There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of […]
NAR: Vacation home sales plummet in 2016
Investment buyers picked up as vacation buyers pulled back. Vacation home trends: More took out a mortgage and more planned to use the home for short-term rentals. Source: Florida Realtors
The Importance of Using a Professional to Sell Your Home
When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]
Most consumers think their insurance covers flooding
The national flood program might be in better financial shape if more homeowners knew they needed coverage. A recent study found that 56% do not. Source: Florida Realtors
Why Millennials Choose to Buy [INFOGRAPHIC]
Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” At 93%, the top reason Millennials choose to buy is to have control over […]
Title companies want federal help to fight wire fraud
The title association says it has warned buyers about scammers who steal closing money – but it’s not enough. It’s asking the U.S. consumer bureau to help. Source: Florida Realtors
Fla. 1 of 16 states that taxes investment homes more
In 34 states, investment homeowners pay lower effective property tax rates than homesteaded owners, according to an ATTOM study. Source: Florida Realtors
The 'REAL' News about Housing Affordability
Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here […]
S. Fla. office market robust but slowdown looming?
Low interest rates, job growth and a dearth of construction combined to create a prolific office market over the past five years, but some predict a slowdown. Source: Florida Realtors
Buying this Spring? Be Prepared for Bidding Wars
Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different! Buyers have already been out in force looking for their dream homes and more are on their way, but the challenge is […]
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