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
7 Factors to Consider When Choosing A Home to Retire In
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 […]
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