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Schmidt Mortgage Company Blog

6 Home Appliances That Help You Live Green

If you’re among the growing population of homeowners who are hoping to reduce their environmental footprint and conserve natural resources, it’s only fitting that you would want to explore green living options for your home. In today’s post, we’ll talk about six home appliances that can help you live a more environmentally-friendly life every day, from the comfort of your own home. 1.) Tankless Water Heater Tankless water heaters typically use natural gas or electricity to quickly heat water on demand, rather than storing it in a large tank and using energy to heat the stored water to use later.

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Starter homes are gaining equity faster, new study reveals

woman holding money in house-shaped box

Owners of starter homes across the country are gaining equity faster, as demand for entry-level homes continues to grow. According to a recent analysis from Zillow, U.S. homes in the most affordable segment gained 8.5% in value over the past year, compared to a 3.6% gain in the most expensive housing segment. When stretched across the last five years, the trend is even more pronounced. People who bought started homes in 2013 have seen their equity grow by 44.4%, while owners of luxury homes in the highest price range have seen their equity grow by just 26.6%. As starter homes grow

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Housing Starts Up Nearly 10% in January

Construction on new homes in the U.S. soared in January, as housing starts jumped nearly 10% to an annual rate of 1.33 million. That marks the second highest level since the Great Recession. According to the latest housing starts report from the U.S. Census Bureau, privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,326,000 — 9.7% above the revised December estimate of 1,209,000 and 7.3% above the January 2017 rate of 1,236,000. Building permits, which are an indicator of future housing starts, increased 7.4% in January. This was higher than the revised December rate of 1,300,000

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1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
Branch Information

Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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