Starts fell 6.8% last month, but they’re 8.1% higher for the first quarter. Analysts think a mild winter may have boosted Jan.-Feb. and dinged March results. Source: Florida Realtors Related Posts:The Biggest Perks of Buying a Home This WinterWhy Selling Your House This Winter Gives You an EdgeMortgage Rates Are Stabilizing – How That Helps…3 […]
More owners opting for a cash-out refi mortgage
45% of homeowners who refinanced in 4Q 2016 borrowed more money than they owed. The last time cash-out refis surged was during the pre-recession boom. Source: Florida Realtors Related Posts:Why Rising Foreclosure Headlines Aren’t a Red Flag…Why So Many Homeowners Are Downsizing Right NowWhat’s Motivating Homeowners To Move Right NowThe U.S. Foreclosure Map You Need […]
Average 30-year mortgage rate falls to 2017 low: 4.08%
Long-term mortgage rates have been hard to track and even harder to predict this year. The FRM hit a 2017 high recently only to drop this week to a new 2017 low. Source: Florida Realtors Related Posts:Mortgage Rates Hit Lowest Point So Far This YearWhat a Fed Rate Cut Could Mean for Mortgage RatesMortgage Rates […]
Millennial owners' advice to peers: Get off the sidelines
Survey: Young adults who recently bought a home think their friends should do so too. 80% said it helps financially; 86% said it’s cheaper than renting. Source: Florida Realtors Related Posts:Is It Better To Rent or Buy a Home?The Real Benefits of Buying a Home This YearShould You Sell Your House or Rent It Out?The […]
NAR: Vacation home sales plummet in 2016
Investment buyers picked up as vacation buyers pulled back. Vacation home trends: More took out a mortgage and more planned to use the home for short-term rentals. Source: Florida Realtors Related Posts:Is It Time To Put Your House Back on the Market?What a Government Shutdown Really Means for the…Why Buying Real Estate Is Still the […]
Most consumers think their insurance covers flooding
The national flood program might be in better financial shape if more homeowners knew they needed coverage. A recent study found that 56% do not. Source: Florida Realtors Related Posts:Home Insurance Costs Are Rising: What Buyers Should Plan ForWhat You Need To Know About Homeowner’s InsuranceWhat a Government Shutdown Really Means for the…Why Moving to […]
Title companies want federal help to fight wire fraud
The title association says it has warned buyers about scammers who steal closing money – but it’s not enough. It’s asking the U.S. consumer bureau to help. Source: Florida Realtors Related Posts:Seller Concessions: A Smart Strategy To Get Your House SoldWhat a Fed Rate Cut Could Mean for Mortgage RatesThe Secret To Selling Your House […]
Fla. 1 of 16 states that taxes investment homes more
In 34 states, investment homeowners pay lower effective property tax rates than homesteaded owners, according to an ATTOM study. Source: Florida Realtors Related Posts:Are You Saving Up To Buy a Home? Your Tax Refund Can HelpHow To Buy a Home Without Waiting for Lower RatesA Second Home Might Be the Missing Piece in Your…Is It […]
S. Fla. office market robust but slowdown looming?
Low interest rates, job growth and a dearth of construction combined to create a prolific office market over the past five years, but some predict a slowdown. Source: Florida Realtors Related Posts:It’s Getting More Affordable To Buy a HomeExpert Forecasts Point to Affordability Improving in 2026Housing Market Forecasts for the Rest of 20254 Things To […]
Floridians' confidence hits 15-year high in March
The 99 reading was the highest since March 2002 and second-highest since 2000 following a Feb. dip. All five components that make up the index increased. Source: Florida Realtors Related Posts:Multi-Generational Homebuying Hit a Record High – Here’s WhyWould You Let $80 a Month Hold You Back from Buying a Home?Housing Market Forecasts for the […]
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