Source: Florida Realtors
61% of First-Time Buyers Put Down Less than 6%
According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment […]
Florida report: 2017 Profile of Home Buyers and Sellers
What does the typical Fla. buyer or seller look like? Only 1 in 5 (22%) of buyers are first-timers compared to 34% in U.S., and they’re typically 45 years old. Sellers average 60 years and make about $96.5K annually with retirement a primary goal. Source: Florida Realtors
Wondering If You Can Buy Your First Home?
There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current […]
Prepare for a potential government shutdown
Political disputes could lead to a temporary federal shutdown on Friday. If so, certain important real estate functions could slow down or possibly come to a halt. Source: Florida Realtors
Thinking of Selling? Now is the Perfect Time
It is common knowledge that a great number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring […]
New programs help investors buy single-family homes
Mortgage finance giants Fannie Mae and Freddie Mac have new loan packages with competitive interest rates to help small investors buy single-family rentals. Source: Florida Realtors
The Impact Staging Your Home Has on Sales Price [INFOGRAPHIC]
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top […]
93% Believe Homeownership Is Important in Attaining the American Dream
Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” 18% of those surveyed said it was the most […]
Average 30-year mortgage rates rise to 3.99%
The cost of borrowing money to buy a home rose slightly this week but stopped short of crossing the psychologically significant 4% mark. Source: Florida Realtors
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