Last week, we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans? Let’s look at this example. Let’s say you have a 4-bedroom colonial style home […]
Report: Fla. building codes thwarted hurricane damage
Fla.’s building codes top all other states, according to a report that found the state’s newer construction was better able to withstand Hurricane Irma damage. Source: Florida Realtors
Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised!
CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. “U.S homeowners with mortgages (roughly 63% of all the properties) have seen their equity increase by a total of $908.4 billion […]
Economist calls home construction 'vastly inadequate'
NAR Chief Economist Lawrence Yun calls home construction “the key to economic prosperity” but sounds an alarm because numbers are moving in the wrong direction. Source: Florida Realtors
Dreaming of a Luxury Home? Now’s the Time!
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale […]
Big question for Fed: 3 or 4 interest rate hikes this year?
The Fed meets again this week to consider hiking interest rates, which directly impact short-term mortgage rates and, indirectly, fixed-rate loans. Source: Florida Realtors
The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home! Source: […]
Feb. housing starts fell 7% after Jan. surge
The construction slowdown came from a 28% plunge in multifamily building starts. Groundbreakings for single-family homes rose 2.9%. Source: Florida Realtors
Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years
If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years […]
Mortgage rates fall for the first time this year
The average rate on a 30-year FRM slipped to 4.44% from 4.46% last week due, in part, to a government report that inflation pressures may be easing. Source: Florida Realtors
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