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 […]
How will immigration reform impact Fla.?
It’s unclear how immigration rules will change, but WalletHub analyzed data to gauge its impact. Overall, Fla. ranked 13th – but 4th in foreign-born residents. Source: Florida Realtors
3 Questions to Ask If You Want to Buy Your Dream Home
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]
Buying, selling or renovating? Pets' opinions count
NAR study found that 81% of Americans consider their pets’ needs before agreeing to any kind of home renovation, and 99% consider their pet part of the family. Source: Florida Realtors
Listing in the Winter Attracts More Serious Buyers
A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close. It’s […]
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