Some experts said no-downpayment mortgages led to the housing crisis, but some lenders are starting to offer them again anyway. Source: Florida Realtors
Are Home Prices Approaching Bubble Territory?
As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just catching prices […]
Fed again hikes short-term interest rates
Credit card holders will soon pay more. So will people with adjustable-rate mortgages or home equity lines of credit. But will it impact long-term mortgage rates? Source: Florida Realtors
The TRUTH Behind the RENT vs. BUY Debate
In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home […]
NAR answers questions about Zillow 'Instant Offers'
Change is constant in the real estate industry, and since many Realtors are talking about a recent Zillow move, NAR published answers to common questions. Source: Florida Realtors
Homeownership Is a Good Financial Investment!
According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? Ralph McLaughlin, Trulia’s Chief Economist explains: “Owning a home is […]
Set to hike rates, Fed wrestles with low inflation
Experts: The Fed likely will raise its key short-term rate by a quarter percentage point to a range of 1% to 1.25% this week – the third such hike since Dec. Source: Florida Realtors
Root causes for U.S.'s depressed homeownership rate
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
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