August’s statewide single-family home median price up 4.2% to $265K, sales up 3.2% year-to-year. Condo median price up 2.7% to $190K, sales down 2.9%. Florida’s housing market reported rising median prices and more pending inventory in August compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family … Continue reading Florida Housing Market: Median Prices and Pending Inventory Up in August
Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how … Continue reading Things to Avoid After Applying for a Mortgage
Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers. Here are the results from the Q2 2019 Survey: Home values will appreciate by 4.1% in 2019 The average annual appreciation will be 3.2% over the … Continue reading How To Increase Your Equity Over The Next Five Years
Freddie Mac has unveiled a program for current homeowners or buyers that allows them to roll the cost of remodeling and repairs into a single mortgage. As homes age, more homeowners are looking to remodeling to spruce up their properties. Of the nation’s stock of 137 million units, nearly 80% are at least 20 years … Continue reading Freddie Mac Debuts ‘Remodeling Loan’ for Fixer-Upper Buyers
If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your large house no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may be ready to move into a home that better fits your … Continue reading What’s Important To Baby Boomers When Selling Their Home?
“You’ll have the opportunity to get pretty much whatever you need. It is very important to do so,” says James Miller, the Florida Retail Federation’s external affairs director. “Make sure you have your disaster preparedness and emergency kits ready to go, because we ultimately will have a storm at some point.” The discounted items will … Continue reading Florida Tax Holiday on Hurricane Supplies Begins Friday
In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers have pushed prices to rise rapidly. In the mind of the homeowner, annual home price … Continue reading Two Things You Need To Know To Properly Price Your Home
If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming … Continue reading Selling Your Home? Make Sure the Price is Right.
In today’s market, as home prices rise and a lack of inventory continues, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for most sellers. Here are the top five reasons: … Continue reading Why You Should NOT “For Sale By Owner” (FSBO)