Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in […]
Can a community assoc. board sue a unit owner for defamation?
Some people complain more than others, but is there a point where criticism turns into harassment? With boards and unit owners, the answer is complicated. Source: Florida Realtors
Where Did Americans Move in 2016?
Some Highlights: For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity. For the first time ever, South Dakota held the top spot for “High Inbound” states. Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring. Source: Luxury Market News
Mortgage Rates Impact on 2017 Home Values
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors […]
Average 30-year mortgage rate falls to 4.1%
FRM rates fell again this week, but with the Fed threatening an interest rate hike soon, 70% of experts predict they’ll go higher and none anticipate a decline. Source: Florida Realtors
Over Half of All Buyers Are Surprised by Closing Costs
According to a recent 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 […]
Fla.'s lack of industry compared to some other states and nearby oceans
Naples has the cleanest air in U.S.; Ocala ranks No. 3. Realtor.com study credits Fla.’s ocean breeze and limited industry for an overall lack of air pollution. Source: Florida Realtors
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost […]
Dec. home prices rise at fastest pace in a year
SandP/Case-Shiller: Year-to-year, U.S. home prices rose 5.6%, the fastest pace in 11 months, as homebuyers bid against each other for a limited supply of listings. Source: Florida Realtors
Where Are the Home Prices Heading in the Next 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next […]
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