Recently released data from the National Center for Health Statistics revealed that 1.3 million Millennial women gave birth for the first time in 2015. There are now over 16 million women in this generation who have become mothers. “All told, Millennial women (those born between 1981 to 1997) accounted for about eight in ten (82%) […]
Millennials more willing to buy those fixer-uppers
Sometimes it takes compromise. Faced with rising home prices and interest rates coupled with downpayment challenges and college debt, more younger adults seem willing to buy iffy property that could, over time, become their dream home. Source: Florida Realtors
5 Myths About Real Estate Reality TV Explained
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Property Brothers,” and so many more, just in one sitting. When you’re in the middle of your […]
Builders predict big expansion in construction
NAHB: Look for a 10% increase in single-family production for 2017 and a 12% rise for 2018, thanks in part to a growing economy, solid employment gains, stronger wage growth and rising household formation. Source: Florida Realtors
Why Pre-Approval Should Be Your First Step
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved […]
4 reasons luxury real estate will flourish in 2017
Analysts are optimistic about the high-end sector over the coming year, citing the continued interest of foreign buyers and the fact that Fannie Mae and Freddie Mac will provide backing for larger mortgages for the first time in a decade. Source: Florida Realtors
Prices Rose 7.1% Year-Over-Year [INFOGRAPHIC]
Some Highlights: CoreLogic’s latest Home Price Index shows that prices rose by 7.1% across the United States year-over-year. With mortgage interest rates rising in the short term, CoreLogic believes price appreciation will slow to 4.7% by this time next year. 49 out of 50 states, and the District of Columbia, all had positive appreciation over […]
Homebuyer challenges: Mortgage rates and prices grow along with competition
While mortgage rates remain low by historical standards, they’ve been increasing recently – a trend that will impact buyers and is expected to continue into 2017. Source: Florida Realtors
Is This the Year to Move Up to Your Dream Home? If So, Do it Early
It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys: The University of Michigan Consumer Sentiment Index National Federation of Independent Businesses’ Small Business Optimism Index CNBC All-America Economic Survey The Conference Board Consumer Confidence Survey It usually […]
Average U.S. 30-year mortgage rate falls to 4.12%
It’s the second week of declines, following a surge in mortgage rates in the weeks after the Nov. elections. The average 15-year FRM dropped to 3.37%. Source: Florida Realtors
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