The availability of mortgage credit is not at the same level that it was during the boom in housing (2005), and that’s good news. However, the constant headlines which talk about “tight credit” are causing some potential home buyers to doubt their ability to purchase. We want to rectify the misconception of what is required […]
Short-term rentals come with risks and rewards
First thing: It’s critical to understand the legal, zoning and tax rules about owning a short-term rental, considered any property rented for less than 30 days. Source: Florida Realtors
It’s Not Always Marriage Before Mortgage
There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still, others might think their current […]
The top 10 things you should know about 2017
Issues to expect, according to experts at NAR’s trends forum: Housing affordability, population changes and online retailers’ impact on brick-and-mortar stores. Source: Florida Realtors
NAR Reports Show Now Is a Great Time to Sell!
We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house. Let’s look at the data […]
NAR's 2017 residential real estate forecast
More millennials in their prime home buying years, rising household formation and continued job gains are expected to boost housing next year. Source: Florida Realtors
The Difference an Hour Makes This Fall [INFOGRAPHIC]
Every Hour in the US Housing Market: 633 Homes Sell 253 Homes Regain Positive Equity Median Home Values Go Up $1.43 Source: Luxury Market News
Think All Millennials Live in Their Parent's Basement? Think Again!
According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America’s youth born between 1982-2000, now represent more than one quarter of the nation’s population, totaling 83.1 million. There has been a lot of talk about how, as a generation, millennials have ‘failed to launch’ into […]
Distressed home sales hit nine-year low in 3Q
ATTOM: Cash sales also logged a nine-year low. But Fla. ranks high in year-over-year median sale price increases, distressed sales and the number of cash buyers. Source: Florida Realtors
How Long Do Families Stay in a Home?
The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average […]
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