The low-downpayment mortgage should be more appealing to first-time buyers after FHA breathed “new life into the program” by reducing costs, says NAR. Source: Florida Realtors
3 Tips for Making Your Dream of Buying a Home Come True [INFOGRAPHIC]
Some Highlights: Realtor.com recently shared “5 Habits to Start Now If You Hope to Buy a Home in 2017.” Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking a lot about it. Living within a budget now will help you […]
Millionaire to Millennials: Buy a Home!!
Last week, CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is “the single biggest mistake millennials are making” because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country […]
Long-term mortgage rates fall, break 9-week rise
The average 30-year FRM dropped from 4.32% last week to 4.20% this week, though the rate remains notably higher than the overall average 3.65% logged in 2016. Source: Florida Realtors
Year-Over-Year Sales Increases Reach Double Digits in 5 Price Categories
The National Association of Realtors’ most recent Existing Home Sales Report revealed that, compared to last year, home sales are up dramatically in five of the six price ranges they measure. Homes priced between $100-250K showed a 20.7% increase year-over-year. This is an impressive increase, showing that November was an excellent month for home sales in this price range. But […]
95% of foreign investors will spend more in the U.S.
AFIRE survey: International institutional real estate investors – they manage $2 trillion-plus in real estate assets globally – plan to buy U.S. property this year. Source: Florida Realtors
Inadequate Inventory Driving Prices Up
The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices. We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up. Year-over-year […]
Economists expect strong 2017 but with 'wild cards'
Job growth should slow, but fewer workers will force many businesses to raise pay that, in turn, should boost housing demand. But the “Trump Effect” is still an unknown. Source: Florida Realtors
Here’s to a Wonderful 2017!
We hope 2017 is a great year for you, both personally & professionally. Source: Luxury Market News
5 Reasons to Resolve to Hire a Real Estate Professional [INFOGRAPHIC]
Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team! There are many benefits to using a local professional! Pick a pro who knows your local market and can help you […]
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