Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price. Historically, this made sense. However, today’s real estate market […]
A breakthrough in the Fannie, Freddie problem?
The House financial services chair admitted that his mortgage reform bill probably won’t become law and said he’s reaching across the aisle to find a bipartisan solution. Source: Florida Realtors
Home Prices Up 7% from Last Year
According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas […]
Why Is There So Much Paperwork Required to Get a Mortgage?
Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was […]
Need flood insurance? Process could grow difficult
Nat’l flood insurance expires Fri. and renewal could be tedious. Other issues are involved, and there’s talk of extending it multiple times for only two weeks. Source: Florida Realtors
5 Reasons to Sell This Winter!
Here are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in […]
NAR says Senate tax package 'bad news for homeowners'
The Senate version must now be reconciled with the House version. NAR says the package nullifies ownership savings and will lower home values more than 10%. Source: Florida Realtors
Median Days on the Market Drops to 34! [INFOGRAPHIC]
Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less […]
The Real Reason Home Prices are Increasing
There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are […]
FREC close to creating team advertising rules
On Wed., Dec. 20, the Florida Real Estate Commission (FREC) will discuss – and perhaps approve – new team-advertising rules for Fla. licensees during its monthly meeting. The latest version of the proposed rule is posted on Source: Florida Realtors
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