As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs […]
NAR study: Millennials buying the most homes
Millennial purchases ticked up year-to-year, but a tight inventory and higher costs subdued activity, and forced many to keep living in their parents’ basements. Source: Florida Realtors
You Can Save for a Down Payment Faster Than You Think!
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from the United States […]
Some buyers will lose out if they don't act now
Every marginal increase in mortgage rates makes homeownership unaffordable for a few more buyers, so it’s now-or-never for some families. Source: Florida Realtors
4 Reasons Spring is a Great Time to Buy a Home!
Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year. The bottom […]
NAR: Fair housing should remain a primary HUD mission
HUD might change its mission statement to remove “antidiscrimination language.” Sec. Ben Carson, who has led the charge, also wants to add “self-sufficiency.” Source: Florida Realtors
The Difference an Hour Will Make This Spring [INFOGRAPHIC]
Some Highlights: Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on […]
A New Housing Bubble Forming…Not Before 2024!
A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008. Recently, several housing experts weighed in on the subject […]
Mortgage rates climb to 4.46% – a 4-year high
The cost of a loan continues to rise on the brink of the traditional spring home buying season, and buyers will now confront higher borrowing costs. Source: Florida Realtors
Home Prices: The Difference 5 Years Makes
The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing […]
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