Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the […]
Florida property insurers avoid ratings downgrades
Potential problem averted: If Fannie/Freddie-backed rating firm downgraded Fla. insurers, it could have halted closings and made current owners find new coverage. Source: Florida Realtors
Don’t Let Your Luck Run Out [INFOGRAPHIC]
Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time. Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to […]
Which Homes Have Appreciated the Most?
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year. The CoreLogic report […]
Single-family housing starts hit highest level in 10 years
Single-family production increased 6.5%, “consistent with rising builder confidence in the housing market,” says NAHB president. Multifamily dropped 3.7%. Source: Florida Realtors
A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month […]
NAR: Consumers almost giddy – but renters wary of buying
Job gains and hope are “igniting consumer confidence across the country,” per NAR’s latest HOME survey, but fewer renters think it’s a good time to buy. Source: Florida Realtors
Mortgage Interest Rates Went Up Again… Should I Wait to Buy?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get […]
Residents of 39 U.S. states pay more taxes
A WalletHub study finds Fla. 10th best for total state and local taxes paid, 25th for real estate taxes, and eighth best for the cost of sales and excise taxes. Source: Florida Realtors
How to Get the Most Money When Selling Your Home
Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this […]
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