Matey Veissi, 2016 president, is 2017 Realtor of the Year; Connie Johnson is Associate Realtor of the Year – awards were given out yesterday at the convention. Source: Florida Realtors
58% of Homeowners See a Drop in Home Values Coming
According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]
Home starts fall in July – but mainly multifamily
Housing starts fell 4.8% as builders struggled to find workers, though the lion’s share of that drop occurred in the multifamily component that dropped 17.1%. Source: Florida Realtors
Sellers: Your Home is an Oasis in an Inventory Desert
First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR), […]
Homes Are Selling Quickly Nationwide
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were […]
Top Fed official: Bond portfolio could shrink soon
The Fed will “likely announce next month” the sale of some bonds acquired during the recession – a move that would probably push mortgage rates a tad higher. Source: Florida Realtors
Homeowner’s Net Worth Is Still Greater Than a Renter’s
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). The latest survey data, covering 2014-2016 will […]
Merger could create huge single-family-home landlord
Two institutional investors – businesses that buy multiple single-family homes to rent out – could merge in a $4.3B deal that controls 82,000 U.S. homes. Source: Florida Realtors
What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase […]
Surprising drop in owners optimistic about selling
Are owners less inclined to sell? The percent who thought it’s a good time hit a record high in Fannie’s June survey – but it dropped a surprising 11% in July. Source: Florida Realtors
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