Study: Affordability issues, student loan debt, tight credit conditions and housing supply shortages are keeping the homeownership rate stuck near a 50-year low. Source: Florida Realtors
The Impact Your Interest Rate Makes [INFOGRAPHIC]
Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget. Interest rates are at their lowest in years… RIGHT NOW! If buying your […]
Fannie to loosen mortgage requirements
On July 29, Fannie Mae will raise its debt-to-income ceiling from 45% to 50%, making it possible for a larger number of new buyers to qualify for a mortgage. Source: Florida Realtors
Mortgage Interest Rates Reverse Course in 2017
To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could […]
Millennials may see a 2017 home-buying turnaround
U.S. homeownership rate is 63.6% (64.6% in Fla.), but owner households formed at double the rate of renter households in 1Q 2017 – a key to homeownership growth. Source: Florida Realtors
69% of Buyers are Wrong About Down Payment Needs
According to a recent survey conducted by Genworth Financial Inc. at the Annual Mortgage Bankers’ Association Secondary Market Conference, 69% of mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s market. Nearly 40% of mortgage industry professionals surveyed believe that a lack of knowledge about the […]
Survey: Buyers/sellers express mixed reactions in May
Fannie Mae’s monthly survey on consumers’ attitudes about the current real estate market slipped slightly, 0.5 points in May after rising in April. Source: Florida Realtors
If Your Home Hasn’t Sold Yet… Definitely Check the Price!
The residential housing market has been hot. Home sales have bounced back solidly and are now at their fourth highest pace over the past year. Demand has remained strong throughout spring as many real estate professionals are reporting bidding wars with many homes selling above listing price. What about your house? If your house hasn’t sold, it […]
New 'HomePod' speaker coming to smart homes
Like Google Home and Amazon Echo, Apple’s HomePod will play music, and Siri’s voice will listen, take commands and help people manage their lives and homes. Source: Florida Realtors
5 Reasons You Should Sell This Summer
Here are five reasons listing your home for sale this summer 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 […]
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