In some areas, demand is high for one-story homes, but there are fewer listings because builders have been constructing more two-story homes on smaller lots. Source: Florida Realtors
The Top Reasons Why Americans Buy Homes
Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained: “Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority […]
Buyers' top mortgage complaint? Tax data errors
A home can receive six separate tax estimates between listing and an owner’s first mortgage payment, and some estimates are more accurate than others. Source: Florida Realtors
Study: Little chance Fla. home prices will drop
The likelihood of a price decline over the next two years is negligible, according to the Arch MI. Only U.S. states with energy industries have a marginal risk. Source: Florida Realtors
Big single-family rental firms change tactics
Post-recession, large companies started to buy homes, fix them up and rent them out. Today, though, they buy fewer homes and are even starting to sell a few. Source: Florida Realtors
First-time buyers want to bypass starter home
BofA report: 75% of first-time buyers would prefer to move into homes that meet their long-term needs; another 35% plan to retire wherever they buy. Source: Florida Realtors
Mortgage rates hit lowest level since 2015
The average rate on 30-year FRM fell to 3.59% this week from 3.71% last week after the Fed chair reaffirmed her plan to raise interest rates slowly. Source: Florida Realtors
How much do local disasters disrupt the market?
Gas leaks and localized disasters can send real estate markets into a tailspin. A RealtyTrac study found that a Calif. gas leak caused nearby sales to drop 44%. Source: Florida Realtors
HUD: 'No ex-convict' rental rules might break law
Under fair housing “disparate impact” guidelines, a no-convict rental rule may discriminate unintentionally because many ex-criminals are black or Hispanic. Source: Florida Realtors
Freddie Mac: 2016 will be housing's golden year
Officials at Freddie predict that housing starts and home prices will be at their highest levels in a decade, thanks to jobs, mortgage rates and a growing housing supply. Source: Florida Realtors