According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is […]
NAR: Existing-home sales slide in Dec. but 2016 hits 10-year high
Source: Florida Realtors
Have You Saved Enough for Closing Costs?
There are many potential homebuyers, and even sellers, who believe that they need at least a 20% down payment in order to buy a home or move on to their next home. Time after time, we have dispelled this myth by showing that many loan programs allow you to put down as little as 3% […]
NAR: Nixing FHA premium cut hurts up to 40,000 buyers
The cancelled FHA mortgage insurance cut will hurt up to 850,000 homebuyers, NAR said on Friday, but the association would continue advocating for a cut. Source: Florida Realtors
HUD suspends FHA mortgage ins. premium reduction
An announced cut in FHA mortgage insurance premiums, effective April 27, would have saved buyers money, but the reduction was canceled unexpectedly on Friday. Source: Florida Realtors
Tips for Preparing Your House For Sale [INFOGRAPHIC]
Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and is […]
Will Housing Affordability Be a Challenge in 2017?
Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a 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 is how NAR defines […]
What Would a Millennial Baby Boom Mean for Housing?
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 […]
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