According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]
Fla. GDP hits $1 trillion mark
If Fla. was an independent country, it would be the world’s 17th largest. The state’s economy has grown larger than Saudi Arabia’s, Switzerland’s and Argentina’s Source: Florida Realtors Related Posts:Patience Won’t Sell Your House. Pricing Will.Thought the Market Passed You By? Think Again.Multi-Generational Homebuying Hit a Record High – Here’s WhyWhy Buyers and Sellers Face […]
Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of […]
The supply of for-sale homes may finally be loosening up
30% of the largest 100 metros had an inventory increase in 2Q (13% in 1Q) thanks to construction and more owners starting to think that prices might be peaking. Source: Florida Realtors Related Posts:Thought the Market Passed You By? Think Again.It’s Getting More Affordable To Buy a HomeWhat Will It Take for Prices To Come […]
RE groups ban together to push Congress on flood insurance
22 real estate groups and associations – NAR, NAHB, insurers, bankers and others – sent a joint letter to lawmakers pushing them to pass a flood insurance bill. Source: Florida Realtors Related Posts:Home Insurance Costs Are Rising: What Buyers Should Plan ForWhat You Need To Know About Homeowner’s InsuranceAre These Myths About Buying a Newly […]
Scott declares emergency over algae outbreaks
Gov. Scott issued an emergency order over the reemergence of toxic algae outbreaks on both coasts as the regions’ water quality blossoms into a political issue. Source: Florida Realtors Related Posts:5 Spring Home Maintenance Tasks You Don’t Want To ForgetAre Builders Overbuilding Again? Let’s Look at the Facts.Why More Buyers Are Turning to New Construction […]
Instagram hour-long IGTV videos good for real estate
Instagram now allows users to create videos up to an hour long through its IGTV app, which works as a button inside Instagram and as a standalone app. Source: Florida Realtors Related Posts:Why Buying Real Estate Is Still the Best Long-Term…The Real Benefits of Buying a Home This YearYour House Didn’t Sell. Here’s What To […]
Average U.S. 30-year mortgage rates fall to 4.52%
Freddie Mac: Rates have declined in five of past six weeks, but a year ago, the average 30-year FRM was 3.96%. Average 15-year FRM slipped to 3.99% this week. Source: Florida Realtors Related Posts:Mortgage Rates Hit Lowest Point So Far This YearMortgage Rates Are Stabilizing – How That Helps…Top 3 Reasons To Buy a Home […]
2018 hurricane season may not be so busy after all
Source: Florida Realtors Related Posts:3 Reasons To Buy a Home Before Spring5 Spring Home Maintenance Tasks You Don’t Want To ForgetRising Inventory Means This Spring Could Be Your MomentWhy Selling Your House This Winter Gives You an Edge
UF: Fla. consumers' confidence dips a bit in June
The index that measures sentiment dipped 1.9 points last month to 98.3. Attitudes about current conditions and future expectations both dropped a bit. Source: Florida Realtors Related Posts:Why Selling Your House This Winter Gives You an EdgeMortgage Rates Hit Lowest Point So Far This YearWhy Your Home Equity Still Puts You Way AheadWhat a Fed […]
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