It seems illogical: Lenders say they’ll now approve loans to buyers with lower credit scores, but the average score of people actually approved continues to rise. Source: Florida Realtors
Thinking You Should FSBO? Think Again [INFOGRAPHIC]
Some Highlights: According to NAR’s Profile of Home Buyers & Sellers: 88% of buyers look for their new home online. Using a real estate agent can net you $39,000 more than FSBO’ing. There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional […]
Hurry Up and List Your House TODAY!!
That headline might be a little aggressive. However, as the data on the 2016 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! The May numbers are not in yet, but the April numbers were sensational. Jonathon Smoke, Chief Economist […]
Do Homeowners Realize Their Equity Position Has Changed?
Yesterday, we reported that according to CoreLogic’s latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed […]
Commercial drone use set to take flight with release of FAA rule
Just-released FAA rules create a clearer way for real estate pros to use drones for commercial purposes – “a win for the industry,” says NAR Pres. Tom Salomone. Source: Florida Realtors
74% of Households in the US Now Have Significant Equity!
CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water. Price Appreciation = Good […]
Thinking of Selling? 5 Reasons You Shouldn’t FSBO
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are […]
Decade after housing peaked: Owners richer, renters hurting
In the 10 years since the mortgage crisis, a growing number of U.S. renters are struggling to become owners, due to surging costs, rising home values and more. Source: Florida Realtors
Foreclosure Rate Drops to New Post-Crisis Low [INFOGRAPHIC]
Some Highlights: According to CoreLogic, the national foreclosure rate dropped to 1.1% of all homes with a mortgage. This is the lowest percentage experienced since October 2007. April marked the 54th consecutive month of year-over-year declines in foreclosure inventory. Only 3% of homes in the United States are in serious delinquency. More and more homeowners […]
Tampa is # 7: Top 10 American Cities for Dogs (and the People Who Love Them) by Yuqing Pan
photo courtesy of Inti St Clair/Getty Images Great Article Found on Realtor.com: TAMPA, FL is #7 Quick quiz: Do you… A. Actually enjoy being woken up each morning with a wet nose in your face? B. Feel unashamed to dress your pet like a Victorian child, push him around town in a high-end stroller, and talk to him in […]
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