So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, […]
NAHB: Home affordability favorable but at eight-year low
When comparing home prices and local incomes, Fla. has the U.S.’s 46th most affordable city (Homosassa Springs) and the 15th least affordable city (Miami metro). Source: Florida Realtors
US Housing Market Is Moving into 'Buy Territory'!
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better […]
With FHA rate cut suspended, what comes next?
No one knows, but lower fees often draw people in while higher fees drive them away. One suggested change so far: A 5% minimum downpayment for second-time buyers. Source: Florida Realtors
Do You Know the Real Cost of Renting vs. Buying? [INFOGRAPHIC]
Some Highlights: Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find […]
Fannie, Freddie a taxpayer cash cow for now: $10B sent to Treasury
The government-owned enterprises that back mortgages are a hot topic and risky venture for taxpayers, but they’re also a big U.S. Treasury money-maker right now. Source: Florida Realtors
The Impact of Homeownership on Civic Involvement
The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the […]
The Great News About Rising Prices for Homeowners
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news […]
More people want to be Fla. real estate agents
In 2005, 45,000 people passed Fla.’s real estate licensing exam; by 2008, the number plunged to 8,598 before bouncing back. By 2016, 27,926 people passed the exam, and Fla. now has 250,000 real estate licensees. Source: Florida Realtors
First Comes Love… Then Comes Mortgage?
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more […]
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