Slightly, at least that’s my take Substantial changes are coming to the real estate market. Background: Why will this make home prices go down? Buyer’s agents now have to get into an agreement with an agent. Said buyer will now pay the agent’s commission, which may raise their closing costs and expense to purchase the […]
Housing Prices Will Go Down Read More »
Low-income borrowers are finding it’s harder to purchase a home now, but a $2,500 credit may very well help them re-think their options. Fannie Mae announced in January 2024 a $2,500 loan-level price adjustment credit for very low-income purchase borrowers through its HomeReady mortgage program. This credit can be used for down payments and closing costs.
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State of the Real Estate Market in Orlando Area for August 06, 2023 – August 12, 2023 Single-family existing homes Sales of condos, townhomes, and villas *Source: Orlando Realtor Association Central Florida *Source: Stellar MLS
Sell your house at a higher price – 6 proven tips
6 Tips to help you sell Read More »
There are more questions than answers concerning new bills signed into Florida Law which affect Real Estate. It is no secret there’s a housing shortage in Florida. This has generated an increase in the price of homes and rental rates. Florida Atlantic University Real Estate Economist Ken H. Johnson, says rental rates increased 19.25% in
New Laws in Florida Impact Real Estate Read More »
Central Florida April values still continue to rise slightly. There are fewer listings on the market in Central Florida versus March 2023. HOME SELLERS: It is taking longer to sell your home now. The average days a home is on the market has risen to 46 days, compare that to last year which was 16
April 2023 Stats at a Glance Read More »
May 5, 2023, Mortgage rates drop after latest Fed rate hike May 5, 2023, Senators introduce bill to address affordable rural housing shortage May 4, 2023, Affordable Housing – HUD allocates $382 million to help states produce affordable housing May 4, 2023, How to Increase Your Borrowing Power March 28, 2023, Baby Boomers Overtake Millennials
Some recent real estate headlines Read More »
Orlando, FL Market Though active listings are up, the fact is there are 11% less pending sasles compared to March 2022 and 14% less listings sold compared to the same month. The Average Sales Price for homes in the Orlando area is up 3%, for $440k. It will take longer for a property to get
March 2023 RE Statistics Read More »
Should I be worried? Many home buyers are feeling pain because mortgage rates have gone up. Likewise, the home values are at an all time high. But let’s deal with one of these issues, mortgage rates. At the time of this writing the 30-year-fixed mortgage interest rate is 6.5% (Feb 23, 2023). Buyers who saw
Mortgage Rates Today Read More »
