It’s the seventh week in a row for increases, and two out of three mortgage experts polled this week predict they’ll continue to rise over the short term. Source: Florida Realtors
The #1 Reason to Sell Now… Not Next Spring
The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an […]
Fed raises key interest rate for first time in year
The Federal Reserve raised short-term interest rates by a quarter point, which could impact some adjustable-rate mortgages and other consumer loans. Source: Florida Realtors
Building Your Family’s Wealth Over the Next 5 Years
Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% 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 purchases and closes on a […]
Struggling homeowners get holiday break
Most lenders, along with Fannie Mae and Freddie Mac, say they won’t evict homeowners going through foreclosure during the holiday season. Source: Florida Realtors
Home Prices: Where Will They Be in 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 […]
Rising mortgage rates could tighten listing inventory
While higher rates would hurt buyers, they could also entice current owners not to move so they can keep enjoying their current lower-rate monthly payments. Source: Florida Realtors
Americans Are on The Move [INFOGRAPHIC]
Some Highlights: For the 4th year in a row, the Northeast saw a concentration of High Outbound activity. Oregon held on to the top stop of High Inbound states for the 3rd year in a row. Much of this Outbound activity can be attributed to Boomers relocating to warmer climates after retiring. Source: Luxury Market […]
Will Increasing Mortgage Rates Impact Home Prices?
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able […]
30-year mortgage rates rise to 4.13%
It’s the highest level for the year following a six-week rise after the presidential election. But no expert polled this week predicts more increases. Source: Florida Realtors
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