Hurricane Harvey’s catastrophic flooding doesn’t appear to deter housing demand. Redfin agents say 45 buyers are ready to purchase homes where the storm hit. Source: Florida Realtors
Report: Homeownership Is a Precondition of the American Dream
Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love” higher than any other options (including […]
Happily Ever Homeowner
Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. Many couples are […]
National flood insurance extended for three months
NAR’s Call for Action ended Friday. While it initially hoped to pass a comprehensive flood bill that lasted years, Harvey aid and Irma’s impending threat last week convinced Congress to postpone any major changes. NFIP now expires in December. Source: Florida Realtors
Looking for Your Dream Home? Know What You Want vs. What You Need
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]
4 Reasons to Buy a Home This Fall!
Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The […]
How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]
Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there has not been a 6-months inventory supply since August […]
America Needs Your House!!
The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of […]
What to do if board pres. makes use of HOA resources
Real estate QandA: All board members have a fiduciary responsibility to the community. Review HOA docs – but board can also remove or replace him. Source: Florida Realtors
Homeowners: Do You Know Your Home’s Value?
The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news […]
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