In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage. According to a recent survey conducted […]
Housing Market Expected to “Spring Forward”
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their […]
Realtors: How will health insurance bill affect you?
The U.S. House introduced a healthcare bill this week that changes the current system. NAR is studying the issue to see where it might help or hurt Realtors. Source: Florida Realtors
Thinking of Selling? Do it TODAY!!
That headline might be a little aggressive. However, as the data on the 2017 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The February numbers are not in yet, but the January numbers were sensational. Lawrence Yun, Chief Economist […]
How will housing change over the next decade?
Be ready for some major demographic housing shifts: Demand will be higher overall, but buyers in their 20s will drop as the number in their 30s and 40s grows. Source: Florida Realtors
The Connection Between Home Prices & Family Wealth
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in […]
Can a community assoc. board sue a unit owner for defamation?
Some people complain more than others, but is there a point where criticism turns into harassment? With boards and unit owners, the answer is complicated. Source: Florida Realtors
Where Did Americans Move in 2016?
Some Highlights: For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity. For the first time ever, South Dakota held the top spot for “High Inbound” states. Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring. Source: Luxury Market News
Mortgage Rates Impact on 2017 Home Values
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors […]
Average 30-year mortgage rate falls to 4.1%
FRM rates fell again this week, but with the Fed threatening an interest rate hike soon, 70% of experts predict they’ll go higher and none anticipate a decline. Source: Florida Realtors
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