The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year. The 30-year […]
Yet again, penalties pile up at Wells Fargo
In its latest regulatory black eye, Wells Fargo must pay $185M in civil penalties for actions allegedly taken by about 5,300 employees, who secretly opened millions of accounts without customers’ permission. Source: Florida Realtors
Home Prices Up 5.61% Across The Country! [INFOGRAPHIC]
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Vermont was the only one state where home […]
Hermine: Losses seen up to $500M, could have been worse, insurers say
Insurers: It could have been much worse, with some saying the Category 1 hurricane was “a good quiz” for the catastrophe plans of companies doing business in Fla. Source: Florida Realtors
New Construction Numbers: Now Versus 2005
There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today: “The havoc during the last cycle was the result of building too many homes and of […]
Is the Current Pace of Home Sales Sustainable?
There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market. Why the […]
Natural hazard risk holding back home sales
Report: In the first half of the year, home sales rose 4.2% in counties with low natural hazard risk, while counties with high risk only showed a 1.9% gain. Source: Florida Realtors
5 Reasons to Sell This Fall
School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family. Here are five reasons why you should consider […]
More renters staying in apartments as prices rise
RealPage: The share of renters opting to renew their leases hit an all-time high of 53.8% through the first seven months of this year, up from 52.9% in 2015. Source: Florida Realtors
14,767 Homes Sold Yesterday… Did Yours?
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow. 14,767! That […]
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