The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the […]
Mortgage rates edge up – but not much
Rates rose negligibly from last week’s 4.15% to 4.16% this week, and half the experts polled this week predict relative stability over the short term. Source: Florida Realtors
Are You 1 of the 59 Million Planning to Buy This Year?
According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017. The survey also revealed 3 key takeaways: Those most likely to buy are ‘Older […]
Fla.'s housing market: More sales, rising prices in Jan.
Positive trends: Single-family home sales rose 5.2% year-to-year, median price up 10.1% to $220,000. Condo sales rose 6.2% and median price up 6.6% to $161,000. Source: Florida Realtors
Access: A Key Component in Getting Your House SOLD!
So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, […]
NAHB: Home affordability favorable but at eight-year low
When comparing home prices and local incomes, Fla. has the U.S.’s 46th most affordable city (Homosassa Springs) and the 15th least affordable city (Miami metro). Source: Florida Realtors
US Housing Market Is Moving into 'Buy Territory'!
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better […]
With FHA rate cut suspended, what comes next?
No one knows, but lower fees often draw people in while higher fees drive them away. One suggested change so far: A 5% minimum downpayment for second-time buyers. Source: Florida Realtors
Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]
Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find […]
Fannie, Freddie a taxpayer cash cow for now: $10B sent to Treasury
The government-owned enterprises that back mortgages are a hot topic and risky venture for taxpayers, but they’re also a big U.S. Treasury money-maker right now. Source: Florida Realtors
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