Chief Executive magazine’s annual list put Texas in the top “best for business” category, but No. 2 Fla. “continued to steadily edge up in qualitative measures.” Source: Florida Realtors
Mortgage Rates Remain at Historic Lows
The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many […]
Late HOA payments may soon affect credit scores
Starting in Oct., a buyer’s credit score may drop after a late homeowners’ association payment the same way it drops if mortgage payments arrive late. Source: Florida Realtors
4 Reasons to Move Up to Your Dream Home This Spring
Spring is in full force; the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider listing your current home and moving up to your dream home now, instead of waiting. 1. Buyer Demand is High & Inventory is Low Recent […]
Metro home prices maintain steadfast growth in 1Q
Source: Florida Realtors
Americans Believe Real Estate is the Best Long-Term Investment [INFOGRAPHIC]
Some Highlights: Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans. Real estate is ranked as the best long-term investment among all age groups. Millennials rank both real estate and savings/CDs at 26% when it comes to the best long-term investment. Source: Luxury Market News
Warren Buffett: There is No Housing Bubble
With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained: “I don’t see a nationwide bubble in real estate right now at all.” Later, when questioned whether […]
Few homes qualify for mortgage reduction offer
RealtyTrac: Only 1 out of 150 seriously delinquent Fla. homeowners (.67%) qualify under the fed’s latest rules to help at-risk owners by reducing their mortgage principal. Nationwide, it’s 1 in 200 (.5%). Source: Florida Realtors
Americans Rank Real Estate #1 Long Term Investment
The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds. Here is the […]
HUD fair housing case focuses on finances
A New York cooperative doesn’t allow trust fund ownership, but HUD says that discriminates against a disabled buyer and isn’t “reasonable accommodation.” Source: Florida Realtors
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