Real Estate information
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.
New $2,500 Credit to Help Buyers 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 »
December 2022 and YTD Residential Real Estate Stats Here are the latest residential statistics spanning multiple Florida counties and Puerto Rico. It also includes a year-over-year comparison. Average price of homes steady at $428.5k, 6% higher than December 2021.
December 2022 RE Statistics Read More »
The tale of the housing crash that never was Last year homebuyers, sellers and real estate professionals wondered if prices would stop rising. They also wondered if there was to be a market crash. The fact is values are not declining as some expected. We are into 2023 and values have plateaued but they’re not
When will home prices come down? Read More »
