Many owners took out interest-only home equity lines of credit before the market collapse, but most owners refinanced before they reset to a higher interest rate. Source: Florida Realtors
Which Homes Have Increased in Value the Most?
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price […]
It's getting easier to crowdfund a downpayment
Crowdfunding tools help everyone to “pitch in” when a buyer needs downpayment help, and the newest ones charge no fees and make it easy to do. Source: Florida Realtors
Should I Buy a Home Now? Or Wait Until Next Year? [INFOGRAPHIC]
Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% over […]
Thinking of Selling your Home? Competition is Coming
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year. […]
Real estate QandA: Mortgage relief after Hurricane Irma?
Many Floridians missed work and spent money on repairs after Hurricane Irma departed. Now some can’t make their next mortgage payment, but they may have options. Source: Florida Realtors
What to Look for in Your Real Estate Team
How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent […]
Citizens claims expected to top $1.2 billion
The Fla.-owned insurer expects fewer claims filed over the next two years, and says that it can cover repairs and losses without expecting any taxpayer help. Source: Florida Realtors
More Than Half of All Buyers Are Surprised by Closing Costs
According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees […]
New home sales to take hit as industry turns to rebuilding
New home sales fell for the second month in a row, dropping 3.4% in Aug., with little optimism about a future increase as builders focus on storm destruction. Source: Florida Realtors
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