RealtyTrac: Only 1 out of 150 seriously delinquent Fla. homeowners (.67%) qualify under the fed’s latest rules to help at-risk owners by reducing their mortgage principal. Nationwide, it’s 1 in 200 (.5%). Source: Florida Realtors
Americans Rank Real Estate #1 Long Term Investment
The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds. Here is the […]
HUD fair housing case focuses on finances
A New York cooperative doesn’t allow trust fund ownership, but HUD says that discriminates against a disabled buyer and isn’t “reasonable accommodation.” Source: Florida Realtors
Private flood insurance support bill in Senate's hands
The U.S. House unanimously passed a bill that promotes private flood insurance, and the Senate could now simply pass the House version. But that might not happen. Source: Florida Realtors
Housing Inventory Disappearing
The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report which gives insight into today’s market conditions. Inventory Levels & Demand Sales of existing homes rose 5.1% month-over-month in March and are 1.5% higher […]
Billionaire: Buy a Home… And if You Can, Buy a Second Home!
Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that: “The housing market has bottomed. It’s not too late to get involved. I still think […]
Homeownership rate nears record lows
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