New-home builders have a rosy outlook about the future based on current trends and their projections for 2017. The monthly index rose 6 points to 65. Source: Florida Realtors
50% of Houses Sold in 36 Days or Less in July [INFOGRAPHIC]
Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in less […]
The Cost of NOT Owning Your Home
Owning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. The […]
Mortgage Standards Easing TOO MUCH? NO!!
There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put everything into the proper perspective. Mortgage Credit Availability Over […]
Household incomes see first big gain since 2007
Census: It appears that Americans got fatter paychecks in 2015 – the first significant hike since 2007. U.S. median household income rose 5.2% to $56,516. Source: Florida Realtors
Why Getting Pre-Approved Should Be Your First Step
In many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved […]
CoreLogic reports 34K completed foreclosures in July 2016
Completed foreclosures down 16.5% from a year ago; U.S. foreclosure inventory down 29.1%. Fla. still leads the nation in completed foreclosures, at 57K, in July. Source: Florida Realtors
Interest Rates Remain at Historic Lows… But for How Long?
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 […]
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