Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at […]
Harsh reality hitting Floridians without flood policies
In five years, the number of federal flood policies in Fla. fell by 15%, and many non-covered people are now wondering how they can afford to fix their homes. Source: Florida Realtors
Lack of Existing Home Inventory Slows Sales Heading into Fall [INFOGRAPHIC]
Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market for less than a month. A limited supply continues to drive up prices for the 66th consecutive month. […]
Why Are So Few Homes for Sale?
There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]
Mortgage rates increase after lengthy decline
Average long-term mortgage rates rose to 3.38% in Freddie Mac’s weekly survey – the first FRM increase in almost two months. Source: Florida Realtors
More Americans Say Now is a Good Time to Sell!
Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed […]
FHA allows transactions to proceed with immediate reinspection
FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings is waived. Source: Florida Realtors
Home Sales Expected to Increase Nicely in 2018
Freddie Mac, Fannie Mae, and The Mortgage Bankers Association are all projecting that home sales will increase in 2018. Here is a chart showing what each entity is projecting in sales for the remainder of this year and the next. As we can see, each entity is projecting sizable increases in home sales next year. If you […]
Irma's Fla. insurance claims already near $2 billion
State officials say Hurricane Irma has already exceeded claims and losses (335,000 claims, $1.9B in property losses) from the two Fla. hurricanes last year. Source: Florida Realtors
NAR: Student debt delays millennial homeownership by 7 years
Despite being in prime home-buying years, a majority of millennials with student debt currently don’t own a home – and many believe student debt is the reason. Source: Florida Realtors
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