Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease […]
Appraisers & Homeowners Don’t See Eye-To-Eye on Values
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for […]
ATTOM: The foreclosure crisis is over
For the first time in a decade, the time it takes to foreclose on a home is down. Fla. remains a top foreclosure state, but it’s now No. 5 for foreclosure rates. Source: Florida Realtors
The Role Access Plays in Getting Your House SOLD!
So you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, […]
Mortgage help for victims of Hurricane Matthew
Fla. families with mortgages backed by FHA, Fannie Mae or Freddie Mac may be eligible for mortgage protection, and their penalty fees could be waived. Source: Florida Realtors
Court: Consumer watchdog structure unconstitutional
A federal appeals court ruled that CFPB’s structure – the U.S. consumer bureau with oversight over RESPA rules and most financial companies – is unconstitutional. Source: Florida Realtors
The Past, Present & Future of Home Prices
CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category: The Past – home appreciation over the last 12 months The Present – home appreciation over the last […]
3 Questions to Ask Before Buying Your Dream Home
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]
When listing a home, words matter
If all you say is “3BR, 1BA, eat-in-kitchen,” why would it grab buyers’ attention? Some agents say a listing description should make buyers feel something. Source: Florida Realtors
Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]
Some Highlights: The interest rate you secure for your mortgage greatly influences your monthly housing costs. In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000. Interest rates are still at historic lows; this is a great time lock in your housing cost and […]
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