The first quarter of this year saw the homeownership rate decline again, plummeting to 63.6 percent – the third lowest rate on record. Source: Florida Realtors
Investment Home Sales Rebound in 2015 [INFOGRAPHIC]
Some Highlights: 2015 marks the first year-over-year increase in investment home sales since 2011. 62% of all investment homes purchased were single family homes. The South saw the highest percentage of investment home sales (39%) with the West coming in second (28%). Source: Luxury Market News
Investors: More Sales and Higher Prices
The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Two weeks ago, we posted on the vacation home market. Today, we want to concentrate on the investor real estate market. The survey revealed that investment-home sales in […]
In 9% of U.S. markets, an all-cash sale costs more
RealtyTrac: In Southwest Fla., cash buyers in two local housing markets paid more for listings than buyers taking out a mortgage – a possible sign of a peak. Source: Florida Realtors
Homes Continue to Sell Quickly Nationwide
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015. 42% of […]
Pending home sales up a bit in March
Pending home sales increased slightly in March for the second consecutive month, reaching its highest level in almost a year, according to NAR. Source: Florida Realtors
One More Time… You Do Not Need 20% Down To Buy NOW
A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to […]
100 million Americans have a criminal record
Landlords that once banned ex-convicts must regroup after HUD suggested it could be a fair housing violation. The exact do’s and don’ts aren’t clear, but HUD advice to public housing managers offers some insights. Source: Florida Realtors
Selling Your Home? Make Sure the Price Is Right!
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize […]
Higher fees for low downpayments and credit scores
Mortgage fees have changed for low downpayment loans. Buyers with a good-but-not- great credit score pay higher fees – those with stellar credit pay less. Source: Florida Realtors