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
How to Get the Most Money from the Sale of Your Home
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 […]
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