Some Highlights: Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions & can simply […]
Will weak inflation slow Fed's interest rate increases?
All signs point to healthy economic growth but one: inflation. The Fed wants to see 2% before it boosts interest rates, but inflation remains stubbornly stagnant. Source: Florida Realtors
Empty Nesters: Best to Remodel or Time to Sell?
Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent […]
Average mortgage rates fall again to new 2017 low
Mortgage-buyer Freddie Mac reports that the average rate on a 30-year, fixed-rate mortgage fell to 3.82% this week from last week’s 3.86%. Source: Florida Realtors
Number of Buyers Putting Down Less Than 10% Hits 7-Year High
According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put […]
Could Harvey push Fla. homeowner's insurance rates higher?
Short answer: No. Fla. rates shouldn’t go up. Rates are set at the state level, so what happens in Texas stays in Texas, and what happens in Fla. stays in Fla. Source: Florida Realtors
Florida Realtors taps Disaster Relief Fund, sends supplies
In response to the horrendous Texas flooding, Florida Realtors will send $25K to a Texas Realtors’ aid fund and pay for local efforts to create “Totes for Hope” – a grassroots effort to send personal supplies to Texas families struggling to survive. Source: Florida Realtors
Where Are Home Prices Heading in The Next 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They […]
Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750
The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because […]
15K Fla. properties have repetitive flood losses
A study recommends gov’t-funded buyouts of high-risk flood properties to mitigate against future problems – and it identified 15,000 of those in Fla. Source: Florida Realtors
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