Cheap gas currently keeps U.S. inflation in check, but that won’t last forever as rents rise. And when inflation returns, mortgage rates usually move higher. Source: Florida Realtors
Housing Market Snapshot [INFOGRAPHIC]
Some Highlights: Home sales are up 1.5% year-over-year and 5.1% month-over-month. Demand is still much higher than the available housing inventory which declined 2.2% from March 2015. This is the 49th consecutive month with year-over-year price gains. Source: Luxury Market News
Where is Housing Headed for the Rest of 2016?
With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as: Will disappointing economic news adversely impact housing? Is affordability a major concern in today’s real estate market? Are we approaching a […]
30-year fixed mortgage rates hit three-year low
The average 30-year fixed mortgage rate dropped to 3.57% – far below its 3.85% one year ago and the third week in a row for a decline. Source: Florida Realtors
A ‘Buyer’ in the Hand is Worth Two in the Bush
In today’s highly competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements the seller is willing […]
Magazine says Fla. is second-best state for business
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
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