Study: 53% of potential homebuyers with student loan debt say the debt is “somewhat” or “very much” an obstacle to them buying a home, up from 49% in 2014. Source: Florida Realtors
7 Graphs That Show the Real Estate Market Is Back! [INFOGRAPHIC]
Some Highlights: Distressed property sales fell to its lowest number since NAR began tracking it in 2008. As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range. Interest rates are still at historic lows, signifying that now is the right time to buy! […]
Supreme Court limits benefits when insurers go broke
A property-insurer-paid Fla. fund helps owners if their property insurer goes bankrupt, but a payout doesn’t have to be as good as the benefits stated in a now-defunct policy; and the court ruled that a 2011 law can be applied retroactively. Source: Florida Realtors
The ‘Great News’ About Rising Prices
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news about rising prices, however, […]
Election campaigns not focused on housing issues
NAR created a list of top concerns today’s political candidates will deal with once in office, although housing hasn’t been a high-profile campaign topic. Source: Florida Realtors
Starting to Look for a Home? Know What You WANT vs. What You NEED
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]
How Historically Low Interest Rates Increase Your Purchasing Power
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low. The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, […]
Forecast: 17M first-time buyers within 5 years
A TransUnion study predicts a strong uptick in first-time buyers as aging millennials start families and wounds from the Great Recession continue to heal. Source: Florida Realtors
Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750
The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania, revealed that many Millennials have not yet considered purchasing a home, simply […]
Authority to investigate homeowners' associations?
Legal QandA: Can HOA owners report their association to the state? Can condo directors accept restaurant gift cards? Can I sell my condo but keep the boat slip? Source: Florida Realtors
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