The Pending index hit its second-highest reading in almost a decade, but with too-few listings, “buyers still have few choices and little time” to act. Source: Florida Realtors
Why Is There So Much Paperwork to Sign to Get a Mortgage?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and […]
U.S. consumer confidence hits one-year high
The monthly survey found both a short-term and long-term improvement in attitudes about business conditions, the labor market and personal income. Source: Florida Realtors
Don’t Get Caught in the Rental Trap!
There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental […]
Primary election: Solar amendment has wide support
Haven’t voted yet? It’s today. Go. Analysts say Amendment 4, which appears on the ballot and supports solar energy tax breaks for businesses, has wide support and no organized opposition. Source: Florida Realtors
Attention, jumbo-mortgage shoppers: Deals ahead
More lenders are now offering jumbo loans. The high-end loans made up 20.3% of all first mortgages originated in the first quarter 2016, up from 18.9% a year ago. Source: Florida Realtors
How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]
Some Highlights: The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high! Anything under a 6-month supply is a Seller’s Market! There has not been a 6-months inventory supply since August 2012! Buyer Demand […]
How Scary is the Housing Affordability Index?
Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here is how NAR defines the index: “The Housing Affordability Index measures whether or not […]
With rain on horizon, insurers say 'be prepared'
There’s a good chance Fla. will see gusty rain this weekend, and an insurance association issued a reminder on hurricane-preparedness steps homeowners should take. Source: Florida Realtors
Housing Market Slowing Down? Don’t Tell Builders!
Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007. The latest estimates from the US Census Bureau and Department of Housing […]
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