Rates were virtually unchanged, though up a smidgen compared to last week’s 3.92%. For all of last year, the 30-year FRM averaged 3.65%. Source: Florida Realtors
Do Your Future Plans Include a Move? What’s Stopping You from Listing Now?
Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs? How can you line up your current needs with […]
Commercial Realtors income up 11% year-to-year
NAR’s annual report also found a 19% increase in sales transaction volume, which indicates a growing economy and an uptick in the number of Realtors who choose to specialize in commercial real estate. Source: Florida Realtors
Be Careful Not to Get Caught in The Rental Trap!
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your […]
Study: Best U.S. cities to flip homes
What’s the best city in Fla. to flip a home? A WalletHub study found that Tampa ranks sixth out of 150 national metros, though Orlando (No. 16) isn’t far behind. Source: Florida Realtors
Buyer Demand Continues Outpacing the Supply of Homes for Sale
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]
Inventory Drops Again, Sales Slow [INFOGRAPHIC]
Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains. Source: Luxury […]
Americans Still Believe Real Estate is Best Long-Term Investment
According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or […]
Mortgage rates fall again – second straight week
Fixed-rate mortgages rose above 4% three weeks ago, but they’re down to 3.92% this week even though the Fed has increased short-term rates 4 times in 18 months. Source: Florida Realtors
A ‘Buyer’ in Hand is Worth Two in the Bush
In today’s highly competitive seller’s market where there are more buyers than there are homes for them to buy, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements they are willing to make […]
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