According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to […]
Average 30-year mortgage rates slip to 3.95%
Freddie Mac says the average rate on 30-year fixed-rate mortgages slipped to 3.95% from 3.99% last week. One year ago, the FRM averaged 4.20%. Source: Florida Realtors
The Benefits of Homeownership Go Beyond the Financial
Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is important that we […]
Study: Lenders approved lower credit scores in 2017
In Nov. 2016, the average FICO score on a closed FHA refinance loan to a millennial borrower was 678 – but it dropped to 669 in Nov. 2017. Source: Florida Realtors
How Rising Prices Will Help You Build Family Wealth in 2018
Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchases and closes on a $250,000 home this […]
Florida's business rent tax now less burdensome
One of Florida Realtors’ top 2017 legislative goals – a cut in the rent tax on commercial leases – went into effect. The rate dropped from 6% to 5.8% on Jan. 1. Source: Florida Realtors
Here’s to a Wonderful 2018!
We hope 2018 is a great year for you, both personally and professionally! Source: Luxury Market News
Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro [INFOGRAPHIC]
Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team! There are many benefits to using a local professional! Pick a professional who knows your local market and can help you […]
There’s More to a Bubble Than Rising Home Prices
What truly causes a housing bubble and the inevitable crash? For the best explanation, let’s go to a person who correctly called the last housing bubble – a year before it happened. “A bubble requires both overvaluation based on fundamentals and speculation. It is natural to focus on an asset’s fundamental value, but the real […]
Top 4 REAL Reasons We Buy a Home
We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]
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