So you’ve been searching for that perfect house to call a ‘home’ and you finally found one! The price is right, and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true! Freddie Mac covered “4 […]
Fed keeps key rate unchanged, hints of coming hike
The Fed held short-term interest rates steady yesterday but appears ready to hike them later this year. The Fed’s rates directly impact ARMs and, indirectly, FRMs. Source: Florida Realtors
76% Of US Homeowners Now Have at Least 20% Equity in Their Homes!
CoreLogic’s latest Equity Report revealed that 91.1% of all mortgaged properties are now in a positive equity situation, while 75.9% now have significant equity (defined as more than 20%)! The report also revealed that 548,000 households regained equity in the second quarter of 2016 and are no longer under water. Price Appreciation = Good News for Homeowners Frank […]
Not enough construction in most Fla. metro areas
NAR compared local employment gains to housing stock and found 80% of U.S. metros need more construction. In Fla., one city tops list; another ranks near bottom. Source: Florida Realtors
Don’t Underestimate the Importance of Using an Agent When Selling Your Home
When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the importance of using a […]
U.S. homebuilder sentiment hits one-year high
New-home builders have a rosy outlook about the future based on current trends and their projections for 2017. The monthly index rose 6 points to 65. Source: Florida Realtors
50% of Houses Sold in 36 Days or Less in July [INFOGRAPHIC]
Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less […]
The Cost of NOT Owning Your Home
Owning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. The […]
Mortgage Standards Easing TOO MUCH? NO!!
There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put everything into the proper perspective. Mortgage Credit Availability Over […]
Household incomes see first big gain since 2007
Census: It appears that Americans got fatter paychecks in 2015 – the first significant hike since 2007. U.S. median household income rose 5.2% to $56,516. Source: Florida Realtors
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