More millennials in their prime home buying years, rising household formation and continued job gains are expected to boost housing next year. Source: Florida Realtors
The Difference an Hour Makes This Fall [INFOGRAPHIC]
Every Hour in the US Housing Market: 633 Homes Sell 253 Homes Regain Positive Equity Median Home Values Go Up $1.43 Source: Luxury Market News
Think All Millennials Live in Their Parent's Basement? Think Again!
According to the Census Bureau, millennials have overtaken baby boomers as the largest generation in U.S. History. Millennials, or America’s youth born between 1982-2000, now represent more than one quarter of the nation’s population, totaling 83.1 million. There has been a lot of talk about how, as a generation, millennials have ‘failed to launch’ into […]
Distressed home sales hit nine-year low in 3Q
ATTOM: Cash sales also logged a nine-year low. But Fla. ranks high in year-over-year median sale price increases, distressed sales and the number of cash buyers. Source: Florida Realtors
How Long Do Families Stay in a Home?
The National Association of Realtors (NAR) keeps historic 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 […]
Survey: Rising prices entice likely sellers to wait
Home seller conundrum: Move-up buyers want to jump into the market now before prices go up, but they also want to wait and get top dollar for their current home. Source: Florida Realtors
Buying a Home? 4 Demands to Make on Your Real Estate Agent
Are you thinking of buying a home? Are you dreading having to walk through strangers’ houses? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of buying. A great agent is always worth more than the commission they charge, just like a great […]
Which websites have the fairest agent-rating system?
The Pa. Association of Realtors looked at nine websites that rate real estate agents, and found nine different rating systems with varying degrees of accuracy. Source: Florida Realtors
Taking the Fear out of the Mortgage Process
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]
First-time buyers, single women get traction in 2016
NAR’s 2016 buyer-seller survey found that FSBO transactions hit at an all-time low, almost 90% of buyers and sellers worked with a real estate agent, and the share of first-time buyers ticked up to 35%. Source: Florida Realtors
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