There is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the mortgage market is still much tighter than it was prior to the housing boom and bust experienced between 2003 – 2006. The Housing Financing Policy Center at the Urban […]
Realtor.com forecast: 2017 real estate trends
Mortgage rates will hit 4.5%, home sales will rise 1.9% and prices will go up 3.9% as millennials, boomers and Western cities dominate the real estate market. Source: Florida Realtors
Mortgage Interest Rates Just Went Up… Should I Wait to Buy?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to […]
Work begins to extend Fla. property tax increase cap
A constitutional amendment passed in 2008 – one that caps non-homestead property owners’ tax increase at 10% per year – expires in 2019. However, Florida Realtors strongly backs an extension, and voters might reauthorize it in 2018. Source: Florida Realtors
5 Reasons to Hire a Real Estate Professional When Buying & Selling!
Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED […]
Conforming mortgage limits go up in 2017
For the first time since 2006, the federal government has increased the maximum amount of a conforming loan by $7,100, boosting it to $424,100 in most regions. Source: Florida Realtors
Existing Home Sales Surge Forward Through Fall [INFOGRAPHIC]
Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 33% of all sales in October. Homes are selling quickly with 43% of homes on the market for less than a month. A limited supply continues to drive up prices for the 56th consecutive month. […]
Thank You for Your Support!
Have a Great Holiday! Source: Luxury Market News
Thinking of Selling? Don’t Overlook an Outdated Kitchen, Buyers Won’t
If you are planning on listing your home for sale, make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue for a Renovation,” in which they warned: “Dated kitchens—just like bathrooms—are a major barrier for resale. Buyers want modern amenities and […]
Sales of new homes slipped in October
Commerce Dept.: This month’s sales fell 1.9% compared to Sept., but the rate over the past 10 months is much stronger than the same period in 2015 (12.7% higher). Source: Florida Realtors
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