Some Highlights: ‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ are realizing that homeownership is within their reach now! Source: Luxury Market […]
Homes in gentrifying neighborhoods a good investment
How do investors and buyers identify these up-and-coming areas? A RealtyTrac study identifies the top 35 turn-around zip codes in the U.S. – and four are in Fla. Source: Florida Realtors
4 Stats That PROVE This Is NOT 2005 All over Again
Recent research by realtor.com examined certain red flags that caused the housing crisis in 2005, and then compared them to today’s real estate market. Today, we want to concentrate on four of those red flags. Price to Rent Ratio Price to Income Ratio Mortgage Transactions House Flipping All four categories were outside historical norms in 2005. […]
Fed interest rate hike may come 'soon'
Investors locked on one word from the Federal Reserve’s minutes released Wednesday: “soon.” The subtle shift makes an interest rate increase more likely. Source: Florida Realtors
Real Life vs. Reality TV: 5 Myths Explained
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many more, just in one sitting. When you’re in […]
What do you do if floodwater rises unexpectedly?
The floods in Louisiana came without warning, spurring FEMA to issue homeowner guidelines on steps to take before and after floodwaters enter your home. Source: Florida Realtors
How Do Rising Prices Impact Your Home Equity?
Yesterday, we shared the results of the latest Home Price Expectation Survey by Pulsenomics. One of the big takeaways from the survey is that over the next five years, home prices will appreciate 3.5% per year on average, and cumulatively will grow by around 18%. So what does this mean for homeowners and their equity […]
Where Are Home Prices Headed Over the Next 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 five years. They […]
Tight inventory could extend spring selling season
Parents like to home shop in the spring and close in summer to maintain school stability – but with fewer houses on the market, some may still be looking. Source: Florida Realtors
What States Give You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]
Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase […]
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