You and your family have decided to sell your house. It is now time to choose a real estate professional to help with the process. One of the major attributes this agent must possess is trustworthiness. To what degree do you need to trust them? You must have enough trust in them that you feel […]
NAR: Pending home sales at a 10-year high
Consumers are buying homes. NAR’s monthly gauge of homes under contract rose for the third straight month in April to a level not seen since Feb. 2006. Source: Florida Realtors
Sell NOW Before Competition Hits the Market
In their current edition of the Home Price Expectation Survey released last week, Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed: “In your opinion, what is the primary driver of recent home value growth in the U.S.?” Here are the top four reasons given by […]
Credit score problems still haunt Americans
The first thing buyers should do? Check credit scores. CFPB says that a lot of consumers still complain about mistakes and trouble with getting them corrected. Source: Florida Realtors
Where Are Home Values 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 […]
Free credit scores becoming the norm
Many credit cards now give customers access to their FICO score, and Discover says it will start to provide the score to everyone – whether a customer or not. Source: Florida Realtors
When Is It A Good Time To Rent? Definitely NOT NOW!
People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their first quarter median rent numbers. Here is […]
FHA may be reopening doors to condo financing
At one time, FHA offered “spot” condo loans even if a complex wasn’t certified, and while those may or may not be coming back, some changes are in the works. Source: Florida Realtors
Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]
Some Highlights: The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent. Buying costs are significantly less than renting costs. The percentage of income needed to afford a median priced home is less than the historic norm. Source: Luxury Market News
Fed may be wedded to a June rate hike
Few experts thought the Fed would raise interest rates in June but that changed yesterday. An interest rate increase would directly impact ARMs and indirectly FRMs. Source: Florida Realtors
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