CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity over the last year, […]
Citizens customers could be paying more in 2018
The state-run property insurer wants to raise homeowner rates by an average of 5.3% and commercial accounts by an average of 8.4%, but regulators must OK the hike. Source: Florida Realtors
Buying Is Now 33.1% Cheaper Than Renting in the US
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all […]
Gov. Scott signs renewable energy bill
Lawmakers passed a renewable-energy bill (SB 90) supported by Florida Realtors after nearly 73% of voters approved the constitutional amendment last August. Source: Florida Realtors
Top Home Renovations for Maximum ROI [INFOGRAPHIC]
Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big projects like adding a bathroom or a complete kitchen remodel are […]
The zero-down loan? It's making a comeback
Some experts said no-downpayment mortgages led to the housing crisis, but some lenders are starting to offer them again anyway. Source: Florida Realtors
Are Home Prices Approaching Bubble Territory?
As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just catching prices […]
Fed again hikes short-term interest rates
Credit card holders will soon pay more. So will people with adjustable-rate mortgages or home equity lines of credit. But will it impact long-term mortgage rates? Source: Florida Realtors
The TRUTH Behind the RENT vs. BUY Debate
In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home […]
NAR answers questions about Zillow 'Instant Offers'
Change is constant in the real estate industry, and since many Realtors are talking about a recent Zillow move, NAR published answers to common questions. Source: Florida Realtors
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