We all realize that the best time to sell anything is when demand for that item is high, and the supply of that item is limited. Two major reports released by the National Association of Realtors (NAR) revealed information that suggests that now is a great time to sell your house. Let’s look at the data covered in […]
January new-home sales drop 7.8%
The Commerce Department says Jan. sales came in at a seasonally adjusted annual rate of 593,000 – the lowest since August and down from 643,000 in Dec. Source: Florida Realtors
Mortgage Rates on FIRE! Home Prices Up in Smoke?
Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a […]
Long-term mortgage rates climb again – to 4.40%
The average rate for a 30-year fixed-rate mortgage hit its highest point since April 2014 and moved marginally higher from last week’s average 4.38%. Source: Florida Realtors
80% of Renters Believe Homeownership is a Part of Their American Dream
According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials believe that their rent will […]
CoreLogic: Housing costs to rise 15% this year
Higher home prices, mortgage rates and inflation will collectively make the typical inflation-adjusted mortgage payment go up 15%, economists predict. Source: Florida Realtors
2 Ways to Get the Most Money from The Sale of Your Home
Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive, but let’s look […]
Agreement on VOW listing displays expires in Nov.
Ten years ago when the internet was young, NAR limited virtual-office website displays, but DOJ said that was wrong because it unfairly restrained competition. Source: Florida Realtors
Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!
Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’ […]
4 form changes go into effect today
The form updates approved at Florida Realtors’ Mid-Winter meetings go live today and will be accessible via Form Simplicity and other forms vendors this morning. Source: Florida Realtors
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