tight inventories of available homes limiting home sales and did not expect May home sales to increase.

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