Mold Prevention and Control

By The Bringhurst Group
Aug 26, 2014

mold_in_homeMold is a common occurrence in homes, but it can potentially cause health problems as well as damage to structures and surfaces if it is not controlled. Mold begins growing indoors when spores come in contact with wet surfaces or substances. Once established, mold can be very difficult to remove successfully – so prevention is the key.

Mold Prevention

Mold needs moisture to grow. Moisture can take the form of leaks, spills, condensation, and humidity, so controlling sources of moisture is the most important step in mold prevention. Here are some ways homeowners can avoid creating conditions in which mold will thrive:

Be alert for signs of leaks in supply and waste lines for bathrooms, kitchens, utility sinks, and laundry areas. Have any leaks fixed and dry the area thoroughly.

Check the condition of grout and tile on shower walls, floors, and around bathtubs. Repair damaged grout, and seal it to prevent mold from being absorbed. Caulking around tubs, showers, and sinks should be kept in good repair. If it isn’t, replace it with silicone caulk that contains a mildewcide.

Increase ventilation to the outside by using exhaust fans, and be sure the attic is properly ventilated.

Regularly empty and clean drain pans and hoses for air conditioning units and dehumidifiers.

Check for roof leaks that allow water to enter attic spaces or build up under roof shingles. Even a small amount of moisture can cause big problems down the road.

If possible, lower the overall humidity in the home to decrease condensation and create a less mold-friendly environment.

Places that tend to stay damp, such as showers, may be more difficult to keep entirely free of mold but it can be minimized. Diligent cleaning, opening a window and regularly using a ventilation fan are often enough to keep mold at bay.

Once mold has become established in the home it can be difficult to eradicate. Depending on the location and severity of the mold problem, a homeowner may need to engage a professional certified in mold remediation to remove it. A qualified professional will also take preventive measures to lessen the likelihood of recurrences.

For Your Client: Mold Prevention and Control, RISMedia

Recent Housing Growth a Sign of Long-Term Stability

By The Bringhurst Group
Jul 07, 2014

housing_growth_coinsAccording to Clear Capital’s most recent (HDI) Market Report and recent housing forecasts, it seems national home prices will be moderating over the next six months—only 0.9 percent growth forecasted. When all is said and done, Clear Capital expects to see 2014 year-end housing gains fall in line with historical rates of 3 – 5 percent, with growth of just 3.9 percent.

Between 1984 and 2013, national home prices grew on average 3.2 percent per year. The low price tier, one of the key drivers of the recovery, has put on the breaks. Through the end of 2014, national annual rates of growth will be more than cut in half from the current 12.4 percent to just 5.6 percent. By Q4, quarterly growth across all three price tiers is set to fall below 1 percent, with the low tier forecast showing the weakest quarterly growth of all.

It’s not all gloom and doom. National levels of distressed saturation fell below 20 percent for the first time since February 2008. This is certainly a good move for the long-term health and stability of the market, though discounted distressed opportunities, particularly among investors, helped to jump-start the recovery. Improvements in distressed-market measures mean other economic measures, like consumer confidence and the job market, must continue to improve to support the recovery.

Where do we go from here? Though metro market trends reflect moderating patterns seen at the national level, June data and forecasts through the end of 2014 reveal notable variations that suggest opportunity and risk will persist through moderation. Atlanta and San Jose should each continue to see a relatively strong recovery, leading the top 50 MSAs with 2.9 percent growth through the end of 2014. The markets’ drastically different distressed saturation rates, however, signal they have very different demand drivers. Detroit, on the other hand, is slated to see declines of 4.6 percent over the next six months, to end the year with total growth just under 2 percent. Detroit continues to see large variability in price trends, in part influenced by low price points, with a median price of $115,000.

“Our mid-year forecast continues to support the initial 2014 projection for national price growth we made back in December 2013, with overall home prices expected to end the year up 3.9 percent,” says Dr. Alex Villacorta, vice president of research and analytics at Clear Capital. “While it might feel like a shock to market participants and observers who have grown used to double digit price growth, the market’s continued move back toward long-run historical levels and growth rates is something we have expected. What we will be watching for, however, is whether the market settles into this historical sweet spot or whether prices continue to underperform historical norms. Declining distressed saturation levels are an undeniable sign that we’re transitioning back to pre-bubble norms. As markets fall back toward 3 percent – 5 percent historical rates of growth, we hope stability will restore consumer confidence and help support this healthy rate of growth in the long-term. Yet, any hint of declines in prices over the winter could have a negative effect on the spring buying season in 2015. There is real concern that the markets are not quite strong enough to withstand any further shocks. Uncertainty surrounding drivers like household formations, move-up buyers on lock down with underwater mortgages, and constraints in the job market could limit the market’s ability to sustain any type of growth moving forward.”

"Recent Housing Growth a Sign of Long-Term Stability", RISMedia,        July 1, 2014.


Hello World!

By The Bringhurst Group
Apr 28, 2014

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