Fla.-based Black Knight says “tappable” equity has hit a record high, but equity loans could still drop in demand since interest is no longer tax deductible. Source: Florida Realtors
4 Reasons to Sell This Winter [INFOGRAPHIC]
Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family […]
Time on the Market Drops to New Low in 2017
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 […]
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