In a recent CNBC article, it was reported that many baby boomers are selling their current homes and moving into rentals, rather than purchasing another home. “Between 2009 and 2015, the number of renters aged 55 or above rose 28 percent, while those aged 34 or younger only increased 3 percent… Meanwhile, more than 5 million […]
U.S. 30-year, fixed-rate mortgage rate slips to 3.93%
Freddie Mac economist Len Kiefer said the market had already priced in the Fed’s rate hike on Wednesday, so mortgage rates barely moved from last week’s 3.94%. Source: Florida Realtors
What is the Cost of Waiting Until Next Year to Buy?
We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values […]
FREC UPDATE: New team advertising rules approved
The Florida Real Estate Commission (FREC) considered comments but made no changes to proposed team advertising rules before voting to approve them on Wednesday. However, the new rules have one Source: Florida Realtors
Before You Make an Offer, Here Are 4 Tips for Success!
So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac covered “4 […]
Fannie Mae announces eviction moratorium for the holidays
Freddie Mac and FHA should soon follow suit. In a holiday tradition, foreclosure actions may continue but families won’t be evicted until at least Jan. 2, 2018. Source: Florida Realtors
HUD announces new FHA loan limits for 2018
Due to rising home prices, FHA loan limits will go up in 3,011 U.S. counties next year. In high-cost areas, the max rises from $636,150 to $679,650 next year. Source: Florida Realtors
3 Tips for Making Your Dream Home a Reality [INFOGRAPHIC]
Some Highlights: Realtor.com shared their “5 Habits to Start Now If You Hope to Buy a Home.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it. Living within a budget will not only help you save […]
The #1 Reason to List Your House Today!
Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price. Historically, this made sense. However, today’s real estate market […]
A breakthrough in the Fannie, Freddie problem?
The House financial services chair admitted that his mortgage reform bill probably won’t become law and said he’s reaching across the aisle to find a bipartisan solution. Source: Florida Realtors
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