Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. Source: Luxury Market News
IRS: The home office deduction is often overlooked
Agents who work at home could save money on their income taxes, but some apparently don’t. The IRS offers two ways to deduct the cost of a home office. Source: Florida Realtors
3 Reasons the Housing Market is NOT in a Bubble
With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending standards […]
30-year mortgage rates head higher again – to 4.05%
Rates stayed about the 4% mark and moved higher for the second week in a row, rising from last week’s average 4.02% to 4.05% this week. Source: Florida Realtors
Gallup: Real Estate is Best Long-Term Investment 4 Years Running
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fourth year in a row, Real Estate has come out on top as the best long-term investment! This year’s results showed that 34% of […]
Okeechobee reservoir bill becomes law
Gov. Scott signed SB 10 Tuesday – one of the bills highlighted in Florida Realtors’ end-of-session report as a real estate “win” for the 2017 legislative session. Source: Florida Realtors
Inventory Shortages Are Slowing Down the Market
The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again. However, there is one thing that may cause the industry […]
Survey: Buyers/sellers shake off last month's doldrums
Fannie Mae’s monthly survey on consumers’ attitudes about the current real estate market increased 2.2 points in April after dipping in March. Source: Florida Realtors
Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!
If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are […]
Bad credit scores can triple home insurance costs
In Florida, a homeowner with bad credit pays, on average, 25% more for property insurance than an owner with good credit. In some states, it’s much more though. Source: Florida Realtors
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