Things you should check before buying property

Given the population in our country and the land available, every piece of property seems precious. Even if that wasn’t the case, property is important, even if you buy it just as an investment or to move into it immediately. There are a couple of things that you must absolutely consider before signing the papers or the agreement. You wouldn’t want to buy a place and then wonder if you made the correct decision. You can refer to this checklist before you buy any property, and it could be a villa or a simple 2 bhk flat in Bangalore.

Things you should check before buying property

  • Loan

Although that’s not the first thought that you come across when you are hunting for houses, it is something you should begin considering. Banks these days offer quick loans, but you may have to find out what part of the total cost can be loaned from the bank and then make arrangements for the remaining. It is important to first think about this in order to arrive at a budget and then accordingly look for houses. Make sure you keep in mind the expenses that will follow for renovating or installing furniture in the house.

  • Need and Want

Make a checklist of all the things you are looking for. If you have older parent, you might want a place on the ground floor or a building with a garden and a walking track. For kids you’ll need to have a school close by. Make a list of all these things and you could categorize them as things you need and things you would want. You could also arrange them in order of priority so that you know what you can compromise on and what is utterly non-negotiable.

  • Area

When you are buying a flat, it can often get confusing between the carpet area, the built-up and the super built-up. You need to understand all these are concepts and then pick a flat accordingly. The builders usually quote a super-built up which also includes a proportionate area of the lobby, lift and other common areas. However, the area that is actually available for your use is much lesser. Make sure you do the math before buying it.

  • Future

Most cities are developing and expanding at a fast rate. Consider the future prospects of the location that you are planning to buy a house in. This could also mean that you can buy a place in an area that is still developing and keep it as an investment that could pay off in a couple of years. Buying property in a prime location will always cost more.

  • Legal aspects

Although a little lower on the list, this is one of the most important factors, especially when you are buying property in a new construction. Make sure you check the builder’s records and ask for the approval papers, or check with the local government regarding the approved building plan.

Actor Jonathan Rhys Meyers Is Selling Modest but Dreamy Laurel Canyon Home

Jonathan Rhys Meyers

You might recognize Jonathan Rhys Meyers as Elvis, King Henry VIII, orDracula. Now, the hunky Irish-born actor is taking on another role: home seller. Meyers is selling his surprisingly modest and absolutely dreamy modern home in the Laurel Canyon area of Los Angeles.

Listed for just shy of $1.55 million, the two-bedroom home isn’t huge by Hollywood standards, but the open concept design makes the 1,656-square-foot space seem much larger.

The kitchen is sleek and modern with gray countertops, stainless-steel appliances, and elegant pendant lighting.

Open concept

The master suite features a uniquely angled ceiling, and the master bath has gorgeous teal-blue tiles which make the spa tub pop.

Bath with a view

Mature landscaping with privacy-providing bamboo surround the home and in-ground pool.

Privacy appeal

While Meyers may be moving on from this home, he doesn’t appear to be moving on from the business of Hollywood. The actor recently starred in “London Town” and will appear in a few episodes of the remake of “Roots.” He’s also set to star in the upcoming series “Shambhala.”


Homes in the U.S. Towns With the Fastest-Growing Economies

Victorian homes in Wheeling, West Virginia

Victorian homes in Wheeling, West Virginia: Ryan Stanton/Flickr/Creative Commons

When the Commerce Department reported Wednesday on the economic growth of certain metropolitan areas across the U.S. in 2014, The Wall Street Journal was quick to note a common theme among these boomtowns: the energy sector! All of them are major centers for mining and other energy-related natural resources.

So it’s not surprising that half of the top 16 cities on the list are in Texas.

Holding the top slot is Midland, which saw its economy grow 24.1% from 2013 to 2014, sunstantially driven by mining. It’s the same story in nearby San Angelo, which is next on the list with 11.4% growth.

Of course, one of the main reasons that people relocate is for work, so you might want to check out our list of median-price homes in the top 10 cities with the fastest-growing economies.

Midland, TX

Economic growth 2013–2014: 21.4%

Median salary (in 2014, from the U.S. Census): $55,814

Median list price (from August 2015 data): $250,000

Midland, TX

This four-bedroom, two-bathroom home boasts an open floor plan, a patio for entertaining, and even a workshop/storage shed out back. And it’s listed exactly at the median price for the area, $250,000.

Economic growth: 11.4%

Median salary: $43,143

Median list price: $194,000

San Angelo, TX

You’re definitely getting a whole lot for your money ($195,000) with this four-bedroom, 2.5-bathroom home that sprawls over 2,244 square feet. There’s a nice flagstone patio for your barbecue parties, and an enclosed patio when the weather isn’t so nice.

Economic growth: 10.3%

Median salary: $76,395

Median list price: $192,000

Lake Charles, LA

This adorable three-bedroom, two-bathroom cottage has style to spare. It’s recently been updated, while preserving the original red oak wood floors. Like the furniture? Hey, it’s yours! List price: $195,000.

Economic growth: 9.9%

Median salary: $96,803

Median list price: $298,000

Greeley, CO

Here’s a grandiose four-bedroom, three-bathroom home that features an open floor plan and 16-foot ceilings downstairs. There’s a granite kitchen island and wood floors, plus it’s all energy-efficient with green-certified construction. List price: $290,000.

Economic growth: 9.5%

Median salary: $58,775

Median list price: $112,000

Wheeling, WV

You get three bedrooms, one bathroom and a grassy yard for kids, dogs, and guests to enjoy. What more could you want for $112,000?

Economic growth: 8.5%

Median salary: $59,530

Median list price: $272,000

Dallas, TX

This four-bedroom (or five, if a study counts), 2.5-bathroom home listed at $272,000 features “updates galore,” according to the listing. They include crown molding, wood floors, granite counters, and—in true Dallas style—much more.

Economic growth: 7.6%

Median salary: $63,356

Median list price: $294,000

Bismarck, ND

Four bedrooms, three bathrooms, and four levels?! There’s a charming porch, a brick fireplace, and plenty of space (2,309 square feet) for $294,000.

Economic growth: 6.7%

Median salary: $50,107

Median list price: $236,000

Victoria, TX

Its location on a corner lot means this four-bedroom, two-bathroom home sits on 9,148 square feet of land that could be yours for $234,000 (less than median list price!). A vaulted ceiling gives the main level a spacious feel, and there’s even an upstairs loft that would work as an office.

Economic growth: 6.7%

Median salary: $96,481

Median list price: $878,000

San Jose, CA

In the “capital of Silicon Valley,” this three-bedroom, two-bathroom home features Brazilian walnut floors, a remodeled kitchen with granite counters, and high-end appliances. Total square footage is 1,320, and the price tag is  $878,000. Too pricey? Go back to Texas! We won’t hold it against you.


Corpus Christi, TX

Economic growth: 6.5%

Median salary: $52,050

Median list price: $238,000

Corpus Christi, TX

Corpus Christi, TX

4617 patriot st corpus christi tx

Ah, four bedrooms, 2.5 bathrooms, and 2,153 square feet of living space for $238,000. Maple cabinets and granite counters in the kitchen, dual showerheads in the master bathroom, and a walk-in master closet with built-in drawers is livin’ large, indeed.

New-Home Sales Are Up! How About Prices?

new home sales september 2015

The housing market ended summer on a positive note, with sales of newly built homes increasing 6% in August.

According to estimates released jointly on Thursday by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new homes in August were at a seasonally adjusted annualized rate of 552,000—a 6% increase over July’s 522,000. This was well above the consensus forecast of 515,000; plus, new-home sales are currently up about 22% over last year.

“The new-home sales report covering August released today was the most positive report so far in the housing recovery, but we should be careful to put too much credence to the monthly change, which once again failed to be statistically significant,” said Jonathan Smoke, chief economist of®. “It’s hard to discern a monthly trend in August.”

That’s because the Census Bureau–HUD report is based on a small sample of builders, so the margin of error for the sample is large. For annual trends, though, there’s enough data to put the findings outside the margin of error.

Still, it’s worth noting that the median new-home price, $292,700 in August, increased for the second time this year.

There’s only 4.7 months of new-home supply on the market; that’s extremely tight. Remember, we learned last week that single-family starts were up only 15% in August over last year, but this increase is not outpacing demand. That’s why supply remains tight.

But overall, the forecast looks good.

“The new-home market should continue to grow in the months and years ahead,” Smoke said. Why? Because, he said, new home construction will rise again to the normal share of 15% from the current 9% share. In addition, Smoke expects new-home prices to come down a bit as builders shift more toward younger and first-time buyers.

Superman Foe Says New York City Real Estate Is ‘Idiotic’


Michael Shannon as General Zod, courtesy

We’ve heard a lot of words used to describe the price of New York City real estate, from “expensive” to “astronomical.” Here’s one we haven’t heard: “Idiotic.”

That’s what the actor Michael Shannon, who played villain General Zod in the 2013 movie “Man of Steel,” told the New York Post.

“How much it costs to buy places in New York is really stupid,” Shannon said at the premiere of “99 Homes,” a film about a father going to great lengths to get his home back after foreclosure. “I think it’s idiotic.”

We wouldn’t go so far as to say it’s stupid to buy a home in Manhattan, but it’s definitely not easy for the little, or even medium, guy. The average rent is $5,129, and if you want a two-bedroom, try an average of $6,953. Also, 3,301 out of 4,931 homes for sale are over $1 million.

“My sister just bought a place in New Orleans for $245,000. A three-bedroom house,” Shannon told the Post. Indeed, that is a better bet. The average listing price there is $184,500, and the average sold price is $187,750. There, a two-bedroom will cost you on average $1,986.

For $245,000 in New York City, Shannon said, “That would probably get you a 5-gallon drum, if you’re lucky.’”

Renters Will Continue to Struggle for the Next Decade, Harvard Study Says

"now leasing" sign outside an apartment complex near Millville, N.J.

Renting is unlikely to get easier anytime soon.

An estimated 11% more households will pay more than half of their incomes in rent in 2025, according to a new report from Harvard University’s Joint Center for Housing Studies and Enterprise Community Partners, an affordable-housing organization.

The situation could have significant policy implications. Renters who are severely cost-burdened—meaning they pay more than 50% of their incomes in rent—often require federal subsidies to find an affordable place to live. The private sector is struggling to produce profitable housing that is affordable to lower- and moderate-income families, while many federal housing subsidies have been cut in recent years.

In 2013, one in four renters, or 11.2 million households, paid more than half of their incomes in rent. That is three million more households than in 2000.

Many of the factors contributing to that rise were considered temporary. Millions lost their homes due to foreclosure and saw their incomes stagnate during a sputtering economic recovery. But the report finds other factors that have put a strain on renters are likely to persist and contribute to longer-term challenges.

Rapid growth in the Hispanic population is one such pressure, because Hispanics tend to be disproportionately renters and are more likely to pay a large share of their incomes in rent, thus putting more pressure on the existing supply of affordable rental housing.

Millennials—the population currently in their mid-20s and early 30s—are also expected to grow and continue to rent in larger numbers than prior generations. Many of those young adults entered the job market during and after the recession, meaning many were unemployed or underemployed for crucial early years of their careers, and are more likely to struggle to afford housing, the report says.

“The bottom line is that we are not likely to see demographic forces help, but more likely hinder the issue of affordability,” said Chris Herbert, managing director of the Joint Center for Housing Studies.

The report looks at a range of three predictions. The middle-of-the-road scenario assumes that incomes and rents rise with inflation and looks primarily at growth in populations that tend to be rent-burdened, such as older adults and Hispanics. In that scenario, the report’s authors expect the number of burdened households to grow to just over 13 million in 2025 from an estimated 11.8 million in 2015.

If rents continue to grow faster than incomes—as they have over the last 15 years—the number of severely burdened households could rise by as much as 25%.

If instead incomes outpace rents, there could be modest improvement, with the number of severely burdened households dropping by just over 1%. “Even after a decade of solid income growth, we would be no better off than we are today,” Mr. Herbert said.

To be sure, other groups are more optimistic about how demographic shifts will affect housing. The Mortgage Bankers Association, for example, expects homeownership rates to rise, easing pressure on the rental housing stock.

What you need to know about the Volkswagen scandal

CEO of German carmaker Volkswagen, Martin Winterkorn.

What did Volkswagen do?

The company is said to have been caught cheating on American air pollution tests. Volkswagen installed sophisticated software known as “defeat devices” in the electronic control module of diesel vehicles issued between 2008 and 2015. This software was able to sense when emissions testing was in progress based on the position of the steering wheel, vehicle speed, the duration of the engine’s operation and barometric pressure. Once the software picked up on these inputs, it went into a type of “test mode” when the front wheels of the car were on a dynamometer. This allowed emissions controls to run full-tilt during official testing, but emitted 10 to 40 times the legal amount while on the road.

The allegations were made by the U.S. Environmental Protection Agency on Sept. 18, after independent researchers raised questions about emissions levels, prompting government agencies to investigate further.

Once regulators demanded an explanation, the EPA said Volkswagen “admitted” their cars contained those defeat devices.

How did VW react?

High-ranking executives have spoken out in recent days, with CEO Martin Winterkorn saying he was “deeply sorry” to have broken public trust and promised VW would fully cooperate with regulators.

VW called for an external investigation and is now conducting an internal probe.

During a launch event in Brooklyn this week, VW’s North America CEO, Michael Horn, made a starker concession, saying “our company was dishonest” and that Volkswagen “totally screwed up.” Still, a press release on Sept. 21 still referred the defeat devices as software “irregularities.”

“We do not and will not tolerate violations of any kind of our internal rules or of the law,” Winterkorn’s statement said.

Will Volkswagen be punished?

The automaker could face U.S. fines of $37,500 per vehicle, the EPA told reporters last week. With around 482,000 of its diesel vehicles sold in the U.S. since 2008, this could mean a penalty of up to $18 billion.

Class-action lawsuits from customers are still on the table, too, but VW could face more than civil penalties. Reports suggest the U.S. Department of Justice has launched a criminal probe into whether the company deliberately cheated emissions tests.

The EPA has not yet forced Volkswagen to issue a total recall but expects to do so in the near future. Volkswagen would foot the bill for any repairs, although the EPA claims affected diesel cars are still safe to drive.

Will VW face fire outside the US?

The scandal has spread across the globe and Volkswagen now estimates 11 million vehicles worldwide are equipped with the defeat device software.

European authorities are reportedly planning to call a meeting of national representatives to discuss the case, though Italy and Switzerland are among the few that have launched their own investigations. Germany, Volkswagen’s home country, is also planning to implement additional testing.

South Korea will conduct its own probe and has summoned Volkswagen reps to discuss the scandal.

Is this the end of Volkswagen as we know it?

A research note from ratings agency Fitch says Volkswagen should be able to absorb potential penalties from a U.S. investigation, adding that it’s unlikely the company will face the maximum $18 billion fine. Fitch went on to praise the group’s financial structure and “robust” free cash flow generation, which it predicted will reach 3.5 billion euros in 2015.

However, Volkswagen issued a statement Tuesday outlining a 6.5-billion euro provision to cover any service costs and “other efforts” meant to restore public trust, but that amount could be amended as investigations continue. Group earnings targets will also be adjusted.

Still, a number of analysts don’t seem worried, and banks such as UBS say they’re still positive on Volkswagen shares, despite showing major losses.

Will heads roll?

“I am sure that there will be personnel consequences in the end, there is no question about it,” Olaf Lies, economy minister of the VW share-holding state of Lower Saxony, told German radio Tuesday morning.

It’s unclear who will take the brunt of the blame as details emerge from a growing number of investigations, but there is some speculation over the job security of Volkswagen’s chief exec, Winterkorn, who only months ago faced a leadership battle with the carmaker’s chairman.

Speaking to Squawk Box Europe on Tuesday, Ferdinand Dudenhoffer, professor at the Center for Automotive Research at Universitat Duisburg-Essen, said there’s no chance for Winterkorn to keep his position.

“They need a new start, and the new start can only be made with … new personnel and new management,” Dudenhoffer said.

The company has not made any formal indications of leadership changes since the scandal erupted.

Cramer Remix: My prediction for Volkswagen

Jim Cramer had a hunch that there must be other reasons why the market keeps going down, besides the recent drama of the Fed.

“I see three real worries that have people buzzing, and I want to point them out, not to scare you, but to help explain how foreign markets are connected with ours,” the “Mad Money” host said.

The first worry concerns Volkswagen, one of the largest makers of automobiles in the world. The campaign of fraud that this gigantic company has committed is far worse than anything Cramer can recall from any global company. The U.S. Justice Department could regard the rigging of emissions tests as criminal conspiracy, and it’s now bent on going after the individuals involved.

“A gigantic company that is going to be slaughtered worldwide certainly pops as a sticking point in your stock craw,” Cramer said.(Tweet this)

The second worry pertains to Glencore, a natural resource company based in Switzerland that has immense commodity exposure. The company raised money in the equity markets recently, but its stock has fallen to an all-time low as investors worry about its exposure to declining commodity prices.

Cramer doesn’t know if investors are right to be concerned, but he certainly can’t rule it out.

The third worry out there involves Petrobras, the huge Brazilian oil company that has issued an immense amount of bonds, most of which are in a pullback. It was once among the largest companies in the world, and now has fallen 44 percent this year, down to $4.

What really worries Cramer the most is Petrobras’ $170 billion in debt. Given the steep decline in oil, how the heck will it make interest payments, given the way its debt is configured?

“This company has some amazing properties, but its balance sheet is way overlevered,” Cramer said.

Read MoreCramer: 3 big stock worries of money managers now

A sign marks the location of a Volkswagen dealership in Evanston, Illinois.

Getty Images
A sign marks the location of a Volkswagen dealership in Evanston, Illinois.

Cramer certainly does not like the setup of the market right now, and he’s fixated on the fact that this week is historically one of the weakest of the year. But just because Cramer is negative about the market environment doesn’t mean there aren’t money-making opportunities available for investors.

“You think I don’t want to be more bullish? But many sectors, like commodities, like industrials, like financials, like drugs, just trade horribly. I will not choose to be oblivious. My first goal is to do no harm, and I see many stocks in harm’s way,” the “Mad Money” host said.

Nevertheless, Cramer will not let the entire market get him down. There are some stocks that are going down and shouldn’t be, and they could pose a major opportunity.

Sometimes Cramer has to go to great lengths to keep investors interested in the stock market, even in a brutal market like it was on Monday. So now that football season is in full swing, Cramer is drafting his fantasy stock portfolio.

Defense stocks may be one opportunity because of the sheer amount of conflict around the globe right now. Cramer sees that the U.S. has finally decided to stop acting like the globe’s policeman, forcing other countries to arm and defend themselves.

Companies like Raytheon, Northrop Grumman and Lockheed Martin are reaping the rewards from huge international sales as a result.

Read MoreCramer: Snatch up these money-making opportunities

After all, Cramer says that building a good fantasy football team is just like building a good stock portfolio, except the NFL is more mesmerizing than the S&P 500.

That is why this week Cramer drafted players for what may be the most important position in football, the running back. This position is one of the core producers for a fantasy football team, as owners depend on them to get a large portion of their team’s points each week.

“In fantasy football a lot of people like to have a tandem of multiple styles of running backs for their team. Ideally, you want both a downhill running who is a real bruiser, along with a shiftier player who uses finesse to get results,” Cramer said.

With this in mind, Cramer selected a downhill runner like Matt Forte of the Chicago Bears for knowing his core competencies and executing time and time again. Likewise, that is Honeywell for Cramer, because it is all about inventing new technologies and has a high level of consistency.

The “Mad Money” host also decided to go off the charts to speak with Bruce Kamich, a market technician who is a professor at Baruch College and colleague of Cramer’s at

Kamich has found a stock that has been on fire and could keep skyrocketing. Chances are, investors may have not heard of this stock before.

Tyler Technologies is the country’s largest provider of integrated software and information technology systems used exclusively by the public sector. It helps cities, states, counties, school districts and other local government entities run more efficiently.

Last week, Kamich took a look at the weekly chart of Tyler and was stunned at what he saw.

“It’s the kind of chart that jumps out at you and screams ‘buy me,'” Cramer said.

Read MoreCramer: An unknown stock screaming to be bought

In an ugly market like this one, Cramer wants to make sure that investors have their shopping list handy of stocks to buy into weakness. And while the banks are out of favor right now, Cramer thinks there is one bank that is absolutely worth buying into weakness.

Cramer considers Wells Fargo to be the best-run bank in the U.S. and owns it in his charitable trust. Last week, he had the chance to speak with the chairman and CEO, John Stumpf, who discussed the personal perspective and values that have brought him success.

“We grew up, as you suggested, very poor—a lot of children, small farm. We didn’t have things, but we had values. At the time, I’ll be honest; I wish I had more things. Now, when I look back the value of working together, telling the truth, personal responsibility, pulling your load and we were never allowed to whine. If things didn’t work, you get up the next morning and work even harder,” Stumpf said.

In the Lightning Round, Cramer gave his take on a few caller favorite stocks:

Corning: “I’m not really a fan. I think that it has just been a stock that has just doesn’t have the kind of growth technology that I like. It’s not expensive, but I see no catalyst, is the problem.”

Statoil ASA: “5.9 percent yield but not a lot of growth, I prefer Occidental. My charitable trust owns it. OXY has a little bit lower yield and a little more growth.”

Turing to roll back pricing for Daraprim amid controversy

Martin Shkreli

The pharmaceutical company boss under fire from Hillary Clinton and many others for jacking up the price of the drug Daraprim 5,000 percent overnight said Tuesday he will lower the cost of the life-saving drug.

Martin Shkreli did not say what the new price would be but expected a determination to be made over the next few weeks.

He told NBC News that the decision to lower the price was a reaction to outrage over the increase in the price of the drug from $13.50 to $750 per pill.

“Yes it is absolutely a reaction — there were mistakes made with respect to helping people understand why we took this action, I think that it makes sense to lower the price in response to the anger that was felt by people,” Shkreli said, 32.

Turing Pharmaceuticals of New York bought the drug from Impax Laboratories in August for $55 million and raised the price. Shkreli said the price would return to $13.50 in a few weeks.

More from NBC News:
Most Americans will be victim of wrong or late diagnosis
New virus found in blood supply—but don’t freak out just yet
Price hike for tuberculosis drug rolled back

Daraprim fights toxoplasmosis, which infects people whose immune systems have been weakened by AIDS, chemotherapy and pregnancy, according to the Center of Disease Control.

Shkreli, the founder and CEO of Turing, has said the money from the increase would be used to develop better treatment for toxoplasmosis that have fewer side effects.

“It’s very easy to see a large drug price increase and say ‘Gosh those people must be gouging,’ but when you find out the company is not making any money, what does that mean?” Shkreli said in a phone interview with NBC News Tuesday. “It’s very hard stuff to understand.”

Read MoreControversial drug CEO was accused of serious ‘harassment’

Democratic presidential candidate Hillary Clinton was among those who expressed outrage over the price increase. She called it “price gouging” and on Tuesday outlined a plan she said would limit how much patients are have to pay out of pocket for medications each month.

“And I think in the society we live in today it is easy to want to villainize people, and obviously we are in an election cycle where this is very tough topic for people and very sensitive. And I understand the outrage,” Shkreli said.

Shkreli said on Twitter Tuesday afternoon that he planned to “set the record straight on misconceptions and announce some adjustments to our plan.”

He planned to make his Twitter account private after that.

Do homebuyers really care about rising rates?

Do homebuyers care about rising rates?The short answer is: sort of. Potential homebuyers certainly care if the monthly payment goes up for the same house they were considering a month earlier. That concern, however, comes in third place after the ability to get a mortgage and the ability to find a home they like, according to a survey conducted this week by Harris Poll on behalf of Trulia.

Read More6% mortgages? What happens to housing

Forty-two percent said they expect mortgage rates to increase over the next six months, while 20 percent think rates will stay the same. Of their biggest worry, 26 percent named ability to qualify for a home loan compared with 24 percent who pointed to rising rates. Millennials, ages 18-34, are even more concerned about their access to credit than about their rate. Thirty-six percent of millennials polled said access was their primary concern versus 26 percent indicating rising rates.

If the Fed raises rates a quarter point, that does not directly correlate to a quarter-point increase in mortgage rates. The average rate on the 30-year fixed loosely follows the direction of the yield on the 10-year Treasury bond. If rates did move a quarter-point higher, they would still be lower than they were in 2013, when the Federal Reserve first announced it would start to “taper” its investment in mortgage-backed bonds.

House for sale

Nearly two-thirds of the consumers polled said the maximum price they would pay for their first or next home was $250,000. With 20 percent down, the rate increase could mean some buyers would qualify for less on a mortgage, but it would not turn those buyers away.

Read MoreMortgage applications plunge 7% ahead of Fed decision

Consumer confidence in both the overall economy and personal balance sheets are what drives buyers to make what is arguably the largest investment they will ever make A hike in interest rates is a signal that at least the Federal Reserve is gaining confidence in the economy.

“If the Federal Reserve decides to raise rates this year, it will be because they are confident that the economy will weather any short-term shocks. Over the longer term, the strong economic fundamentals, including robust job growth, better-paying jobs, rising wages, strong consumer demand, and demographic currents in favor of the housing market will boost demand for homes,” said Selma Hepp, Trulia’s chief economist.

What the housing market needs right now is less anxiety over potentially rising mortgage rates and more houses for sale.